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Global Smart Home Cloud Platforms Market to grow with a CAGR of 16.7% by 2027

Global Smart Home Cloud Platforms Market Size study, by Solution ( Smart Home Cloud Platform, Services), by Application ( Lighting Control, Security And Access Control, HVAC Control, Entertainment Control And Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances and Others) and Regional Forecasts 2020-2027

Product Code: IACTII_36932609
Publish Date: 11-10-2020
Page: 200

Global Smart Home Cloud Platforms Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.7 % over the forecast period 2020-2027. The Smart Home Cloud Network connects smart home devices for better networking, interoperability, and connectivity to home devices anywhere and anytime. The proliferation of connected devices among consumers has given rise to a new range of solutions and services that allow the smart home ecosystem to provide a high level of automation, connectivity and security.
The prominent factors driving the adoption of Smart Home Cloud Platforms solutions are the increasing adoption of smart home devices, adoption of Voice-enabled Digital Assistants devices. Whereas, technological advancements are expected to create significant growth opportunity in the market over the forecast period. However, the lack of technically skilled workforce and complexities in the management of unstructured data is expected to hinder the market growth. The key players of global Smart Home Cloud Platforms market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In 2019, Nevo Butler, a leading provider of control and sensing solutions for smart homes, unveiled a cloud-based Home Digital Assistant Network, developed for smart home applications, allowing interoperability and collaboration for rich customer experience through IoT-based home automation products. In 2019, SmartRent, a smart home automation and IoT technology start-up, raised USD 32 million in financing for its end-to – end smart home automation network to enable large-scale implementations.

The regional analysis of global Smart Home Cloud Platforms market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to due to the presence of a number of key players. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as continued growth in adoption of smart home devices, high number of smartphone users, along with growing demand for IoT, connectivity and Artificial Intelligence technologies within the smart home ecosystem would create lucrative growth prospects for the Smart Home Cloud Platforms market across Asia-Pacific region.

Major market player included in this report are:
Google, LLC
Apple Inc
Amazon Web Services, Inc.
Loxone Electronics GmbH
Yonomi
Qualcomm Technologies
Cosesy
JDCloud
Aliyun
Tencent

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
Smart Home Cloud Platform
Services

By Application:
Lighting Control
Security And Access Control
HVAC Control
Entertainment Control And Other Controls
Smart Speaker
Home Healthcare
Smart Kitchen
Home Appliances
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Home Cloud Platforms Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Smart Home Cloud Platform Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart Home Cloud Platform Market, by Solution, 2018-2027 (USD Billion)
1.2.3. Smart Home Cloud Platform Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Home Cloud Platform Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Home Cloud Platform Market Dynamics
3.1. Smart Home Cloud Platform Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Home Cloud Platform Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Home Cloud Platform Market, by Solution
5.1. Market Snapshot
5.2. Global Smart Home Cloud Platform Market by Solution, Performance – Potential Analysis
5.3. Global Smart Home Cloud Platform Market Estimates & Forecasts by Solution 2017-2027 (USD Billion)
5.4. Smart Home Cloud Platform Market, Sub Segment Analysis
5.4.1. Smart Home Cloud Platform
5.4.2. Services
Chapter 6. Global Smart Home Cloud Platform Market, by Application
6.1. Market Snapshot
6.2. Global Smart Home Cloud Platform Market by Application, Performance – Potential Analysis
6.3. Global Smart Home Cloud Platform Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Smart Home Cloud Platform Market, Sub Segment Analysis
6.4.1. Lighting Control
6.4.2. Security And Access Control
6.4.3. HVAC Control
6.4.4. Entertainment Control And Other Controls
6.4.5. Smart Speaker
6.4.6. Home Healthcare
6.4.7. Smart Kitchen
6.4.8. Home Appliances
6.4.9. Others
Chapter 7. Global Smart Home Cloud Platform Market, Regional Analysis
7.1. Smart Home Cloud Platform Market, Regional Market Snapshot
7.2. North America Smart Home Cloud Platform Market
7.2.1. U.S. Smart Home Cloud Platform Market
7.2.1.1. Solution breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Smart Home Cloud Platform Market
7.3. Europe Smart Home Cloud Platform Market Snapshot
7.3.1. U.K. Smart Home Cloud Platform Market
7.3.2. Germany Smart Home Cloud Platform Market
7.3.3. France Smart Home Cloud Platform Market
7.3.4. Spain Smart Home Cloud Platform Market
7.3.5. Italy Smart Home Cloud Platform Market
7.3.6. Rest of Europe Smart Home Cloud Platform Market
7.4. Asia-Pacific Smart Home Cloud Platform Market Snapshot
7.4.1. China Smart Home Cloud Platform Market
7.4.2. India Smart Home Cloud Platform Market
7.4.3. Japan Smart Home Cloud Platform Market
7.4.4. Australia Smart Home Cloud Platform Market
7.4.5. South Korea Smart Home Cloud Platform Market
7.4.6. Rest of Asia Pacific Smart Home Cloud Platform Market
7.5. Latin America Smart Home Cloud Platform Market Snapshot
7.5.1. Brazil Smart Home Cloud Platform Market
7.5.2. Mexico Smart Home Cloud Platform Market
7.6. Rest of The World Smart Home Cloud Platform Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Google , LLC
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Solution Summary
8.2.1.5. Recent Developments
8.2.2. Apple Inc
8.2.3. Amazon Web Services, Inc.
8.2.4. Loxone Electronics GmbH
8.2.5. Yonomi
8.2.6. Qualcomm Technologies
8.2.7. Cosesy
8.2.8. JDCloud
8.2.9. Aliyun
8.2.10. Tencent
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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