Reality World Research Report Analysis

Due to huge developments and innovations in technology day-by-day, the Virtual Reality and Augmented Reality has become a highly emerging sector. In the present day scenario, many investors are actively investing in latest technologies. Research Report Analysis will help you get more flavors, deep into its market and regions where this technology is experiencing a huge demand. Also, it will help in getting you the "right business at a right time," wherein you will get more $ in revenue.

Tuesday, 18 April 2023

Battery-free Sensors Market expected to reach $109 million by 2026

According to the new market research report "Battery-free Sensors Market with COVID-19 Impact Analysis, by Sensor Type (Temperature Sensors, Humidity/Moisture Sensors, Pressure Sensors), Frequency, Industry (Automotive, Logistics, Healthcare, Food & Beverages), and Region - Global Forecast to 2026", The global battery-free sensors market size is projected to grow from USD 32 million in 2021 to USD 109 million by 2026; it is expected to grow at a CAGR of 27.6% from 2021 to 2026. With rapid technological advancements, battery-free sensors are increasingly adopted in IoT applications to improve production efficiency and reduce operational and maintenance costs in the wake of COVID-19. Additionally, the ongoing miniaturization of medical and electronic devices and the growing implementation of automated condition monitoring solutions in smart factories are expected to boost the growth of the battery-free sensors market during the forecast period.

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Browse 124 market data Tables and 43 Figures spread through 202 Pages and in-depth TOC on "Battery-free Sensors Market and Region - Global Forecast to 2026"
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Temperature sensors accounted for the larger size of the battery-free sensors market in 2020.

Temperature sensors segment held the largest size of the market in 2020. Battery-free sensors are at the initial phase of commercialization. At present, only a few companies are providing battery-free sensors. Among other sensors, temperature sensors are the most common sensors offered by these manufacturers. Temperature sensors account for the largest share due to the high deployment of these sensors by the manufacturing and process industries, such as oil & gas, food & beverages, and automotive industries, in hard-to-reach or remote machinery to monitor the machine condition. The data gathered by these temperature sensors enable effective predictive maintenance programs in industrial plants to avoid costly downtime. These sensors are also maintenance-free, making them preferable for various industrial operations. Also, the average selling price of the battery-free temperature sensor is higher than other types of sensors covered in this report

Automotive segment is expected to hold the largest size of the battery-free sensors market in 2020.

Automotive segment is expected to hold the largest share in the battery-free sensors market during the forecast period. Automobile companies across the world are emphasizing on automating and upgrading their assembly lines. Automobile manufacturers adopt battery-free sensors at a significant rate owing to their advantages, such as prediction and prevention of equipment failure by improvising the performance and efficiency of assets and equipment at reduced maintenance costs. Battery-free sensors enable predictive maintenance and help efficient handling of assembly operations in the automotive industry. Hence, the automotive industry is expected to capture the largest market share throughout the forecast period. Automobile original equipment manufacturers (OEM) and players within the mobility industry are among the worst hit by the COVID-19pandemic. Automobile OEMs increasingly rely on just-in-time manufacturing, which is presently affecting their production capabilities and overall exports owing to supply chain disruptions.

APAC is projected to be the largest market for battery-free sensors from 2021 to 2026.

Battery-free sensors market in APAC is expected to grow at the highest CAGR during 2021−2026. Ongoing industrialization, growing adoption of predictive maintenance tools, and increasing competitive pressure to achieve operational efficiency are fueling the growth of the battery-free sensors market in this region. The expansion of manufacturing activities resulting from the migration of production bases to Asian countries, such as China, India, and South Korea, with low labor costs, drives the demand for battery-free sensors in the region. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, forcing them to shut down. However, production has resumed in a few facilities in China, thereby initiating the manufacturing of some essentials.

ON Semiconductor (UK), Farsens (Spain), Axzon (Rfmicron) (US), Inductosense (UK), Phase IV Engineering (US), Powercast (US), Distech Controls (US), EnOcean (Germany), DCO Systems (UK), and Everactive (US), are some of the major players in battery-free sensors market.

