A smart home hub is hardware or software package that connects devices on a home automation network and controls communications among them. sensible home hubs, that connect either domestically or to the cloud, area unit helpful for web of things (IoT) devices that use the Zigbee or Z-Wave protocols or Bluetooth, instead of Wi-Fi.
- The Growing Adoption for Smart Homes due to Changing Demands for Lifestyle
- Increase in Adoption of IoT and Its Benefits in Automation
- Voice Technology and Growing Investment in IoT by Governments
- High Costs involved in Automation and Connectivity Issues
Incorporation of Artificial Intelligence and Threat Management
Players Covered in the Study are:
Johnson Controls International (Ireland), United Technologies Corporation (United States), Schneider Electric (France), Honeywell International, Inc. (United States), Siemens AG (Germany), Amazon, Inc. (United States), Apple Inc. (United States), Google (United States), ADT (United States) and Robert Bosch Gmbh (Germany)
The Global Smart Home Hubs market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
In 2020, Johnson Controls acquired the Qolsys Inc., a leading residential and commercial security and smart-home manufacturer. Qolsys will complement Johnson Controls worldwide innovation platform catering to next generation security and smart building solutions.
List of players that can be included in the study on immediate basis are Assa Abloy (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland) and Legrand S.A. (France).