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Smart homes systems leadership identified by 360quadrants

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The global Smart Homes Systems market size is projected to grow from USD 78.3 billion in 2020 to USD 135.3 billion by 2025, at a CAGR of 11.6% – PowerPoint PPT presentation

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Date added: 30 July 2020
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Title: Smart homes systems leadership identified by 360quadrants


1
360quadrants Presents
SMART HOMES SYSTEMS LEADERSHIP The global Smart
Homes Systems market size is projected to grow
from USD 78.3 billion in 2020 to USD 135.3
billion by 2025, at a CAGR of 11.6 during the
forecast period. Growth of this market can be
attributed to factors such as increasing need for
convenience as well as safety and security, and
rising demand for energy-efficient solutions. The
Smart Homes Systems market will be significantly
driven by the increasing consumer preference for
video doorbells, voice-assisted technologies
(such as Alexa and Google Home), and surveillance
systems.
2
360quadrants Presents
In 2019, the Best Smart Homes Systems market was
dominated by Honeywell, Siemens AG, Johnson
Controls, and GE. A few of the key strategies
executed by these players to compete in the Smart
Homes Systems market include product launches,
partnerships, collaborations, and agreements.
There were also a significant number of
acquisitions mergers during this period.
3
360quadrants Presents
Honeywell has a strong presence in the Smart
Homes Systems market majorly due to its wide
product portfolio comprising various products and
services related to security and fire, building
control and software, and so on. Product
launches, acquisitions, and expansions have been
the major strategies adopted by the company for
business growth. To further broaden its product
portfolio, the company focuses on strategic
acquisitions and product launches. June 2018
 Honeywell introduced Honeywell Vector Space
Sense, a software solution that shows where,
when, and how building spaces are used at any
given point in time. May 2019  Resideo, a
Honeywell subsidiary, acquired the Responsive
Energy Efficiency Technology to expand its
Smart-Home Comfort Offering.
4
360quadrants Presents
Siemens AG is one of the leading players in the
Smart Homes Systems market. Its growth strategy
revolves around the electrification, automation,
and digitalization industries. The company is
known for its automation and control offerings
that cater to the increasing needs for industrial
automation. It focuses on innovation-driven
growth markets by designing innovative solutions
to meet customer needs. The company is
concentrating on enhancing its product portfolio
in the Top Smart Homes Systems market by offering
innovative products according to consumer
requirements. It also invests significantly in
RD to drive profitable growth and optimize
manufacturing capabilities.
5
360quadrants Presents
September 2018  Siemens updated its GAMMA
instabus product line with the new, powerful
KNX-based universal dimmerN554. This universal
dimmer can be used to control LED and other lamps
with up to 1000 VA specifications, making it
perfect for advanced lighting solutions in
cinemas, theaters, opera houses, museums, and
hotels. June 2018  Siemens acquired J2
Innovations, a software framework provider to
build automation and IoT technologies.
6
360quadrants Presents
Johnson Controls is one of the leading players in
the Smart Homes Systems market. The company has a
wide product portfolio for the market, with
products ranging from HVAC systems to video
surveillance systems. It caters to a large
customer base, which helps the company enhance
its revenues and profit margins. It also aims to
strengthen its position in other regions through
strategic partnerships and collaborations.
7
360quadrants Presents
April 2020  Johnson Controls introduced LUX
KONOse for the senior care market which offers
increased visibility, focused ease of use, and
adjustment assurance to create the best
experience for residents of senior living
facilities. September 2018  johnson Controls
acquired Federal Energy Infrastructure Solutions,
a subsidiary of EDF Renewables (US). The
transaction allows Johnson Controls to expand in
the federal government Energy Savings Performance
Contract (ESPC) marketplace.
8
360quadrants Presents
About 360Quadrants 360Quadrants is the largest
marketplace looking to disrupt USD 6.3 trillion
of technology spend and is the only rating
platform for vendors in the technology space. The
platform provides users access to unbiased
information that helps them make qualified
business decisions. The platform facilitates
deeper insights using direct engagement with 650
industry experts and analysts and allows buyers
to discuss their requirements with 7,500 vendors.
9
360quadrants Presents
About 360Quadrants 360Quadrants is the largest
marketplace looking to disrupt USD 6.3 trillion
of technology spend and is the only rating
platform for vendors in the technology space. The
platform provides users access to unbiased
information that helps them make qualified
business decisions. The platform facilitates
deeper insights using direct engagement with 650
industry experts and analysts and allows buyers
to discuss their requirements with 7,500 vendors.
10
360quadrants Presents
Companies are able to win ideal new customers,
customize their quadrants, decide key parameters,
and position themselves strategically in niche
spaces, to be consumed by giants and startups
alike. Experts are able to grow their brand and
increase their thought leadership. The platform
targets the building of a social network that
links industry experts with companies worldwide.
The platform has around 400 buyers across various
markets.
11
360quadrants Presents
360Quadrants will also be launching quadrants in
fields such as Digital Transformation Software,
Cloud Computing Software, and Access Control
Software. Media ContactCompany Name
Marketsandmarkets pvt ltdContact Person Mr.
Agney SuglaPhone 1-888-600-6441Country
United StatesWebsite https//www.360quadrants.co
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