Market Research Report
Singapore Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025
|Published by||iGate Research Pvt Ltd||Product code||918187|
|Published||Content info||123 Pages
Delivery time: 1-2 business days
|Singapore Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025|
|Published: December 9, 2019||Content info: 123 Pages||
The smart home market in Singapore is estimated at over US$ 125 Million in 2018 and is predicted to grow at a double-digit rate during the forecast period to 2025. Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an effective and efficient manner. There is a growing demand in the Singapore market for safe and secure living environment, especially concerning safety functionalities and discrete monitoring for elderly people.
In line with Singapore's Smart Nation vision to improve the quality of lives of Singaporeans through the use of digital technology and Big Data, Singapore's Housing and Development Board (HDB) has been leveraging a suite of smart technologies to improve the planning, development and management of public housing. With approximately 80 per cent of Singapore households living in public housing, various government agencies are working with industry players to develop and test smart home solutions in HDB estates.
The growth of Singapore smart home market is attributed to factors such as significantly growing IoT market, cost reduction measures enabled by home automation systems, 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 "Singapore Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025" provides a comprehensive assessment of the fast-evolving, high-growth Singapore Smart Home Industry.
This 123 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.