Smart Home Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Smart Home Market Size Analysis and Top Companies

The global smart home market is estimated at to hit around USD 581.85 billion by 2034 from USD 98.05 billion in 2023 with a CAGR of 22.88% from 2024 to 2032. The top companies operating in the smart home market are Amazon, Apple, Honeywell, Crestron Electronics, Ooma, Armorax, SimpliSafe, Canary and other.

Smart Home Market Scope

Recent Developments

• In January 2023, giant tech company Apple announced to step into the smart home application market. Apple is developing a smart display for the home that includes a magnetic wall attachment and can be used to adjust the thermostat and turn on and off lighting. According to reports, it will also offer FaceTime functionality. 
• In January 2023, At the Consumer Electronics Show (CES) 2023, Shelly, a division of Allterco Robotics, Ltd., announced the arrival of 8 new smart home automation devices. The eight new Shelly devices include smart home automation options in the Shelly Pro and Plus series, which provide cutting-edge and smart features for both professional installers and do-it-yourself (DIY) homeowners. 
• In January 2023, Amazon announced support for the new global wireless smart home standard, Matter, which aims to make your connected life simpler. 
• In January 2023, Eve Systems, a manufacturer of smart home accessories, announced the release of its products with Matter compatibility built in. Eve Energy smart plug, Eve Motion and Eve Door and Window sensors are a few products among them. The new Eve accessories are compatible with Apple HomeKit, Amazon Alexa, Google Home, and Samsung SmartThings, and all three will be shipped to the US in March 2023. 
• In January 2023, Today, Samsung Electronics unveiled SmartThings Station, a cheap and user-friendly hub for smart homes that also doubles as a fast-charging station. 1. The new, user-friendly smart home hub enables easy interoperability and control of numerous connected devices. Samsung's SmartThings Find, a fast-expanding asset tracking service, is also connected with SmartThings Station. Users can use it to locate lost gadgets.

Smart Home Market Companies

• Amazon
• Apple
• Honeywell
• Crestron Electronics
• Ooma
• Armorax
• SimpliSafe
• Canary 

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