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In: Operations Management

Who are the top 3 key players in the smart home market and why?

Who are the top 3 key players in the smart home market and why?

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Expert Solution

Top key players in smart home markets are as follows :

Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany). A few of the major strategies adopted by these players to compete in the market include product launches and developments, partnerships, and mergers and acquisitions.

Increasing adoption of entertainment and other control systems, lighting control solutions, smart speakers, and home system appliances driving the growth of the market for smart home market.

Other players operating in the smart home market are as follows:

  1. Alphabet Inc
  2. Allegion Plc
  3. Amazon.com Inc
  4. Apple Inc.
  5. ASSA ABLOY AB
  6. General Electric Co.
  7. Honeywell International Inc.
  8. Panasonic Corp.
  9. Samsung Electronics Co Ltd.
  10. Schneider Electric S

These above players have adopted product developments system and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home market.

keosha answered 1 month ago
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