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Smart Home Devices Market Set to Hit USD 455.06 Billion by 2030, Expanding at a 23.21% CAGR, Driven by Rising Adoption of Internet of Things (IoT) Devices, Forecasts Kings Research

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DUBAI, UAE, Feb. 6, 2024 /PRNewswire/ — As per the recent report released by Kings Research, the global Smart Home Devices Market valuation was recorded at USD 86.27 billion in 2022 and is estimated to reach USD 455.06 billion by the year 2030, depicting a 23.21% CAGR through the forecast period of 2023-2030. Major factors propelling the market growth include increasing connectivity and proliferation of IoT devices. With the growing prevalence of Internet-connected devices, consumers can remotely monitor and control their homes, providing enhanced energy efficiency and convenience.

Smart home devices refer to devices connected to the Internet that can be controlled using smartphones or other smart devices via remote access. These devices improve a home’s safety, convenience, and energy efficiency. The devices used in smart homes include a wide spectrum of products, such as door locks, security cameras, thermostats, lighting systems, kitchen appliances, entertainment systems, and more.
Request Sample PDF of the Report: https://www.kingsresearch.com/request-sample/smart-home-devices-market-451 
Trending Now: Amazon’s Alexa App’s Map View Offers an Enhanced Experience for Smart Homes
E-commerce giant Amazon’s Alexa app launched a new user interface called Map View in November 2023, which allows users to create a digital version of their home’s floor plan and pin Alexa-connected devices to each room. It allows users to check device status, control lights, adjust thermostats, and more from the app. The interface is first available in the Alexa mobile app and will be available on the new Echo Hub smart home controller in early 2024.
Map View is compatible with a wide range of Alexa-connected devices, such as lights, smart plugs, thermostats, cameras, and Echo devices. Users can easily control and monitor their devices, adjusting brightness, turning them on/off, managing thermostats, adjusting Echo volume, and viewing live camera feeds on the map.
Competitive Landscape
Key leaders in the smart home devices market are focusing on critical business strategies, including product innovations, partnerships, mergers & acquisitions, and joint ventures, to broaden their product offerings and expand their respective market shares across various regions. For instance, in October 2022, Walmart, a leading global retailer, and electronics company Roku, Inc., launched a new line of smart home products, encompassing security cameras, lighting, video doorbells, plugs, and more. This addition to Roku’s product portfolio provides a wide range of simple and affordable smart home devices
The prominent players profiled in the smart home devices market include:
Roku, Inc.Amazon.com, Inc.SiemensHoneywell International Inc.LegrandGoogle LLCRobert Bosch GmbHLG Electronics, Inc.SAMSUNGABBInquire Before Buying This Report: https://www.kingsresearch.com/enquiry/smart-home-devices-market-451 
Rising Application of Wireless Devices to Augment Smart Home Devices Market Growth
Based on protocols, the market for smart home devices is bifurcated into hybrid, wired, and wireless.
The wireless segment led the global smart home devices industry in 2022 and is set to witness considerable growth over the review period of 2023-2030. The rapid emergence of the Internet and rising penetration of smart connected devices are boosting the adoption of wireless protocols.
These devices are easy to use, install, and manage, offering remote access for monitoring and control. Smart home devices provide cost-effective and easy-to-upgrade solutions that enhance flexibility, speed, and efficiency. The surging popularity can be attributed to advanced communication protocols such as ZigBee, Wi-Fi, Bluetooth, and Z-Wave. These protocols enable seamless communication across locations and offer diverse capabilities, including mobile connectivity.
Increasing Demand for Security and Access Control Products to Spur Smart Home Devices Market Development
Based on product, the smart home devices market is divided into security and access control, media and entertainment, HVAC control, lighting control, and others.