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TTS (Text-to-Speech) Market worth $5.0 billion by 2026

The report "Text-to-Speech Market with COVID-19 Impact By Offering (Software, Services), Vertical (Enterprise, Consumer Electronics, Education, Retail), Deployment, Language, Organization Size, Voice Type, and Geography-Forecast 2026" The text-to-speech market was valued at USD 2.0 billion in 2020 and is estimated to reach USD 5.0 billion by 2026, registering a CAGR of 14.6% during the forecast period.

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Browse 103 market data Tables and 49 Figures spread through 197 Pages and in-depth TOC on "Text-to-Speech Market with COVID-19 Impact By Deployment, Language, Organization Size, Voice Type, and Geography-Forecast 2026"
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The major factors driving the growth of the text-to-speech market are rising demand for handheld devices, increased government spending on education for differently-abled, the dependence of the growing elderly population on technology, and the rising number of people with different learning disabilities or learning styles are factors driving the growth of the text-to-speech market. However, the lack of prosody and pronunciation of naturally occurring speech may restrain the growth of the market during the review period.

Services are projected to witness the highest CAGR for the forecast period

Services are expected to hold a major share during the forecast period. Services play a vital role in the functionality of text-to-speech software. They are an integral step in deploying tools and are taken care of by solution, platform, and service providers. The major companies in various industries are adopting text-to-speech to deal with the rapidly increasing audio/video-based content. This is helping companies find new ways to tap the wealth of data to develop new products, services, and processes, thus gaining a competitive advantage.

Neural and Custom voice type to account for largest share of text-to-speech market during forecast period

The neural and custom voice type is expected to account for a larger market size during the forecast period owing to its ability to generate speech with humanlike intonation, engagement, and personalized user experience, which is expected to drive the adoption of neural and custom voice systems and software during the forecast period.

Cloud based deployment mode will have highest growth in coming years

The cloud segment, on the contrary, benefits organizations with increased scalability, speed, 24/7 service, and enhanced IT security. The growing adoption of SaaS applications by enterprises is generating huge growth prospects for cloud-based text-to-speech software. The cloud-based deployment mode is expected to account for larger market size and its market is growing at a higher CAGR. The COVID-19 crisis has also driven the growth of the market for cloud-based deployment mode due to its scalability, security, reliability, and cost-effectiveness

Large Enterprises are leading adopters of text-to-speech software and services in 2020

Large enterprises are the leading adopters of text-to-speech software and services with the increasing need for speech recognition, virtual assistants, and chatbots. Hence, large enterprises accounted for significant share in 2020. SMEs have been gradually recognizing the importance of text-to-speech solutions and have started deploying them to enhance customer experience and gain a leading edge in the market. Owing to the availability of cost-effective cloud solutions, text-to-speech software and services are expected to witness a prominent growth rate among SMEs during the forecast period.

English and Mandarin Chinese, by language in text-to-speech market hold the highest and second highest share in coming years

The demand for English and Mandarin Chinese languages in text-to-speech software tends to increase as roughly 1.1 billion or 15% of the global population can speak English followed by Mandarin Chinese, Hindi, and Spanish. The English language holds a major share of the text-to-speech market in 2020 while the market for Spanish is expected to grow at the highest CAGR during the forecast period of 2021–2026.

APAC is attributed to grow at the highest CAGR in the text-to-speech market during ther forecast period (2021-2026)

APAC is witnessing increased traction for speech recognition solutions integrated with text-to-speech due to the growing penetration of AI, analytics, and IoT devices in the region. This is creating a favorable market environment, and the region is witnessing rising adoption of voice-activated technology in the Asian markets, such as India, China, Indonesia, Australia, Japan, and Singapore. In Japan and China, text-to-speech systems have been deployed at airports and ATMs. Other countries, such as Singapore, Hong Kong, Indonesia, and Malaysia, are looking forward to integrating new technologies into their businesses.

