Best Smart home systems
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Smart Home Systems Market Leadership
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The global Smart Home 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 Home 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.
In 2019, the Best Smart Home 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 Home Systems market include product launches, partnerships, collaborations, and 
agreements. There were also a significant number of acquisitions & mergers during this period.
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Honeywell has a strong presence in the Smart Home 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.
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Siemens AG is one of the leading players in the Smart Home 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 Home Systems market by offering innovative products according to 
consumer requirements. It also invests significantly in R&D to drive profitable growth and optimize manufacturing 
capabilities.
September 2018 – Siemens updated its GAMMA instabus product line with the new, powerful KNX-based 
universal dimmer—N554. 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.
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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.
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.
https://www.360quadrants.com/semiconductor-and-electronics/smart-home-solutions
About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt US $3.7 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. 360Quadrants enables
vendors to influence the business decisions of potential clients. Vendors get to win ideal new
customers, customize their quadrants, decide key parameters, and position themselves strategically
in a niche space, to be consumed by giants and start-ups alike. Experts get 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 total buyers across
various markets.
360Quadrants will also be launching quadrants in fields like Study Tools, 3D Rendering Software,
Artificial Intelligence Software and Retail Management System.
https://www.360quadrants.com/semiconductor-and-electronics/smart-home-solutions
 
Contact:
Mr. Agney Sugla
[email protected]
630 Dundee Road, Suite 430
Northbrook, IL 60062
https://www.360quadrants.com/semiconductor-and-electronics/smart-home-solutions