According to the research report titled ‘Middle East Smart Homes Market Analysis, 2021’, available with Market Study Report, Middle East smart homes market is expected to register 24% CAGR over 2021-2026.
 

Extensive investments by consumers on smart home systems, inundation of residential developments, along with escalating urbanization are catalyzing the growth of Middle East smart homes market. Increasing awareness of technologies like AI, IoT, and 5G is also propelling the market outlook.
 

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Growing demand for real-time home security, coupled with incorporation of energy-saving devices like smart bulbs, thermostats, and smart outlets will further augment the market share over the forecast period.
 

On the contrary, COVID-19 pandemic has impacted the consumers’ priority of spending in smart home devices, which is restraining the growth of Middle East smart homes industry.
 

Based on technology, the market is divided into protocols & standards, wireless communication technologies, and cellular network technologies.
 

Speaking of software & service, Middle East smart homes market is bifurcated into proactive, and behavioral. The report cites that proactive software & services segment secured a significant market share in 2019, as it helps in transferring large volume of data. It also monitors energy consumption and enables the customer to reduce energy consumption by sending signals.
 

In terms of product type, the market is bifurcated into HVAC control, smart furniture, smart kitchen, smart lighting control, entertainment controls, security & access control, smart home appliances, and others, including smoke detectors, smart meters and smart plugs.
 

Moreover, various countries considered in Middle East smart homes industry report are Turkey, Egypt, Israel, Qatar, Kuwait, Bahrain, Oman, Saudi Arabia, UAE, and others.
 

The competitive landscape of the marketplace is defined by companies such as LG Electronics Inc., ABB Ltd., Legrand S.A., Robert Bosch GmbH, Haier Group Corporation, United Technologies Corporation, Samsung Electronics Co. Ltd., Schneider Electric SE, Siemens AG, Crestron Electronics Inc., Johnson Controls International plc, Honeywell International Inc., Emerson Electric Co., and Lutron Electronics among others.