Key Market Players

The Text-to-Speech market was dominated by Nuance Communication (US), Microsoft Corporation (US), IBM Corporation (US), Google, Inc. (US) and Amazon.com (US)

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Artificial Intelligence in Manufacturing Market expected to reach $16.3 Bn by 2027

According to a research report "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region - Global Forecast to 2027" published by MarketsandMarkets, the global Artificial Intelligence in Manufacturing market size is projected to grow from USD 2.3 billion in 2022 to USD 16.3 billion by 2027, it is expected to grow at a CAGR of 47.9% from 2022 to 2027.

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The key factors contributing to the growth of artificial intelligence in manufacturing market include improving computing power of AI chipsets and increasing venture capital investments in manufacturing AI space. However, increasing venture capital investments in manufacturing AI space is hindering the growth of artificial intelligence in manufacturing market. Limited availability of skilled workforce, especially in developing countries possesses a huge challenge to the industry. However, growing focus on boosting operational efficiency of manufacturing plants is the biggest opportunity in the market space with Asia Pacific having the highest market share and CAGR for the forecast period.

Development of sophisticated hard and soft sensors to boost growth of context-aware computing segment

By using context awareness technology, a control system called Manufacturing Execution System (MES) is designed for managing and monitoring works in a factory, which is based on the dynamic and complex production process in the manufacturing plant. The context-awareness architecture establishes the dynamic interaction properties of the system more thoroughly and guides object specification and abstraction tasks in machine language. This technology provides computing environments with the ability to learn and adopt the context by sensing through different sensors and automatically provides feedback to the user. This service makes the operator attentive, responsive, and predictive. In the manufacturing plant, the production quantity varies on many uncertain factors, including internal and external factors such as random orders, sudden equipment fault, supply modification, and runtime restriction. Context-aware technology finds customized solutions and arranges the machines accordingly for the issues mentioned above. Siemens (Germany) and General Motors (US) use context awareness technology in their plants. Additionally, context-aware information distribution may offer substantial value to industries. It provides task-relevant information or services to users on a manufacturing shop floor, improving decision-making through context-driven recommendations.

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Asia Pacific exhibit the highest CAGR during the forecast period

APAC is likely to be the highest contributor in terms of market size and growth rate in the overall AI in manufacturing market during the forecast period. This market in APAC is further divided into China, Japan, South Korea, India, and Rest of APAC (RoAPAC). RoAPAC includes Singapore, Malaysia, Thailand, Australia, and New Zealand. Among all the countries in APAC, China held the largest share of the AI in manufacturing market in 2021.

APAC, led by China, Japan, and South Korea, is considered the largest market for industrial robots. Industrial robots generate a huge amount of data. This data is used in deep learning algorithms to further train the robots. This would act as one of the major drivers for the AI in manufacturing market in APAC. APAC is also considered to have the most number of manufacturing plants in the world. There are a few dark plants in China, where only robots work without any human intervention. AI implementation can make robots smarter, reduce the downtime of machines, and increase productivity.

Advancement in deep learning and supervised learning manufacturing industry to drive growth of AI in manufacturing market for machine learning

Machine learning (ML) enables systems to improve their performance automatically with experience. ML helps develop a computer program/algorithm that can access data and use it to train itself without human intervention. ML is adopted to deal with large volumes of data. The time previously dedicated to analyzing charts and spreadsheets is now being utilized to seek intelligent ways to automate data analysis. ML includes various technologies, such as deep learning, supervised learning, unsupervised learning, and reinforcement learning.

Extensive use of big data in production planning to fuel market growth

Production planning is a process that combines and transforms various resources used in the production system in a manufacturing plant. The AI system executes the interrelated operational activities involved in the manufacturing processes. The deep learning-based algorithm uses many functions such as Programme Evaluation Review Technique (PERT)/Critical Path Method (CPM) to optimize the production planning under various conditions. The use of AI in production planning leads to the standardization of product and process sequence, dedicated special-purpose machines having higher production capacities and output rates, short production cycle time, perfectly balanced production lines, faster flow of materials, and easy material handling.

