2020 Impact Of Covid-19 On The Single-Family Smart Homes Market Growth And Trends

 The Business Research Company’s latest report Single-Family Smart Homes Global Market Report 2020 covers Single-Family Smart Homes market drivers, Single-Family Smart Homes market trends, Single-Family Smart Homes market segments, Single-Family Smart Homes market growth rate, Single-Family Smart Homes market major players, and Single-Family Smart Homes market size. The report provides in-depth analysis of the impact of COVID-19 on the Single-Family Smart Homes industry, along with revised market numbers due to the effects of the coronavirus.

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Single-Family Smart Homes Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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 The global single-family smart homes market is expected to decline from $63.4 billion in 2019 to $60.8 billion in 2020 at a compound annual growth rate (CAGR) of -4.24%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The entire supply chain from production to international trade has been impacted. The market is then expected to recover and reach $104.20 billion in 2023 at a CAGR of 19.7%.

The report covers the Single-Family Smart Homes market’s segments-

1) By Product: Smart Lighting, Entertainment, Smart Appliances, Others
2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others

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