Market By Products, Services And Geography | Forecast 2019-2027
According to Triton, the smart home market in Latin America is expected to proliferate with a CAGR of 15.50% in the forecast period of 2019-2027.
The countries that have been scrutinized in Latin America’s smart home market are:
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In 2018, the majority of the market share was captured by Brazil in the Latin America smart home market. On the other hand, Mexico is anticipated to be the fastest-growing country in the market during forecast years. The large population and growing urbanization in Latin America are major drivers of the smart home market in the region. There is an increased need for convenience and security by the consumers. The growing demand for smart energy-efficient devices like smart lightings, climate control and security systems are the major factors responsible for the growth of the smart home market in the country. The collaboration of giants Telefónica and Huawei is set to bring in new prospects to the smart homes market in the securities segment. The government’s initiatives towards energy-efficient development is also a significant factor in the development of the smart home market in the region.
However, the lack of awareness amongst customers, high cost of appliances and the anxiety about data privacy are the major restraining factors in the Latin America region. Rest of Latin America region includes countries like Colombia, Argentina, Peru, Chile and Ecuador. These countries are relatively poor and the infrastructure required for smart home adoption is less developed. Hence the adoption of smart homes in the region will be late.
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Market by Security Testing Typ ..
VIEW REPORT1. LATIN
AMERICA SMART HOME MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. INCREASE
IN ADOPTION OF ELECTRONIC GADGETS
2.2.2. CLOUD
TECHNOLOGY HELPS IN THE GROWTH OF THE MARKET
2.2.3. INCREASED
ADOPTION OF SMART HOMES
2.3. EVOLUTION
& TRANSITION OF SMART HOMES
2.4. PORTER’S
FIVE FORCE ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF SUPPLIERS
2.4.4. BARGAINING
POWER OF BUYERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
IMPACT ANALYSIS
2.5.1. COST
2.5.2. DATA
SECURITY
2.5.3. COMFORT
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. INDUSTRY
COMPONENTS
2.9. MARKET
DRIVERS
2.9.1. GROWTH
IN AGING POPULATION
2.9.2. GROWTH
IN INTERNET OF THINGS (IOT) DEVICES
2.9.3. INCREASE
IN URBANIZATION AND INFRASTRUCTURE PROJECTS
2.9.4. GOVERNMENTAL
INITIATIVES
2.10. MARKET
RESTRAINTS
2.10.1. COMPLEX
INSTALLATION PROCEDURE OF SMART DEVICES
2.10.2. PROBLEMS
WITH DATA MANAGEMENT
2.10.3. HIGH
PRICE OF SMART HOME PROJECTS
2.10.4. PRIVACY
CONCERNS
2.11. MARKET
OPPORTUNITIES
2.11.1. DEMAND
FROM URBAN SECURITY
2.11.2. GROWTH
OF SMART CITY PROJECTS
2.12. MARKET
CHALLENGES
2.12.1. LOW
AWARENESS ABOUT THE MARKET
2.12.2. LACK
OF STANDARDIZATION AND PROBLEMS WITH INTEROPERABILITY
3. LATIN
AMERICA SMART HOME MARKET OUTLOOK - BY PRODUCTS
3.1. SECURITY
3.2. HVAC
3.3. LIGHTING
CONTROLLERS
3.4. ENTERTAINMENT
3.5. ENERGY
MANAGEMENT
3.6. HOME
HEALTH
3.7. OTHERS
4. LATIN
AMERICA SMART HOME MARKET OUTLOOK - BY SERVICES
4.1. INSTALLATION
AND REPAIR
4.2. CUSTOMIZATION
5. LATIN
AMERICA SMART HOME MARKET - REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. ABB
LTD.
6.2. BLUE
LINE INNOVATIONS, INC.
6.3. CENTRICA
CONNECTED HOME LIMITED
6.4. CENTURY
TECHNOLOGIES CORP.
6.5. CONTROL4
CORPORATION
6.6. CRESTRON
ELECTRONICS, INC.
6.7. EE
LIMITED
6.8. EMERSON
ELECTRIC, CO.
6.9. HONEYWELL
INTERNATIONAL, INC.
6.10. JOHNSON
CONTROLS, INC.
6.11. LG
ELECTRONICS, INC.
6.12. SAMSUNG
ELECTRONICS CO., LTD.
6.13. SCHNEIDER
ELECTRIC SE
6.14. SIEMENS
AG
6.15. SOLATUBE
INTERNATIONAL, INC.
6.16. UNITED
TECHNOLOGIES CORPORATION
6.17. VODAFONE
GROUP PLC
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: TECHNOLOGIES
USED IN A HOME AREA NETWORK
TABLE 3: VENDOR
SCORECARD
TABLE 4: KEY COUNTRIES
BY CRIME INDEX
TABLE 5: LATIN AMERICA
SMART HOME MARKET, BY PRODUCTS, 2019-2027 (IN $ MILLION)
TABLE 6: LATIN AMERICA
SMART HOME MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)
TABLE 7: LATIN AMERICA
SMART HOME MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
FIGURE 1: EVOLUTION OF
SMART HOME MARKET
FIGURE 2: PORTER’S FIVE
FORCE ANALYSIS
FIGURE 3: KEY BUYING
IMPACT ANALYSIS
FIGURE 4: MARKET
ATTRACTIVENESS INDEX
FIGURE 5: INDUSTRY
COMPONENTS
FIGURE 6: PERCENTAGE OF
URBAN POPULATION ACROSS MAJOR REGIONS, 2017
FIGURE 7: LATIN AMERICA
SMART HOME MARKET, BY SECURITY, 2019-2027 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
SMART HOME MARKET, BY HVAC, 2019-2027 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
SMART HOME MARKET, BY LIGHTING CONTROLLERS, 2019-2027 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA SMART HOME MARKET, BY ENTERTAINMENT, 2019-2027 (IN $ MILLION)
FIGURE 11: LATIN
AMERICA SMART HOME MARKET, BY ENERGY MANAGEMENT, 2019-2027 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA SMART HOME MARKET, BY HOME HEALTH, 2019-2027 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA SMART HOME MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA SMART HOME MARKET, BY INSTALLATION & REPAIR, 2019-2027 (IN $
MILLION)
FIGURE 15: LATIN
AMERICA SMART HOME MARKET, BY CUSTOMIZATION, 2019-2027 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA SMART HOME MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 17: BRAZIL SMART
HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: MEXICO SMART
HOME MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: REST OF
LATIN AMERICA SMART HOME MARKET, 2019-2027 (IN $ MILLION)