The key players operating in the artificial intelligence in manufacturing market NVIDIA (US), IBM (US), Intel (US), Siemens (Germany), General Electric (US), Google (US), Microsoft Corporation (US), and Micron Technology (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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Biometric System Market worth $82.9 billion by 2027, at CAGR of 14.1%

Attractive Opportunity: Supercharge your Visualization

Increasing the advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Moreover, growing adoption of biometric system in consumer electronics, BFSI as well as automotive verticals will drive the demand for this technology in the near future.

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Industry Trends of the Global Biometric System Market:

1. IDEMIA collaborated with Microsoft to deliver next-generation eSIM and connectivity solutions for consumer and M2M/IoT devices.

2. Thales Group launched a new voice biometric solution, a part of the Trusted Digital Identity Service Platform, for onboarding and authentication. It allows detecting fraudsters attempting to mimic customers.

3. The acquisition allowed Fujitsu Frontech North America, Inc. to strengthen its offerings and expand its biometric authentication solutions business domestically and globally.

What are the Driving Factors of Evolution of technologies and consolidation of Biometric System Market?

The global biometric system market is expected to grow from USD 42.9 billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%.

Single factor authentication is estimated to contribute largest market share in the said market during the forecast period

Single-factor biometric systems are cost-effective and fast. Furthermore, the systems with single-factor authentication are much faster and simplified. However, these systems are prone to high-security risks. Nevertheless, technologically improving hardware and software solutions and biometric systems integrated with AI have increased the level of accuracy and security offered by single-factor authentication.

Biometric System Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Consumer electronics vertical is estimated to be the fastest-growing market during the forecast period

Biometrics is one of the revolutionary technologies in the consumer electronics sector owing to its security and cost-effectiveness. In the consumer electronics industry, smartphones are significantly contributing to the growth of the adoption of biometrics technology. Consumer electronic companies are increasingly developing and deploying advanced and cost-effective biometric security features. There have been rapid advancements in the designs of chips and algorithms of voice and facial recognition. Also, the declining cost of biometric technologies installed in consumer electronics is playing a key role in driving market growth.

Major players in the biometric system market include Thales Group(Paris), Idemia (France), ASSA ABLOY (Sweden), NEC Corporation(Japan) and Fujitsu(Japan), Precise Biometrics(Sweden), secunet Security Networks AG (Germany), Stanley Black & Decker, Inc.(France), Aware Inc (US), Cognitec Systems GmbH(Germany) among others.

Biometric System Market - Geographical Regional Vision by Marketsandmarkets^TM
Asia Pacific is expected to grow at the highest rate

The market in APAC will grow at the highest CAGR during the forecast period. The biometric system market in APAC is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The presence of prominent biometric system manufacturers, including Fujitsu and NEC Corporation, is expected to contribute to the revenue share of this region owing to the rapid economic growth in major countries such as China, Japan, India, and South Korea.

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Augmented Reality and Virtual Reality Market expected to reach $114.5 billion by 2027

According to a research report "Augmented Reality and Virtual Reality Market by Technology Type (AR: Markerless, Marker-base; VR: Non-Immersive, Semi-immersive and Fully Immersive Technology), Device Type, Offering, Application, Enterprise, and Geography - Global Forecast to 2027" published by MarketsandMarkets, the AR and VR market is projected to grow from USD 37.0 billion in 2022 to USD 114.5 billion by 2027; it is expected to grow at a CAGR of 25.3% from 2022 to 2027. The key factors fueling the growth of this market include increasing application of AR devices in healthcare, increasing demand of AR in retail and e-commerce post pandemic, rising investments in AR and VR market, partnerships between telecom players and AR manufacturers to reduce latency to imperceptible levels, rise in demand for AR in architecture, increasing demand for VR in training and education, high growth of AR and VR in travel, tourism and enterprise applications.