The security and access control segment dominated the smart home devices industry in 2022 and is likely to observe notable growth through the assessment period from 2023 to 2030. The segmental growth is attributed to the rising demand for smart security solutions and the need to provide authorized access in order to keep areas safe. Smart locks and security cameras, equipped with advanced features such as personalized PINs, live stream playback, and fingerprint sensors, offer valuable assistance in monitoring homes.
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Surging Need for Remote Monitoring of Homes to Drive Smart Home Devices Market Progress
The smart home devices market is advancing at a steady pace due to the rise in the adoption of the Internet of Things (IoT) devices. With greater connectivity, consumers can now easily monitor and control their homes from anywhere, offering convenience and energy savings. Additionally, the rise in Internet users, the adoption of smart devices, and changing customer preferences for security systems, voice technology, and video doorbells are fueling market growth. Smart homes have surged in popularity due to technological advancements in image sensors with improved sensitivity and noise reduction. With superior accessibility, smart homes are now appealing to a wider audience while offering convenience and promoting energy savings.
Widespread Adoption of IoT Devices in North America to Support Smart Home Devices Market Advancements
North America led the global smart home devices market in 2022, bolstered by the widespread adoption of IoT devices across industries such as security, healthcare, and energy management. The rise in connectivity, automation, data exchange, integration, remote access control, and the introduction of new applications are foreseen to aid regional market growth through the forecast period. As IoT technology advances and gains popularity, the demand for smart home devices is expected to rise, presenting opportunities for innovation and progress in the smart home sector.
For more information on the report, visit: https://www.kingsresearch.com/smart-home-devices-market-451
Key Points from TOC:
1 Introduction of The Global Smart Home Devices Market 1.1 Market Definition1.2 Market Segmentation1.3 Research Timelines1.4 Limitations1.5 Assumptions
2 Executive Summary
3 Research Methodology3.1 Data Collection3.1.1 Secondary Sources3.1.2 Primary Sources3.1.3 Research Flow3.2 Subject Matter Expert Advice3.3 Quality Check3.4 Final Review3.5 Bottom-Up Approach3.6 Top-down Approach
4 Global Smart Home Devices Market Outlook4.1 Market Evolution4.2 Overview4.3 Market Dynamics4.4 Pricing Analysis4.5 Porter’s Five Forces Analysis4.6 Value Chain Analysis4.7 Macroeconomic Analysis
5 Impact of Russia-Ukraine War
6 Global Smart Home Devices Market, By Product7 Global Smart Home Devices Market, By Protocols8 Global Smart Home Devices Market, By Sales Channel9 Global Smart Home Devices Market, By Geography10 North America 11 Europe 12 Asia Pacific 13 Middle East & Africa 14 Latin America 
15 Global Smart Home Devices Market Competitive Landscape15.1 Overview15.2 Key Developments15.3 Key Strategic Developments15.4 Company Market Ranking15.5 Regional Footprint15.6 Industry Footprint
16 Company Profiles16.1 Roku, Inc. 16.1.1 Key Facts16.1.2 Financial Overview16.1.3 Type Benchmarking16.1.4 Recent Developments16.1.5 Winning Imperatives16.1.6 Current Focus & Strategies16.1.7 Threat from competition16.1.8 SWOT Analysis
16.2 Amazon.com, Inc. 16.2.1 Key Facts16.2.2 Financial Overview16.2.3 Type Benchmarking16.2.4 Recent Developments16.2.5 Winning Imperatives16.2.6 Current Focus & Strategies16.2.7 Threat from competition16.2.8 SWOT Analysis
16.3 Siemens16.3.1 Key Facts16.3.2 Financial Overview16.3.3 Type Benchmarking16.3.4 Recent Developments16.3.5 Winning Imperatives16.3.6 Current Focus & Strategies16.3.7 Threat from competition16.3.8 SWOT Analysis
16.4 Honeywell International Inc.16.4.1 Key Facts16.4.2 Financial Overview16.4.3 Type Benchmarking16.4.4 Recent Developments16.4.5 Winning Imperatives16.4.6 Current Focus & Strategies16.4.7 Threat from competition16.4.8 SWOT AnalysisContinued………
Browse Complete TOC: https://www.kingsresearch.com/toc/smart-home-devices-market-451 
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About Us:
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
Contact UsKings ResearchPhone: (+1) 888 328 2189E-mail: [email protected]: https://www.kingsresearch.comBlog: https://www.kingsresearch.com/blogFollow Us: LinkedIn | Facebook | Twitter

