What is Smart Home Cloud Platforms Market Scope?
The IoT (Internet of Things) space is expanding to provide more targeted service offerings with vertical-specific capabilities, such as predefined reference applications, mobile apps, data algorithms, and business intelligence dashboards. Cloud-connected devices function more like software than hardware, creating changes in product development models. Smart home cloud platforms are an expanding segment consisting of smart home control and automation system platforms as well as smart home device platforms. The increasing adoption of smart home devices is expected to drive the growth of the market during the upcoming years.
Smart Home Cloud Platforms Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Increasing Adoption of Smart Home Devices
- Increasing Adoption of Voice-enabled Digital Assistants Booming the Market Growth
- The introduction of 5G Technology is expected to Fuel the Market
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Influencing Trends | - The Trend of Using Smart Home Speakers Is Gaining Traction Nowadays
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Restraints | - A High Deployment Cost Hinders the Growth of the Market
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Gaps & Opportunities | - Favorable Government Regulations to Promote Green Buildings
- Upsurging Demand from Developing Countries
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The Smart Home Cloud Platforms market study is being classified by Type (Smart Home Cloud Platform and Services), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, and new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart Home Cloud Platforms market throughout the predicted period.
Google, LLC (United States), Apple Inc. (United States), Amazon Web Services, Inc. (United States), Loxone Electronics GmbH (Austria), Yonomi (United States), Qualcomm Technologies (United States), Cosesy (Denmark), JDCloud (China), Aliyun (China) and Tencent (China) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Smart Home Cloud Platforms market by Type, Application and Region.
On the basis of geography, the market of Smart Home Cloud Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 24 Sept 2020, Apple announced acquisition of Scout FM app that transforms the podcast experience with smart stations.
On 18 Dec. 2019, Amazon, Apple, Google, Zigbee Alliance, and board members form a working group to develop an open standards for smart home devices. Project Connected Home over IP Intends to simplify development for device manufacturers and increase compatibility for consumers. The project aims to enable communication across smart home devices, mobile apps, and cloud services and to define a specific set of IP-based networking technologies for device certification.
Key Target Audience
Smart Home Cloud Platforms/Service Companies, Research & Consulting Firms, Potential Investors, Smart Home Devices Manufacturers, Regulatory & Government Bodies, End Users and Others
Smart Home Cloud Platforms Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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