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Head-mounted displays contribute for maximum market share for AR and gesture tracking devices comprise a maximum market share in 2021

For device type segment of AR and VR market, The AR market for head-mounted displays is anticipated to be contributing to maximum market share at a faster growth rate during the forecast period. The use of HUDs in the automotive sector is expected to boost the growth of the AR market for HUDs.

The increasing demand for AR smart glasses for industrial applications is expected to drive the growth of the AR market. Consumer applications such as gaming, sports, and entertainment are expected to boost the VR market for head-mounted displays. The VR market for head-mounted displays for consumer applications is expected to increase, but the maximum market share in VR market in 2021 was for gesture tracking devices.

Hardware market for AR and VR is expected to grow more than the software market in the forecast period.

For the offering type segmentation of AR and VR market, the market offers software as well as hardware in both AR and VR market. The market for hardware devices is currently limited. However, it is expected to witness a higher growth rate than the software market owing to the increasing adoption of AR and VR hardware devices. Increasing penetration of AR software solutions and their compatibility with existing hardware devices are expected to drive the growth of the AR and VR market for software during the forecast period. AR technology is anticipated to continue its growth in the software segment through the emergence of various emerging AR projects that will evolve into large-scale projects. The VR market for hardware is expected to hold a larger market share in the forecast period with the increasing boom of the VR hardware such as VR headsets for gaming, entertainment, training. The reduction in the growth rate of the AR market for software is due to the widespread availability of AR software in the market.

Asia Pacific is projected to grow at the fastest rate for AR market during the forecast period and maximum market share in VR market in 2021

For the AR market, by region, the maximum market share of the AR market is contributed by North America with a maximum market share during the forecast period. Even though the AR market are developed in North America, the expected growth rate is lesser than the other regions such as Asia Pacific, which has the highest growth rate during the forecast period, the reason being that the market is already developed in this region, hence, stagnating growth up to a certain extent. For VR market, Asia Pacific region has the largest share in the market in 2021 as well as it is also the fastest-growing region for VR market during the forecast period with the highest growth rate. Several start-ups in the US, Germany, Canada, France, the UK, and India have focused on the upcoming trends in AR and VR services and trends such as virtual training, virtual try-ons for clothing, jewellery, make-up, virtual furniture shopping, Heads-up display in automobile industry; which led to growth in the AR devices and apps in the industry as a whole, which in turn, leads to growth in the AR and VR market.

Google (US), Microsoft (US), Sony Corporation (Japan), Samsung Electronics (South Korea), HTC (Taiwan), Apple Inc., (US), PTC Inc., (US), Seiko Epson (Japan), Oculus VR (by Facebook (US)), Lenovo (China) are the key players in the global AR and VR market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

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Speech and Voice Recognition Market expected to reach $28.1 billion by 2027

According to a research report "Speech and Voice Recognition Market by Deployment Mode (On-Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027" published by MarketsandMarkets, the global speech and voice recognition market size is projected to grow from USD 9.4 billion in 2022 to USD 28.1 billion by 2027; it is expected to grow at a CAGR of 24.4% from 2022 to 2027.

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The key factors contributing to the growth of the speech and voice recognition market include increasing demand in healthcare for improving efficiency and the growing use of smart appliances are among the factors driving the growth of the speech and voice recognition market.

Consumers are likely to register high CAGR

In 2021, the consumer segment the largest share of the speech and voice recognition market. The growing requirement for mobile device and application authentication and the increasing use of voice-controlled wearable devices are expected to drive the speech and voice recognition market growth. Apac region is expected to achieve the highest CAGR during the forecast period owing to the high demand of mobile and wearables devices in the region.

The consumer sector is expected to register the highest CAGR during the forecast period. The demand for speech and voice recognition solutions in this sector is primarily attributed to the growing use of speech recognition technology in consumer products such as smartphones, laptops, tablets, and smart home devices. This factor is likely to drive the growth of the market during the forecast period as well.