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Two thirds of PR Pros can’t prove their work helps their business or client: CoverageBook

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Just 1 in 3 PRs track the commercial impact of their work – while 66% are focused on driving high volumes of coverage31% of PRs have seen budgets cut in the last year, but a staggering 50% of those respondents believe this would have been less likely if they could better prove commercial relevanceNew free tool ‘CoverageImpact’ helps PRs prove the value of their work and bridge this disconnectLONDON, Feb. 22, 2024 /PRNewswire/ — PR may talk the talk when it comes to boardroom relevance, but it’s failing to walk the walk. New research from CoverageBook, the leading PR industry reporting platform, shows that just one third of PR pros align their activity with commercial goals. The survey of over 350 senior PR and marketing professionals reveals a significant disconnect between how the PR industry measures and reports on activity and what senior leaders and budget holders expect to see. 

This research comes at a time when clients are putting increased scrutiny on PR teams to demonstrate impact. While the industry is finally putting outdated metrics like AVE (used by just 7% of respondents) to bed – there’s no consensus on how to prove the value of PR and communications.
To help build that consensus and allow every PR to prove the value of their work, CoverageBook is launching CoverageImpact, a revolutionary free tool designed to simplify PR reporting and impact measurement. The tool aims to bridge the gap between PR professionals’ activities and their clients’ commercial goals, ensuring that there’s no disconnect between agency and client or within a business.
This is particularly important as less than half of PR professionals currently consider new biz and sales when measuring the impact of their work – just 41% of UK respondents and 34% of US respondents take the new business/sales pipeline into account. These numbers drop significantly when asked about investment generation – 14% of UK respondents and 13% of US respondents. 
So what are they measuring? Well unsurprisingly, the focus is on outputs and audience, with 96% citing target audience as a key measurement criteria and 66% high volumes of coverage. 
Lack of commercial proof has a financial impact
The result of all this lack of commercial certainty? Unfortunately, it’s budget cuts. When asked about their 2023 budgets, 31% of all respondents said they had seen cuts (33% agencies, and 22% in-house).
Unsurprisingly, 50% of those respondents believe this would have been less likely if they could better prove commercial relevance. Breaking that figure down clearly shows the correlation between impact proof and budget decisions, with 75% of agency respondents and 25% of in-house respondents in the UK agreeing with that statement, alongside 79% of agency respondents and 21% of in-house respondents in the USA. 
Commenting on the findings, Alastair McCapra, CIPR CEO said: “These findings show how PR practitioners are putting more time into measurement and evaluation, but the lack of a common approach is costing us credibility. With one in three PR budgets being cut and a sluggish economy, we need to be more effective than ever in telling our story, and communicating the impact and value of our work.” 
When asked about the biggest challenges they face in measurement, 54% of all respondents cited a lack of a universal measurement framework, while 52% mentioned a lack of measurement tools. These findings underscore the urgent need for tools that simplify measurement and reporting, making it easier for PR professionals to demonstrate the value of their work.
Introducing CoverageImpact
CoverageImpact, developed by the creators of CoverageBook and Answer The Public, offers a simple solution for turning coverage tracker spreadsheets into visually appealing ‘coverage over time’ graphics. With CoverageImpact, users can easily add impact data to their reports without the need for complex pivot tables or data visualisation skills. The tool is compatible with popular PR tools such as Excel, Google Sheets, Cision, MuckRack, TalkWalker, Meltwater, and CoverageBook, making it accessible to PR professionals worldwide.
“The truth is everybody needs to level up on telling the story of their impact; how their work correlates to organisational impact – the stuff leadership and boards actually care about. We know this is happening in small pockets, there are some case studies of PR measurement already,” said Gary Preston, CEO & Co Founder at CoverageBook. “But only a few can afford dedicated teams with Python, Excel & Data viz skills to do the job. Our aim is to democratise PR measurement for everyone to start having credible impact stories.”
In addition to simplifying reporting, the tool is designed to help PR practitioners start credible conversations with senior business leaders and budget holders, create graphs that support strategic decision-making, and save time in generating reports.
To try out CoverageImpact, visit – https://coverageimpact.com/ 

