PUBLISHER: KBV Research | PRODUCT CODE: 1155655
PUBLISHER: KBV Research | PRODUCT CODE: 1155655
North America Smart Home Services Market Size, Share & Industry Trends Analysis Report By Type, By Country and Growth Forecast, 2022 - 2028
The North America Smart Home Services Market would witness market growth of 9.6% CAGR during the forecast period (2022-2028).
Smart home services are remote control services that may manage any equipment and gadgets installed in the home, including home applications, facilities, and utilities like power, water supply, boilers, air conditioning, refrigerators, and televisions. This indicates that smart home services are a collection of technologies that enable human-centric networking environments for linking home appliances and apps. The changes in the access methods, infrastructure, and technologies necessary for smart home services are depicted because the backdrop infrastructure of smart home services is primarily an integrated environment between wired and wireless networks, phone companies and cable TV services providers do not anticipate any impediments to their market participation.
Since 2000, when significant adoption of the Internet and 4G mobile telecommunication services occurred, the majority of mobile carriers and cable TV services providers have created a network infrastructure, which is needed for smart home services. In addition, there is no need to distribute more equipment for the services since mobile devices, such as smartphones and tablet PCs, which have quickly proliferated in the population, may utilize mobile applications to operate smart home services. Because mobile devices can provide the necessary features for connecting to the services, mobile carriers and cable TV services providers may simply organize and offer smart home services without making a significant financial commitment. Thus, smart home services may be viewed as the combination of all housing facilities with Internet of Things technology (IoT)
The disposable income of the area population is growing significantly. The Bureau of Energy Analysis reports that personal disposable income increased by 5.6% despite a 1.1% increase in revenue, mostly due to an increase in transfer payments. As a result of pandemic-related government stimulus funding, transfer payments increased by 32.7% in 2021 and by an extra 5.4% in 2022. In 2021, monthly consumer expenditures grew by $32.7 billion, or 0.2%, while personal income increased by $113.4 billion, or 0.5%.
A gain in compensation also led to an increase in discretionary money. In May 2021, the personal saving rate climbed from 5.2% to 5.4%, as measured by the ratio of personal savings to disposable personal income. In addition, the dominance of several market leaders contributes considerably to the region's quick adoption of smart home equipment. Numerous innovative solutions for smart appliances are being brought to the market as the number of industry leaders increases. Manufacturers and distributors are placing a greater emphasis on consumer security and convenience. As a result, people spend more money on highly effective and handy technology. This element stimulates intelligent home appliances which increase the adoption of the smart home services market in this region.
The US market dominated the North America Smart Home Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,726.9 million by 2028. The Canada market is showcasing a CAGR of 12.1% during (2022 - 2028). Additionally, The Mexico market would register a CAGR of 11.1% during (2022 - 2028).
Based on Type, the market is segmented into IoT Services for Smart Appliances, IoT Services for Control & Connectivity Devices and IoT Services for Security & Surveillance Equipment. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Lumen Technologies, Inc., Comcast Corporation, Charter Communications, Inc., Telus International (Telus Communications Inc.), Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), Trane Technologies PLC, Rexel Group, and Calix, Inc.
Scope of the Study
Market Segments covered in the Report:
By Type
- IoT Services for Smart Appliances
- IoT Services for Control & Connectivity Devices
- IoT Services for Security & Surveillance Equipment
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Johnson Controls International PLC
- Lumen Technologies, Inc.
- Comcast Corporation
- Charter Communications, Inc.
- Telus International (Telus Communications Inc.)
- Vivint Smart Home, Inc.
- ADT, Inc. (Apollo Global Management, Inc.)
- Trane Technologies PLC
- Rexel Group
- Calix, Inc.
