Smart home devices are capable of managing major electrical appliances and other equipment with the assistance of the internet. The penetration of internet of things (IoT) and increasing adoption of smart devices in future homes can lead to large scope for the market. The global smart home device market report by Market Research Future (MRFR) contains drivers and challenges for the period of 2019 to 2024 (forecast period). The COVID-19 outbreak and its impact on the industry are explored in the report.

Regional Analysis

By region, the smart home device market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Central and South America.

North America is expected to lead the market owing to adoption of new technologies such as artificial intelligence and presence of smart home device manufacturers in the region. In addition, the U.S. is one of the most lucrative regions for the global smart home device market owing to construction of smart homes in suburbs and launch of new devices for the customer.

Read more@ https://www.marketresearchfuture.com/reports/smart-home-device-market-8043

Competitive Outlook

Amazon.com Inc., Wink Labs Inc., ADT Inc., Cree Inc., Robert Bosch GmbH, Nest Labs, SkyBell Technologies Inc., Logitech International SA, Honeywell International Inc., PHILIPS LTG N V/ADR, Google LLC, SimpliSafe Inc., Apple Inc., Brilliant Home Technology Inc., NETGEAR Inc., Samsung Electronics Co Ltd, Vivint Inc., and others are key players of the global smart home device market.