Smart Home and Office Market  Report Scope & Overview:

The Smart Home and Office Market Size was valued at USD 67.75 billion in 2022 and is expected to reach USD 186.61 billion by 2030 and grow at a CAGR of 13.5% over the forecast period 2023-2030.

Smart home and office devices are in high demand because they promise to win and develop the user's trust, reliability, safety, and security as a trending concept, as well as to improve the overall look and vibe of the location where the market services and devices are used and installed. Furthermore, the population of the developed economies operating on a global scale is witnessing an increase in income, which is converting them into target audience due to the developed interest in the market's devices and services. The industry struggled at first, but changing market preferences have resulted in a shift in customer taste and preference toward automated products that derive and implement the best use of technology, thereby empowering customers and assisting the market to expand its size during the current forecast period, which ends in 2030.

Smart Home and Office Market Revenue 2030

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  • Ownership of internet-enabled smart devices is increasing.

  • Growing demand for energy-efficient buildings.


  • device malfunction and Risk of data breach.

  • Costly switching and installation.


  • Government regulations that favour green building initiatives.

  • 5G technology integration.


  • Lack of technical expertise and infrastructure in developing countries.


In the smart home industry, the global market has experienced a significant decline of 5-8% in the sales quantum for the fiscal year, which is largely dependent on the positive rate of disease transmission, thus infecting people on a large scale, as a result of the pandemic's trends and preferences. The impact has harmed the supply chain mechanism of the global market and has harmed countries in the APAC region such as India and China. There will be no new construction processes, and the temporary lockdown governing the manufacturing and production units is exacerbating the situation. The pandemic's impact is only temporary. The major rapidly expanding regions around the world, such as North America and Asia Pacific, are expected to see a good growth graph for smart home and office market services and expansion in the upcoming period of 2023-2030. Rising investments are likely to limit the limited adoption of smart home and office systems by introducing features that benefit the target audience in terms of ease and convenience. Governments from all over the world are also interfering by increasing their investment and rolling out schemes to support these markets and their offerings for global growth during the period ending in 2030.

Based on Product, the smart home and office market is segmented into Lighting Controls, HVAC Controls, Surveillance Products, and Access Controls. Based on standard, the smart home and office market is segmented into Wi Fi and Infrared, En Ocean, Bac Net, Z Wave, Zigbee, Dali, and Knx.




  • Wi Fi And Infrared

  • En Ocean

  • Bac Net

  • Z Wave

  • Zigbee

  • Dali

  • Knx

Smart Home and Office Market Segment Pie Chart

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Based on demand from various global regions, the smart home and office market share is expected to grow the most rapidly in the APAC region, with the highest CAGR. The smart home and office market is seeing the emergence of factors such as strong economic growth and presence, a significant increase in population, and people's desire to live a better life and experience an improved standard of living. Furthermore, rapid urbanisation across various regional markets under the global market tag is assisting the region to compete and perform well in the international market during the forecast period.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the smart home and office market are Johnson Controls International, United Technologies Corporation, Schneider Electric, Robert Bosch GmbH, Sony Corporation, Siemens, Honeywell, Samsung Electronics, Legrand SA, and Eaton Corporation PLC and Other Players.

United Technologies Corporation-Company Financial Analysis

Company Landscape Analysis

Smart Home and Office Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 67.75 Billion
Market Size by 2030 US$ 186.61 Billion
CAGR CAGR of 13.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Lighting Controls, Hvac Controls, Surveillance Products, Access Controls)
• By Standard (Wi Fi And Infrared, En Ocean, Bac Net, Z Wave, Zigbee, Dali, Knx)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Johnson Controls International, United Technologies Corporation, Schneider Electric, Robert Bosch GmbH, Sony Corporation, Siemens, Honeywell, Samsung Electronics, Legrand SA, and Eaton Corporation PLC.
Key Drivers • Ownership of internet-enabled smart devices is increasing.
• Growing demand for energy-efficient buildings.
RESTRAINTS • Device malfunction and Risk of data breach.
• Costly switching and installation.

Frequently Asked Questions

The market value is expected to reach USD 186.61 billion by 2030.

device malfunction and Risk of data breach, Costly switching and installation.

The key players in the smart home and office market are Johnson Controls International, United Technologies Corporation, Schneider Electric, Robert Bosch GmbH, Sony Corporation, Siemens, Honeywell, Samsung Electronics, Legrand SA, and Eaton Corporation PLC.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Ans: The Smart Home & Office Market is growing at a CAGR of 13.5% over the forecast period 2023-2030.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Smart Home and Office Market Segmentation, By Product


8.2 Lighting Controls

8.3 Hvac Controls

8.4 Surveillance Products

8.5 Access Controls

9. Smart Home and Office Market Segmentation, By Standard


9.2 Wi Fi and Infrared

9.3 En Ocean

9.4 Bac Net

9.5 Z Wave

9.6 Zigbee

9.7 Dali

9.8 Knx

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profiles

11.1 Samsung Electronics

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Johnson Controls International

11.3 United Technologies Corporation

11.4 Schneider Electric

11.5 Robert Bosch GmbH

11.6 Sony Corporation

11.7 Siemens

11.8 Honeywell

11.9 Legrand SA

11.10 Eaton Corporation PLC

12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

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