APAC exhibit the highest CAGR during the forecast period

The market in the APAC is expected to grow at the highest CAGR from 2022 to 2027. The growing focus on integrating artificial intelligence (AI) into industrial devices is expected to contribute to the growth of the voice recognition market for enterprise applications in the Asia Pacific during the forecast period. Additionally, the governments focus on bringing digitalization and technological innovations in industries is also expected to propel the growth of the market in the Asia Pacific.

Voice recognition to hold the higher CAGR during the forecast period.

Voice recognition is projected to grow at the highest CAGR during the forecast period Data security concerns due to cyberattacks, data breaches by intruders and issues related to illegal migrants are some of the major factors contributing to the higher growth rate of the market for voice recognition technology.

On-cloud segment is projected to dominate the speech and voice recognition market

The on-cloud segment is expected to account for a larger market share due to the ability of the cloud infrastructure to provide self-service applications at a minimal cost. The cloud-hosted deployment mode offers easy accessibility to data from anywhere at any time. Cloud-hosted speech and voice recognition solutions can also be easily integrated with the existing server, which operates on its physical hardware in minimal time.

The key players in this market are Apple (US), Microsoft (US), IBM (US), Alphabet (US), Amazon (US), Baidu (China), iFlytek (China) and SESTEK (Turkey), speak2web (US), and Verint (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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European Smart Home Market expected to reach $41.2 billion by 2027

According to a research report "European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027" published by MarketsandMarkets, the European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027. The key factors fueling the growth of this market include growing internet access in European region, rising need for energy saving and low-carbon emission-oriented solutions, increasing number of manufacturers expanding their smart home product portfolios, ongoing proliferation of smartphones, surging importance of home monitoring, and increasing safety, security, and convenience offered by smart home products are driving need for them.

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smart furniture is projected to grow at the fastest rate for European smart home market during the forecast period

Smart furniture, often referred to as the future of furniture, is considered a prominent aspect of home automation, thereby creating numerous market growth opportunities. Despite being in its nascent stage, the market has shown signs of wide-scale adoption. Smart furniture offers various benefits such as enabling wireless charging for smart devices, listening to the radio, news or recipe searching, internet browsing and calling, among others. Also, smart furniture enables monitoring of activities such as sitting or standing time and calories burnt by an inhabitant. This makes smart furniture far more advanced than conventional furniture. Continual technological advancements have resulted in incorporating features such as wireless smartphone charging, induction beverage warmer, and Bluetooth speakers integrated into single furniture, a factor further expected to strengthen the smart furniture market growth.

Proactive software for European smart home is expected to grow more than the behavioral software in the forecast period.

Proactive software and services facilitate the transmission of energy consumption data to end users and suggest the best possible actions to be taken after receiving this data. These software and services transfer a higher volume of data than behavioral software and services, as they can provide inputs to end users regarding effective energy consumption, along with required actions on the physical parameters to reduce this consumption. Algorithms associated with proactive software and services can also perform a comparative analysis of the energy usage patterns based on the time of the day, historical data, and weather conditions. These software and services are more beneficial than behavioral software and services as they can also send recommendation signals to end users to take necessary actions to reduce energy consumption. Based on the actions of users, measures to control electronic devices can be implemented. The bulk of proactive software is used for home security systems or detecting fire or water breaches. Europeans are increasingly embracing connected home technologies, with a strong emphasis on lowering energy costs through monitoring and application adaptation. Healthcare applications are also popular among Europes elderly population.

Germany is projected to grow at the fastest rate for European smart home market during the forecast period

Germany is the economic powerhouse of Europe and plays a crucial role in the European smart home market for smart lighting. German population prefers well-equipped smart homes. Moreover, in the next 4–5 years, the number of new households is expected to rise, which can offer potential opportunities for new and innovative lighting solutions. Currently, there is ongoing research on future lighting for smart homes in Germany. Germany is among the leaders in the European energy-efficient lighting industry, ahead of Italy and France. The smart home market is expected to witness significant growth in the coming years, with Germany being one of the global hotspots. Being an early adopter of new technologies, Germany continues to lead the smart home market in Europe.

Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden) are the key players in the European smart home market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

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