New Research: Lucintel Predicts a Bright Future for the Smart Home Market

Did you know that Lucintel recently published a market research report entitled “Smart Home Market Report: Trends, Forecast, and Competitive Analysis”?
This market report for Smart Home identifies and predicts future opportunities for growth in the global smart home market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for the smart home market in home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications.
According to Lucintel’s market report, the global smart home market is expected to reach an estimated $107.4 billion by 2023 with a CAGR of 9.5% from 2018 to 2023. Some of the dominant players in the global smart home market are Honeywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies Corporation, Siemens AG, Philips, Acuity Brands, and Vivint Inc.
There are some interesting developments in the global smart home market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include development of voice assistant technology for high-end automated households, the emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video-enabled drones.
Read more about this report at

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