Smart Home Installation Services Market Dynamics 2021-2031
The smart home installation services are on the rise owing to the growing inclination of population towards smart solutions, including cognitive systems and assistant-embedded devices. Manufacturers and service providers are exploring market potential in smart city initiatives by the governments of different countries. Besides, advanced connectivity technologies and increasing IoT applications in the residential sector provide a positive outlook for the smart home installation services market over the coming years.
MARKET DYNAMICS
The smart home installation services market is anticipated to register rapid growth in the coming years on account of an increasing need for home-monitoring solutions coupled with rising disposable income in the emerging economies. The growing adoption of smart devices and the popularity of smart homes is yet another factor set to fuel market growth. However, data privacy and security concerns remain major challenges for this market and may negatively affect the growth of the smart home installation services market. Nevertheless, developments in the IoT solutions are expected to offer substantial growth opportunities for the market players during the forecast period.
MARKET SCOPE
The "Global Smart Home Installation Services Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart home installation services market with detailed market segmentation by system, channel and geography. The global smart home installation services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart home installation services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global smart home installation services market is segmented on the basis of system and channel. Based on system, the market is segmented as smart appliances, home monitoring, lighting control, thermostat and others. On the basis of the channel, the market is segmented as OEM, retailers, e-commerce and professional service providers.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart home installation services market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart home installation services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart home installation services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive Porter's Five Forces analysis on a global scenario.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart home installation services market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart home installation services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart home installation services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive Porter's Five Forces analysis on a global scenario.
MARKET PLAYERS
The reports cover key developments in the smart home installation services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from smart home installation services market are anticipated to lucrative growth opportunities in the future with the rising demand for smart home installation services in the global market. Below mentioned is the list of few companies engaged in the smart home installation services market.
The report also includes the profiles of key smart home installation services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AutoDeus Technologies Private Limited (Smartify)
- Calix
- Finite Solutions
- Handy
- HelloTech
- Insteon
- Miami Electric Masters
- Red River Electric
- Rexel
- Vivint, Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Home Installation Services Market - By System
1.3.2 Smart Home Installation Services Market - By Channel
1.3.3 Smart Home Installation Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART HOME INSTALLATION SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART HOME INSTALLATION SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SMART HOME INSTALLATION SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART HOME INSTALLATION SERVICES - GLOBAL MARKET OVERVIEW
6.2. SMART HOME INSTALLATION SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART HOME INSTALLATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
7.1. OVERVIEW
7.2. SYSTEM MARKET FORECASTS AND ANALYSIS
7.3. SMART APPLIANCES
7.3.1. Overview
7.3.2. Smart Appliances Market Forecast and Analysis
7.4. HOME MONITORING
7.4.1. Overview
7.4.2. Home Monitoring Market Forecast and Analysis
7.5. LIGHTING CONTROL
7.5.1. Overview
7.5.2. Lighting Control Market Forecast and Analysis
7.6. THERMOSTAT
7.6.1. Overview
7.6.2. Thermostat Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SMART HOME INSTALLATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - CHANNEL
8.1. OVERVIEW
8.2. CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. OEM
8.3.1. Overview
8.3.2. OEM Market Forecast and Analysis
8.4. RETAILERS
8.4.1. Overview
8.4.2. Retailers Market Forecast and Analysis
8.5. E-COMMERCE
8.5.1. Overview
8.5.2. E-commerce Market Forecast and Analysis
8.6. PROFESSIONAL SERVICE PROVIDER
8.6.1. Overview
8.6.2. Professional Service Provider Market Forecast and Analysis
9. SMART HOME INSTALLATION SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Home Installation Services Market Overview
9.1.2 North America Smart Home Installation Services Market Forecasts and Analysis
9.1.3 North America Smart Home Installation Services Market Forecasts and Analysis - By System
9.1.4 North America Smart Home Installation Services Market Forecasts and Analysis - By Channel
9.1.5 North America Smart Home Installation Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Home Installation Services Market
9.1.5.1.1 United States Smart Home Installation Services Market by System
9.1.5.1.2 United States Smart Home Installation Services Market by Channel
9.1.5.2 Canada Smart Home Installation Services Market
9.1.5.2.1 Canada Smart Home Installation Services Market by System
9.1.5.2.2 Canada Smart Home Installation Services Market by Channel
9.1.5.3 Mexico Smart Home Installation Services Market
9.1.5.3.1 Mexico Smart Home Installation Services Market by System
9.1.5.3.2 Mexico Smart Home Installation Services Market by Channel
9.2. EUROPE
9.2.1 Europe Smart Home Installation Services Market Overview
9.2.2 Europe Smart Home Installation Services Market Forecasts and Analysis
9.2.3 Europe Smart Home Installation Services Market Forecasts and Analysis - By System
9.2.4 Europe Smart Home Installation Services Market Forecasts and Analysis - By Channel
