Market Research Report
Japan Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025
|Published by||iGate Research Pvt Ltd||Product code||766016|
|Published||Content info||102 Pages
Delivery time: 1-2 business days
|Japan Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025|
|Published: January 8, 2019||Content info: 102 Pages||
The smart home market in Japan was estimated at over US$ 3 Billion in 2018 and is likely to almost fourfold by the year 2025. There is a growing demand in the Japanese market for safe and secure living environment, especially concerning safety functionalities and discrete monitoring for elderly people; also, since the Great East Japan Earthquake in 2011, Japan has been focused on building energy efficient smart homes and supportive devices.
The lack of standard operational protocols and electrical interfaces has previously impeded the growth of smart home market. The Ministry of Trade, Economy, and Industry, together with the JSCA (Japan Smart Community Alliance), designated the ECHONET Consortium's ECHONET Lite protocol as the country's recommended standard for HEMS equipment.
The growth of Smart home market is attributed to factors such as significantly growing IoT market, cost reduction measures enabled by home automation systems, large number of manufacturers expanding their product portfolios, and increasing importance of home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart home market.
iGATE RESEARCH report titled "Japan Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025" provides a comprehensive assessment of the fast-evolving, high-growth Japan Smart Home Industry.
This 102 Page report with 43 Figures and 4 Tables has been analyzed from 7 viewpoints:
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.