Smart Home Installation Services Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast: 2022-2031

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Japan, Japan, Monday, March 14, 2022 08:19:24 / Comserve Inc. / — Smart Home Installation Services market offers an overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in historical and current contexts.

Market overview

The smart home installation services market is expected to register a CAGR of 25% during the forecast period. Due to the growing adoption of IoT and artificial intelligence (AI), smart home technologies continue to expand for greater access and control. The smart home system requires a smartphone app or web portal as a user interface, to interact with an automated system.

– The market for smart home installation services is driven by an increase in the adoption of cognitive systems and connectivity technologies by end users. The adoption of consumer devices (products) incorporating intelligent assistance has increased rapidly over the past few years, due to their advanced features, especially in terms of portability.
– Due to the growing adoption of personal assistants in smart homes, this is expected to create new opportunities for smart home installation service providers over the next few years. This is mainly due to consumers adopting cutting-edge devices, including embedded artificial intelligence devices such as smart TVs, smart speakers, and gaming devices.
– The major factor hindering the growth of the smart home installation services market is the growing concern over data privacy and security.

Report scope

The smart home installation service is part of smart home technology that helps provide homeowners with security, comfort, convenience and efficiency by giving them access to control smart devices through the smartphone app. Smart home installation services help keep the home connected and running as a whole. It allows control of everything from lights, thermostat, doors and entertainment elements from a central control hub or smartphone.

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Main market trends

E-commerce is expected to experience significant growth

– The growing popularity of e-commerce channels is expected to create new opportunities in the smart home installation services market.
– Many businesses collaborate with e-commerce channels to expand their reach in their target customer segments. For example, in November 2018, eBay announced partnerships with three service providers in smart home companies – InstallerNet, Handy and Porch, allowing end users to book smart home installation services on inventory of their own. ‘eBay.
– Major service providers are challenging the easy installation claims made by home improvement and DIY kits, and are using this strategy as a key weapon in expanding their consumer base in the home installation services market smart. OEMs and retailers in the smart home industry offer consulting, product selection and installation services under one roof to support their growth in the smart home installation services industry.

North America is expected to have a large market share

– Smart homes are on the rise, with nearly 30 million US homes expected to add smart home technology in the near future. Consumers are adding products to their homes including smart cameras (highest demand), video doorbells (2nd highest demand), smart light bulbs, smart locks and smart speakers lately.
– According to a recent survey in the United States, security-oriented smart home products are in demand, as family safety is an important factor for the adoption of smart home technology. However, the main market driver in this region is consumers embracing smart home technology such as smart lighting solutions, energy management solutions to simplify their lives with more convenience.

Competitive landscape

The smart home installation market is neither fragmented nor consolidated. Companies are formulating their business strategies that reflect an increased focus on expanding their existing distributor networks around the world. Major players follow strategies such as product innovation, mergers and acquisitions to expand their reach and retain their position in the market.

– April 2019 – Calix Inc. announced a partnership with IdeaTek, to expand the availability of its Gigabit services to its subscribers, and facilitate the management and integration of its smart home devices with its cloud-based Wi-Fi services and home. Recently, Vivint, Inc. also announced its partnership with Airbnb, allowing it to remotely manage energy consumption and home security.
– February 2019 – HelloTech has joined Abode Systems for professional installations of security systems. The new Abode System installation services facilitated by HelloTech will begin with what companies call “do-it-for-me installation services”, followed by expansion plans and the introduction of service and support features. additional in the future.
– November 2018 – eBay announced partnerships with three service providers in the smart home landscape, InstallerNet, Handy and Porchallowing, end users to book smart home installation services on eBay inventory.

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1. INTRODUCTION
1.1 Study deliverables
1.2 Assumptions of the study
1.3 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increase in the number of cognitive systems
4.3.2 Adoption of smart in-vehicle devices
4.4 Market Constraints
4.4.1 Privacy and data security issues
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
4.6.1 Threat of new entrants
4.6.2 Bargaining power of buyers/consumers
4.6.3 Bargaining power of suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By system
5.1.1 Lighting control
5.1.2 Home surveillance/security
5.1.3 Thermostat
5.1.4 Video Entertainment
5.1.5 Smart devices
5.1.6 Other systems
5.2 Per channel
5.2.1 Retailers
5.2.2 E-commerce
5.2.3 OEM
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Calix inc.
6.1.2 HelloTech Inc.
6.1.3 Rivière Rouge Electric Inc.
6.1.4 Vivint Inc.
6.1.5 Meyer Electrical Services Inc.
6.1.6 LLC Finite Solutions
6.1.7 Handy Inc.
6.1.8 Insteon Inc.
6.1.9 PULS group
6.1.10 Miami Electric Master Inc.
6.1.11 Smartify Home Automation Limited

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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