9.2.5 Europe Smart Home Installation Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Home Installation Services Market
9.2.5.1.1 Germany Smart Home Installation Services Market by System
9.2.5.1.2 Germany Smart Home Installation Services Market by Channel
9.2.5.2 France Smart Home Installation Services Market
9.2.5.2.1 France Smart Home Installation Services Market by System
9.2.5.2.2 France Smart Home Installation Services Market by Channel
9.2.5.3 Italy Smart Home Installation Services Market
9.2.5.3.1 Italy Smart Home Installation Services Market by System
9.2.5.3.2 Italy Smart Home Installation Services Market by Channel
9.2.5.4 United Kingdom Smart Home Installation Services Market
9.2.5.4.1 United Kingdom Smart Home Installation Services Market by System
9.2.5.4.2 United Kingdom Smart Home Installation Services Market by Channel
9.2.5.5 Russia Smart Home Installation Services Market
9.2.5.5.1 Russia Smart Home Installation Services Market by System
9.2.5.5.2 Russia Smart Home Installation Services Market by Channel
9.2.5.6 Rest of Europe Smart Home Installation Services Market
9.2.5.6.1 Rest of Europe Smart Home Installation Services Market by System
9.2.5.6.2 Rest of Europe Smart Home Installation Services Market by Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Home Installation Services Market Overview
9.3.2 Asia-Pacific Smart Home Installation Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Home Installation Services Market Forecasts and Analysis - By System
9.3.4 Asia-Pacific Smart Home Installation Services Market Forecasts and Analysis - By Channel
9.3.5 Asia-Pacific Smart Home Installation Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Home Installation Services Market
9.3.5.1.1 Australia Smart Home Installation Services Market by System
9.3.5.1.2 Australia Smart Home Installation Services Market by Channel
9.3.5.2 China Smart Home Installation Services Market
9.3.5.2.1 China Smart Home Installation Services Market by System
9.3.5.2.2 China Smart Home Installation Services Market by Channel
9.3.5.3 India Smart Home Installation Services Market
9.3.5.3.1 India Smart Home Installation Services Market by System
9.3.5.3.2 India Smart Home Installation Services Market by Channel
9.3.5.4 Japan Smart Home Installation Services Market
9.3.5.4.1 Japan Smart Home Installation Services Market by System
9.3.5.4.2 Japan Smart Home Installation Services Market by Channel
9.3.5.5 South Korea Smart Home Installation Services Market
9.3.5.5.1 South Korea Smart Home Installation Services Market by System
9.3.5.5.2 South Korea Smart Home Installation Services Market by Channel
9.3.5.6 Rest of Asia-Pacific Smart Home Installation Services Market
9.3.5.6.1 Rest of Asia-Pacific Smart Home Installation Services Market by System
9.3.5.6.2 Rest of Asia-Pacific Smart Home Installation Services Market by Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Home Installation Services Market Overview
9.4.2 Middle East and Africa Smart Home Installation Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Home Installation Services Market Forecasts and Analysis - By System
9.4.4 Middle East and Africa Smart Home Installation Services Market Forecasts and Analysis - By Channel
9.4.5 Middle East and Africa Smart Home Installation Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Home Installation Services Market
9.4.5.1.1 South Africa Smart Home Installation Services Market by System
9.4.5.1.2 South Africa Smart Home Installation Services Market by Channel
9.4.5.2 Saudi Arabia Smart Home Installation Services Market
9.4.5.2.1 Saudi Arabia Smart Home Installation Services Market by System
9.4.5.2.2 Saudi Arabia Smart Home Installation Services Market by Channel
9.4.5.3 U.A.E Smart Home Installation Services Market
9.4.5.3.1 U.A.E Smart Home Installation Services Market by System
9.4.5.3.2 U.A.E Smart Home Installation Services Market by Channel
9.4.5.4 Rest of Middle East and Africa Smart Home Installation Services Market
9.4.5.4.1 Rest of Middle East and Africa Smart Home Installation Services Market by System
9.4.5.4.2 Rest of Middle East and Africa Smart Home Installation Services Market by Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Home Installation Services Market Overview
9.5.2 South and Central America Smart Home Installation Services Market Forecasts and Analysis
9.5.3 South and Central America Smart Home Installation Services Market Forecasts and Analysis - By System
9.5.4 South and Central America Smart Home Installation Services Market Forecasts and Analysis - By Channel
9.5.5 South and Central America Smart Home Installation Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Home Installation Services Market
9.5.5.1.1 Brazil Smart Home Installation Services Market by System
9.5.5.1.2 Brazil Smart Home Installation Services Market by Channel
9.5.5.2 Argentina Smart Home Installation Services Market
9.5.5.2.1 Argentina Smart Home Installation Services Market by System
9.5.5.2.2 Argentina Smart Home Installation Services Market by Channel
9.5.5.3 Rest of South and Central America Smart Home Installation Services Market
9.5.5.3.1 Rest of South and Central America Smart Home Installation Services Market by System
9.5.5.3.2 Rest of South and Central America Smart Home Installation Services Market by Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMART HOME INSTALLATION SERVICES MARKET, KEY COMPANY PROFILES
11.1. AUTODEUS TECHNOLOGIES PRIVATE LIMITED (SMARTIFY)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CALIX
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FINITE SOLUTIONS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HANDY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HELLOTECH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INSTEON
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MIAMI ELECTRIC MASTERS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RED RIVER ELECTRIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. REXEL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VIVINT, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AutoDeus Technologies Private Limited (Smartify)2.Calix3.Finite Solutions4.Handy5.HelloTech6.Insteon7.Miami Electric Masters8.Red River Electric9.Rexel10.Vivint, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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