Smart Cities and Government Initiatives: Countries Getting Future Proof
Governments across the GCC are taking initiatives to build Smart Cities using energy-efficient infrastructure and the possibilities for collecting big data and optimizing the efficacy of the Smart City System. Key to these endeavors will be Smart Homes, where the main focus will be Smart Lighting and Smart HVAC systems. Growth in these segments is projected to be very high because of this possible demand. Major Real estate developers are also partnering with IT firms to create apartments and villas compliant with the smart city initiatives of various governments. Emaar group and Xiaomi are a notable partnership where the Chinese giant’s smart technology will be a part of the Emaar group’s new residential real estate construction in the UAE.
5G and the Era of Efficient Smart Home Devices
Smart Home devices have witnessed a stigma that has turned off many potential users, in that addition of so many devices on the home internet network will lead to slow browsing for the users and inefficient communication for smart devices. 5G services and the higher the bandwidth of data transmission speed they will offer showcases potential for efficient and non-disruptive data communication for smart devices and users on the network itself. 5G and Cellular IoT services will help improve data transmission speeds between devices while allowing the devices to consumer lower energy and thus become more energy efficient. Brands like STC, du, Etisalat and others have launched 5G services across the GCC and leave an open opportunity for partnerships and creating devices that leverage the speed that 5G networks can offer, thus expanding the scope for Smart Homes in the Future.
The Pandemic and the Slowdown on Global Economies
The novel Coronavirus pandemic has affected all major industries by slowing down supply chains, limiting retail interaction and slowing down even online end to end delivers for non-essential purchasing. Smart Home and IT firms have also taken hits, with production lines slowing down and customer purchases decreasing. Saudi Arabia and the UAE are severely impacted as compared to other GCC members, with 4500+ and 4000+ infected cases in each country respectively. During these difficult times, Smart Devices can be leveraged to share important information and measure essential vitals for their users. Smart speakers and phones can be updated to passively collect, analyze and transmit health information to local health authorities. Smart Speakers can also be used to analyze speech and cough patterns and present the user with a symptom survey then connect the patent to the nearest government help center if required.
The report titled “GCC Smart Homes Market Outlook to 2025 Driven by Need for Energy Savings and Growing Preference towards Smart Entertainment Systems by Ken Research Suggest that the adoption for smart home devices in the GCC is expected to increase owing to the introduction of 5G, Growing Number of Smart City projects and increasing technological penetration. The market has however, taken a hit due to coronavirus which has affected the major manufacturing hubs across the globe and it is expected that the impact of the coronavirus is going to last until mid of 2021.
Key Segments Covered: -
GCC Smart Home Market
By Country
UAE
Saudi Arabia
Qatar
Kuwait
Oman
Bahrain
By Application
Lighting
HVAC
Security & Access Control
Entertainment System
Others
By Connection
Wired Connection
Wireless Connection
UAE Smart Home Market
By Application
Lighting
HVAC
Security & Access Control
Entertainment System
Others
By Cities
Dubai
Abu Dhabi
Sharjah
Rest of UAE
By Property
Villas
Townhouses
Apartments
By Type of Sales
Retail Sales
Project Sales
By End Users
Real Estate Developers
Integrator Firms
Individuals
Others
Saudi Arabia Smart Home Market
By Application
Lighting
HVAC
Security & Access Control
Entertainment System
Others
By Cities
Riyadh
Jeddah
Dammam
Rest of Saudi Arabia
By Property
Villas
Townhouses
Apartments
By Type of Sales
Retail Sales
Project Sales
By End Users
Real Estate Developers
Integrator Firms
Individuals
Others
Companies Covered:
Control4
Legrand
Johnson Controls
Schneider Electric
Emerson
LG
Siemens
Greentec Automation
Shifra Smart Home
Apex Smart Home
Alayoubi Technologies
Elettrico
Dots Tech Systems
Fast Net
Exotic International
Key Target Audience
Smart Home Integrators
Real Estate Developers
Smart Home Manufacturers
Home Automation Companies
Venture Capitalists and PE Firms
Time Period Captured in the Report: -
Historical Period – 2014-2019
Forecast Period – 2020-2024F
Key Topics Covered in the Report: -
Industry Pain Points
Potential Addressable Market
GCC Smart Home Market Size and Segmentation
UAE Smart Home Market Snapshot
Saudi Arabia Smart Home Market Snapshot
Trends and Developments in GCC market
Supply Infrastructure – Ecosystem for Types of Types of Smart Devices
Demand Infrastructure – Ecosystem for Types of End Users
Market Operation, Challenges and Modes of Entry
Technology Stack: Layers of Technology Used in Smart Devices
Competitive Landscape
Company Profiles
Future Landscape of the GCC Smart Home Market
Analyst Recommendation: Future Opportunities
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing and Communications
+91-9015378249
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