Unique Offerings from KBV Research
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Smart Home Services Market, by Type
- 1.4.2 North America Smart Home Services Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenarios
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan - 2022, Aug) Leading Players
Chapter 4. North America Smart Home Services Market by Type
- 4.1 North America IoT Services for Smart Appliances Market by Country
- 4.2 North America IoT Services for Control & Connectivity Devices Market by Country
- 4.3 North America IoT Services for Security & Surveillance Equipment Market by Country
Chapter 5. North America Smart Home Services Market by Country
- 5.1 US Smart Home Services Market
- 5.1.1 US Smart Home Services Market by Type
- 5.2 Canada Smart Home Services Market
- 5.2.1 Canada Smart Home Services Market by Type
- 5.3 Mexico Smart Home Services Market
- 5.3.1 Mexico Smart Home Services Market by Type
- 5.4 Rest of North America Smart Home Services Market
- 5.4.1 Rest of North America Smart Home Services Market by Type
Chapter 6. Company Profiles
- 6.1 Johnson Controls International PLC
- 6.1.1 Company Overview
- 6.1.2 Financial Analysis
- 6.1.3 Segmental & Regional Analysis
- 6.1.4 Research & Development Expenses
- 6.1.5 Recent strategies and developments:
- 6.1.5.1 Product Launches and Product Expansions:
- 6.1.5.2 Acquisition and Mergers:
- 6.2 Lumen Technologies, Inc.
- 6.2.1 Company Overview
- 6.2.2 Financial Analysis
- 6.2.3 Segmental Analysis
- 6.2.4 Recent strategies and developments:
- 6.2.4.1 Partnerships, Collaborations, and Agreements:
- 6.3 Comcast Corporation
- 6.3.1 Company Overview
- 6.3.2 Financial Analysis
- 6.3.3 Segmental and Regional Analysis
- 6.3.4 Recent strategies and developments:
- 6.3.4.1 Partnerships, Collaborations, and Agreements:
- 6.3.4.2 Product Launches and Product Expansions:
- 6.4 Charter Communications, Inc.
- 6.4.1 Company Overview
- 6.4.2 Financial Analysis
- 6.5 Telus International (Telus Communications Inc.)
- 6.5.1 Company Overview
- 6.5.2 Financial Analysis
- 6.5.3 Regional Analysis
- 6.5.4 Recent strategies and developments:
- 6.5.4.1 Partnerships, Collaborations, and Agreements:
- 6.5.4.2 Product Launches and Product Expansions:
- 6.5.4.3 Acquisition and Mergers:
- 6.6 Vivint Smart Home, Inc.
- 6.6.1 Company Overview
- 6.6.2 Financial Analysis
- 6.6.3 Regional Analysis
- 6.6.4 Recent strategies and developments:
- 6.6.4.1 Partnerships, Collaborations, and Agreements:
- 6.6.4.2 Product Launches and Product Expansions:
- 6.7 ADT, Inc. (Apollo Global Management, Inc.)
- 6.7.1 Company Overview
- 6.7.2 Financial Analysis
- 6.7.3 Regional Analysis
- 6.7.4 Recent strategies and developments:
- 6.7.4.1 Partnerships, Collaborations, and Agreements:
- 6.7.4.2 Acquisition and Mergers:
- 6.8 Trane Technologies PLC
- 6.8.1 Company Overview
- 6.8.2 Financial Analysis
- 6.8.3 Regional Analysis
- 6.8.4 Research & Development Expense
- 6.8.5 Recent strategies and developments:
- 6.8.5.1 Product Launches and Product Expansions:
- 6.9 Rexel Group
- 6.9.1 Company Overview
- 6.9.2 Financial Analysis
- 6.9.3 Segmental Analysis
- 6.9.4 Recent strategies and developments:
- 6.9.4.1 Product Launches and Product Expansions:
- 6.9.4.2 Acquisition and Mergers:
- 6.9.4.3 Geographical Expansions:
- 6.10. Calix, Inc.
