PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1576290
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1576290
South America Smart Home Market Introduction and Overview
According to SPER Market Research, 'South America Smart Home Market Size- By Device Type, By Housing Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the South America Smart Home Market is estimated to reach USD 590.56 billion by 2033 with a CAGR of 20.41%.
Smart homes offer an excellent method of remotely accessing your home via a laptop, tablet, smartphone, or even a gaming console. Controlling elements such as lighting, temperature, security access, and home theater from the comfort of your own house when you're not home but are still online is possible with a smart home.
The COVID-19 pandemic significantly impacted South America's smart home sector, which raised demand for home automation solutions. People are searching for ways to increase the effectiveness, comfort, and security of their houses as lockdowns and remote work become more frequent occurrences. This shift increased interest in smart devices including energy management software, smart lighting, and security systems.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Device Type, By Housing Type
Regions covered South America, Brazil, Argentina, Rest of South America
Companies Covered Amazon, Google, Honeywell, IBM, LG Electronics, Philips, Samsung, Schneider Electric, Siemens, and Whirlpool.
South America Smart Home Market Segmentation:
By Device Type: Based on the Device Type, South America Smart Home Market is segmented as; Safety and Security Devices, Energy and Water Control, Climate Control, Lighting Control, Consumer Electronics, Others.
By Housing Type: Based on the Housing Type, South America Smart Home Market is segmented as; Multifamily Dwelling, Single-family Dwelling.
By Region: This research also includes data for South America, Brazil, Argentina, Rest of South America.