Smart Home as a Service market, By Type, By Solution, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The Global Smart Home as a Service market size was valued at US$ 11.3 Billion in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 12.1% from 2023 to 2030

Smart home as a service or also referred to as (SHaaS) is a type of service where instead of consumer, service provider selects, installs, maintains, upgrades, and programs smart home devices. Smart home as a service uses the subscription-based business models with monthly payment from consumers. Novel technologies are used in SHaaS including connected devices, sensors, cloud intelligence, and social media to combine a variety of important services into a simple-to-use app that allows service providers to make their consumers' lives effortless and simple. There are three major aspects of smart home as a service namely intelligence, connectivity, and functionality where it can help the user to function properly

Market Dynamics:

Technological advancements have led to emergence of additional features such as live video surveillance, intrusion alerts, and instant updates, which was not possible with conventional systems. These features enhance personal and family security, which is the major market driver.

The adoption of smart homes can significantly reduce the number of domestic burglaries, break-ins, and robberies while keeping unwanted intruders out, thus making homes much safer. Hence, enhance security offered by smart homes is expected to propel the global smart home as a service market growth over the forecast period. Smart homes help the consumers with long-term cost savings on energy consumption, which in turn, is expected to accelerate the adoption of the same. Although the cost of smart home appliances is significantly higher than conventional counterparts, their cost-saving potential is second to none. According to Nest Thermostat manufacturers, an average U.S. homeowner can save up to 12-15% on heating and cooling cost. Furthermore, there are many more energy management devices available such as smart lights, smart meters, smart outlets, smart fans, and ACs. Therefore, these factors are expected to boost the global smart home as a service market growth in the near future.

Key features of the study:

• This report provides an in-depth analysis of the Global Smart Home as a service Market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles leading players in the global Smart Home as a service Market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Global Smart Home as a service Market includes Ingersoll-Rand plc (Nexia), Vivint, Inc., Protection One Alarm Monitoring, Inc., The ADT Corporation, Telus Communications, Frontpoint Security Solutions, AT&T Inc., Johnson Controls, Inc., Comcast Corporation, Charter Communications (TWC), and CenturyLink, Inc.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Smart Home as a service market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Smart Home as a service Market

Detailed Segmentation:

• Global Smart Home as a service Market, By Service
  • Managed
  • Integrated
• Global Smart Home as a service Market, By Solution
  • Security and Access,
  • Lighting and Window,
  • Audio-Visual and Entertainment,
  • Energy Management and Climate
  • Integrated
• Global Smart Home as a service Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • AT&T Inc.
  • CenturyLink, Inc.
  • Charter Communications (TWC)
  • Comcast Corporation
  • Frontpoint Security Solutions
  • Ingersoll-Rand plc (Nexia)
  • Johnson Controls, Inc.
  • Protection One Alarm Monitoring, Inc.
  • Telus Communications
  • The ADT Corporation
  • Vivint, Inc.