By Product (Lighting Control, Security and Access Control, HVAC, Entertainment Control, Smart Kitchen, and Home Appliances), By Technology (Wireless Communication, Cellular Network, and Protocols and Standards), By Software and Services (Behavioral and Proactive), and By Region – (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
https://www.prophecymarketinsights.com/market_insight/Global-Smart-Home-Market-By-197
6. Market Dynamics
Source: Prophecy Market Insights
Driver
Growing Number of Internet Users and Increasing Adoption of Smart Devices
Growing Concern About Safety, Security, and Convenience Among People
Rapid Proliferation of Multifunctional Devices
Restrain
High Cost of Switching for Existing Smart Device Consumers
Issues Related to Breach in Security and Privacy
Lack of Interoperability and Standardization
Opportunity
Innovation in Development of Sensors and Controls
Favorable Government Regulations to Promote Green Buildings