As per Transparency Market Research (TMR), the degree of competition witnessed in the smart home market will remain medium in the long term. A new study by TMR, have held the concentration of industries in the global smart home market responsible for the prevailing competitive forces. While it makes consolidation of shares a challenge for the manufacturers, it definitely does not shy them away from toying with novel strategies. In the forthcoming years, manufacturers are likely to introduce several new avenues for value-added services. Besides this, their focus towards product-differentiation will aid in the market’s growth as well. With companies such as Honeywell International, Inc., Siemens AG, Schneider Electric SE, ABB Ltd, and Johnson Controls, Inc., offering tailor-made smart home solution catering to specific consumer segments, the market is likely to report strong growth in the coming years. As per TMR, the global smart home market will exhibit a CAGR of 14.6% between 2...