The Global Single-Family Smart Homes Market Report by The Business Research Company covers global single-family smart homes market drivers and restraints, global single-family smart homes market size, major players, and the impact of COVID-19 on the global single-family smart homes market.

The single-family smart homes market consists of the revenues earned by entities (organizations, sole traders and partnerships) that construct single-family smart homes. The single-family smart homes industry includes the development, construction, and sale of single-family smart homes. It includes new construction work, additions, alterations, maintenance, and repairs. Smart homes are futuristic buildings which are equipped with advanced electronics and wireless devices, and can be controlled remotely from anywhere with an internet connection using networked devices such as mobiles. Smart home systems and devices operate together by sharing home residents’ usage data and automating actions based on homeowners’ preferences. Smart home appliances include smart entertainment, smart lighting, home security and smart appliances, which are controlled by sensors, timers, switches and remote controllers.

The global single-family smart homes market is expected to recover and grow from $60,750 million in 2020 at a CAGR of 19.7% from 2021 and reach $104,200 million in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 18.4% to nearly $146,160.0 million by 2025, and at a CAGR of 18.5% to $341,420.0 million by 2030.

Growing Internet of Things (IoT) will positively influence the market for single-family smart homes in the forecast period. Internet of Things refers to a system of interrelated computing devices that share data over the internet. Globally there has been an increasing demand for IoT owing to several benefits offered, including increased connectivity, and remote functioning, among others. For instance, it is estimated that the number of IoT devices will reach 41 billion by 2027. IoT connects appliances and users to enable a smooth data flow between them. Growing IoT will positively impact the single-family smart homes market, going forward.

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Some single-family smart homes market trends include increasingly using green construction techniques to build energy efficient homes and reduce construction and maintenance costs of houses. Moreover, companies in the smart homes market are increasingly investing in integration with voice assistants to enhance connectivity and add voice control feature to smart homes. A voice assistant is a computerized assistant that uses voice recognition, speech synthesis, and natural language processing (NLP) to provide a service through an application.

Global single-family smart homes market segments include:

1) By Product: Home Monitoring and Security, Smart Lighting, Entertainment, Smart Appliances, Combination, Others

2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others

3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Global Single-Family Smart Homes Opportunities, Trends And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides global single-family smart homes market overviews, analyzes and forecasts market size, share, global single-family smart homes market players, global single-family smart homes market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The global single-family smart homes identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Global Single-Family Smart Homes Opportunities, Trends And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Lennar Corporation, PulteGroup, Inc., Meritage Homes Corporation, KB Smart Home, TRI Pointe Group Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Global Single-Family Smart Homes Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Global Single-Family Smart Homes Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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