Global Smart Home Market is further estimated to grow at a CAGR of 13.08% from 2018 to reach USD 124.57 Billion by the year 2023

GLOBAL SMART HOME MARKET was valued at USD 59.57 Billion in the year 2017.
Schneider Electric Se (France), General Electric Company (US), Siemens AG ( Germany), Samsung Electronics Co., Ltd. (South Korea), ABB Ltd. (Switzerlan d), Legrand S.A (France) are some of the key players in the Smart Home Mark et with General Electric Company holding the significant market share becau se of its better global presence both at production and at an operational l evel. Rising research and development expenses to address the changing dema nd of end users, similarly, growth strategies such as Collaboration between top players like Honeywell and Huawei for developing the smart building pr ojects were adopted. ADT, Vivint, Comcast and AT&T from America and eQ-3, R WE, Verisure and Loxone from Europe are the new entrants which have already established their business in developing smart homes. This suggests that t here are growth opportunities for new entrants in the smart home market. Se gmentation done on the basis of Application includes Security & Access, Lig hting Control, Heating Ventilation & Air Conditioning, Smart Kitchen, Home Healthcare, Home Appliances, Entertainment of which the Lighting Control se gment is expected to hold the highest market share during the forecast peri od. This is increasing due to the investment of government in a smart city project. Peer-to-peer connections between devices for the autonomous functi oning of devices are created by this lighting controller.  
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