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Travel and Expense Management Software Market Size to Grow USD 15.7 Billion by 2032 at a CAGR of 18.3% | Valuates Reports

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BANGALORE, India, Feb. 22, 2024 /PRNewswire/ — Travel and Expense Management Software Market Size, Share, Competitive Landscape and Trend Analysis Report by Deployment Type (On-premise, Cloud), by Organization Size (Large Enterprises, Small and Medium-sized Enterprises), by Industry Vertical (IT and Telecom, BFSI, Manufacturing, Public Sector, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

The global travel and expense management software market was valued at USD 3 Billion in 2022, and is projected to reach USD 15.7 Billion by 2032, growing at a CAGR of 18.3% from 2023 to 2032.
Claim Your Free Sample Now: https://reports.valuates.com/request/sample/ALLI-Manu-0L95/Travel_and_Expense_Management_Software_Market 
Major Factors Driving the Growth of Travel and Expense Management Software Market
The market for travel and expenditure management software is expanding due in large part to companies’ growing use of digital solutions to automate and streamline their travel and expense management procedures, which boost productivity and cut expenses. Further propelling the market development are the growing requirement for real-time visibility and control over spending, the necessity of regulatory compliance, and the increasing globalization of companies. Additionally, the incorporation of cutting-edge technologies like artificial intelligence (AI), machine learning, and data analytics into these software programmes is propelling market expansion by providing improved user experiences, predictive capabilities, and insights.
Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/ALLI-Manu-0L95/travel-and-expense-management-software 
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET:
The global increase in corporate travel activities is a major factor driving the growth of the travel and expense management software market. Businesses are sending more staff on business trips, conferences, and customer meetings as a result of globalization and growing corporate operations. Organizations are adopting travel and expenditure management software solutions to simplify procedures, track spending in real-time, and guarantee compliance with corporate regulations as a result of the spike in corporate travel, which makes effective administration of travel expenses necessary.
Businesses in a variety of sectors are looking for solutions to streamline and automate their spending and travel management procedures in order to increase productivity and cut expenses. Travel & Expense Management Software reduces mistakes and eliminates human data entry duties with features including automatic receipt scanning, automated expense report production, and connectivity with accounting systems.
Accurate tracking and reporting of travel costs is mandated by strict business rules and regulatory regulations. Through the use of travel and expense management software, businesses may make sure that workers follow company policy on spending limits, prompt approval of charges, and tax compliance. The capacity of these software solutions to uphold compliance requirements and enforce policy adherence is what propels their acceptance by companies of all sizes.
Having real-time insight into spending trends and travel expenditures is essential for efficient money management and budgetary selection. Travel and Expense Management Software gives businesses centralized platforms to manage expenditure, keep an eye on bills, and instantly analyze spending patterns. The demand is driven by this real-time insight, which enables firms to find cost-saving possibilities, make educated decisions, and reduce financial risks.
Travel and expense management software is starting to need integration capabilities with current business systems, such as ERP (business Resource Planning) and HR (Human Resources) systems. Processes are streamlined, data accuracy is improved, and data synchronization across various business operations is made possible through seamless integration. Adoption of software solutions with strong integration capabilities is fueled by organizations’ preference for integrated solutions that can combine travel and cost data with other financial and operational data.
The importance of data analytics and reporting tools in travel and expense management software is growing. Companies need to know about vendor performance, policy compliance, and travel expenditure trends in order to drive strategic decision-making and maximize costs. Organizations are able to get meaningful insights from travel and spending data by utilizing advanced analytics tools that are integrated into these software packages. These tools include predictive analytics, data visualization capabilities, and customisable reporting dashboards.
The increasing popularity of cloud-based travel and expense management software can be attributed to advantages including cost-effectiveness, scalability, and flexibility. By doing away with the requirement for on-premises infrastructure, cloud-based solutions enable businesses to access software from any place or device that has an internet connection. Small and medium-sized businesses (SMEs) find cloud-based solutions especially appealing due to their scalability and accessibility.
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TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET SHARE ANALYSIS
In 2022, the market was led by the cloud segment based on deployment mode. This may be ascribed to the rise in developments in cloud-based infrastructure, as cloud technology offers a number of advantages including easy access to diverse apps from far-off locations, virtual reservations, and other creative solutions.
In 2022, the travel and expenditure management software market was dominated by North America. This is explained by the region’s rapid adoption of cloud-based technology. On the other hand, the Asia-Pacific area is growing faster. This is explained by the rise in small-, medium-, and large-scale technological companies in the area.
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Key Players:
AvidXchange IncorporatedORACLE CORPORATIONKDSInterplx IncApptricity Corp.ExpensifyTripActionsSAP ConcurCoupa Software Inc8commonPurchase Chapters:
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Automating Efficiency: Saudi Arabia Warehouse Automation Market Gears Up for 14.2% CAGR, Driven by E-commerce Boom and Vision 2030: Ken Research

