What is Smart Home Cloud Platforms Market Scope?
The IoT (Internet of Things) space is expanding to provide more targeted service offerings with vertical-specific capabilities, such as predefined reference applications, mobile apps, data algorithms, and business intelligence dashboards. Cloud-connected devices function more like software than hardware, creating changes in product development models. Smart home cloud platforms are an expanding segment consisting of smart home control and automation system platforms as well as smart home device platforms. The increasing adoption of smart home devices is expected to drive the growth of the market during the upcoming years.
The Smart Home Cloud Platforms market study is being classified by Type (Smart Home Cloud Platform and Services), by Application (Lighting Control, Security and Access Control, HVAC Control, Entertainment Control and Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart Home Cloud Platforms market throughout the predicted period.
Google, LLC (United States), Apple Inc. (United States), Amazon Web Services, Inc. (United States), Loxone Electronics GmbH (Austria), Yonomi (United States), Qualcomm Technologies (United States), Cosesy (Denmark), JDCloud (China), Aliyun (China) and Tencent (China) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Smart Home Cloud Platforms market by Type, Application and Region.
On the basis of geography, the market of Smart Home Cloud Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 18 Dec. 2019, Amazon, Apple, Google, Zigbee Alliance, and board members form a working group to develop an open standards for smart home devices. Project Connected Home over IP Intends to simplify development for device manufacturers and increase compatibility for consumers. The project aims to enable communication across smart home devices, mobile apps, and cloud services and to define a specific set of IP-based networking technologies for device certification.
Influencing Market Trend
- The Trend of Using Smart Home Speakers Is Gaining Traction Nowadays
- The Increasing Adoption of Smart Home Devices
- Increasing Adoption of Voice-enabled Digital Assistants Booming the Market Growth
- The introduction of 5G Technology is expected to Fuel the Market
- Favorable Government Regulations to Promote Green Buildings
- Upsurging Demand from Developing Countries
- A High Deployment Cost Hinders the Growth of the Market
Key Target AudienceSmart Home Cloud Platforms/Service Companies, Research & Consulting Firms, Potential Investors, Smart Home Devices Manufacturers, Regulatory & Government Bodies, End Users and Others
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