- 6.10.1 Company Overview
- 6.10.2 Financial Analysis
- 6.10.3 Regional Analysis
- 6.10.4 Research & Development Expenses
- 6.10.5 Recent strategies and developments:
- 6.10.5.1 Partnerships, Collaborations, and Agreements:
- 6.10.5.2 Product Launches and Product Expansions:
LIST OF TABLES
- TABLE 1 North America Smart Home Services Market, 2018 - 2021, USD Million
- TABLE 2 North America Smart Home Services Market, 2022 - 2028, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Smart Home Services Market
- TABLE 4 Product Launches And Product Expansions- Smart Home Services Market
- TABLE 5 Acquisition and Mergers- Smart Home Services Market
- TABLE 6 Geographical Expansions - Smart Home Services Market
- TABLE 7 North America Smart Home Services Market by Type, 2018 - 2021, USD Million
- TABLE 8 North America Smart Home Services Market by Type, 2022 - 2028, USD Million
- TABLE 9 North America IoT Services for Smart Appliances Market by Country, 2018 - 2021, USD Million
- TABLE 10 North America IoT Services for Smart Appliances Market by Country, 2022 - 2028, USD Million
- TABLE 11 North America IoT Services for Control & Connectivity Devices Market by Country, 2018 - 2021, USD Million
- TABLE 12 North America IoT Services for Control & Connectivity Devices Market by Country, 2022 - 2028, USD Million
- TABLE 13 North America IoT Services for Security & Surveillance Equipment Market by Country, 2018 - 2021, USD Million
- TABLE 14 North America IoT Services for Security & Surveillance Equipment Market by Country, 2022 - 2028, USD Million
- TABLE 15 North America Smart Home Services Market by Country, 2018 - 2021, USD Million
- TABLE 16 North America Smart Home Services Market by Country, 2022 - 2028, USD Million
- TABLE 17 US Smart Home Services Market, 2018 - 2021, USD Million
- TABLE 18 US Smart Home Services Market, 2022 - 2028, USD Million
- TABLE 19 US Smart Home Services Market by Type, 2018 - 2021, USD Million
- TABLE 20 US Smart Home Services Market by Type, 2022 - 2028, USD Million
- TABLE 21 Canada Smart Home Services Market, 2018 - 2021, USD Million
- TABLE 22 Canada Smart Home Services Market, 2022 - 2028, USD Million
- TABLE 23 Canada Smart Home Services Market by Type, 2018 - 2021, USD Million
- TABLE 24 Canada Smart Home Services Market by Type, 2022 - 2028, USD Million
- TABLE 25 Mexico Smart Home Services Market, 2018 - 2021, USD Million
- TABLE 26 Mexico Smart Home Services Market, 2022 - 2028, USD Million
- TABLE 27 Mexico Smart Home Services Market by Type, 2018 - 2021, USD Million
- TABLE 28 Mexico Smart Home Services Market by Type, 2022 - 2028, USD Million
- TABLE 29 Rest of North America Smart Home Services Market, 2018 - 2021, USD Million
- TABLE 30 Rest of North America Smart Home Services Market, 2022 - 2028, USD Million
- TABLE 31 Rest of North America Smart Home Services Market by Type, 2018 - 2021, USD Million
- TABLE 32 Rest of North America Smart Home Services Market by Type, 2022 - 2028, USD Million
- TABLE 33 Key Information - Johnson Controls International PLC
- TABLE 34 Key Information - Lumen Technologies, Inc.
- TABLE 35 key information - Comcast Corporation
- TABLE 36 key information - Charter Communications, Inc.
- TABLE 37 Key Information - Telus International
- TABLE 38 Key information -Vivint Smart Home, Inc.
- TABLE 39 key Information - ADT, Inc.
- TABLE 40 Key Information - Trane Technologies PLC
- TABLE 41 Key Information - Rexel Group
- TABLE 42 Key Information - Calix, Inc.
List of Figures
- FIG 1 Methodology for the research
- FIG 2 KBV Cardinal Matrix
- FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
- FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan - 2022, Aug) Leading Players
- FIG 5 Recent strategies and developments: Johnson Controls International PLC
- FIG 6 Recent strategies and developments: Comcast Corporation
- FIG 7 Recent strategies and developments: Telus International
- FIG 8 Recent strategies and developments: Vivint Smart Home, Inc.
- FIG 9 Recent strategies and developments: ADT, Inc.
- FIG 10 Recent strategies and developments: Rexel Group
- FIG 11 Recent strategies and developments: Calix, Inc.