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GURUGRAM, India, Feb. 22, 2024 /PRNewswire/ — The Kingdom of Saudi Arabia’s warehouse automation market is on a trajectory for exponential growth, fueled by a surging e-commerce sector and ambitious national goals outlined in Vision 2030. Ken Research’s comprehensive report, Saudi Arabia Warehouse Automation Market Outlook to 2028: Automating the Path to Progress, sheds light on this dynamic market, poised for a remarkable 14.2% CAGR in the coming years. This press release summarizes the key findings and offers valuable insights for investors, logistics companies, and technology providers seeking to capitalize on this flourishing landscape. 

Market Overview: 
Several key factors are propelling the Saudi Arabian warehouse automation market towards a bright future: 
E-commerce Boom: The exponential growth of e-commerce is driving demand for efficient and high-throughput warehouse operations, necessitating automation solutions. Vision 2030: The government’s ambitious Vision 2030 plan emphasizes logistics sector development, creating a conducive environment for automation adoption. Rising Labor Costs: Increasing labor costs are prompting companies to seek automation solutions for cost-efficiency and productivity gains. Increased Demand for Storage: Growing population and economic diversification are leading to higher storage requirements, making automation crucial for efficient space utilization. Interested to Know More about this Report, Request a Free Sample Report
Segmentation Spotlight: 
Ken Research provides a detailed segmentation of the market, allowing you to pinpoint your target audience effectively: 
By Technology: Automated Storage and Retrieval Systems (ASRS) dominate the market, followed by Automated Guided Vehicles (AGVs) and robots. By Application: E-commerce and retail sectors are the primary adopters, followed by manufacturing, healthcare, and automotive industries. By Solution Provider: Global players like Honeywell, Siemens, and Vanderlande compete alongside regional players like Fawaz Refrigeration and Nesma & Partners Contracting Company. Competitive Landscape: 
The market features a mix of established players and emerging entrants: 
Global players: Honeywell, Siemens, Vanderlande, Swisslog, and Knapp. Regional players: Fawaz Refrigeration, Nesma & Partners Contracting Company, Abdullah Hashim Abunayyan Trading Company, and Al-Obeikan Group. Start-ups: Innovative start-ups are offering customized and cost-effective automation solutions. Recent Developments: 
Investment in automation: Major logistics companies and government entities are investing heavily in warehouse automation solutions. Focus on cloud-based solutions: Cloud-based warehouse management systems (WMS) are gaining traction for improved scalability and flexibility. Adoption of collaborative robots (cobots): Cobots are increasingly used for tasks requiring human-robot collaboration. Visit this Link :- Request for custom report
Future Outlook: 
The Saudi Arabian warehouse automation market is expected to witness exciting developments in the coming years: 
Growing demand for advanced technologies: Technologies like artificial intelligence (AI) and machine learning (ML) will be integrated for optimized operations. Rise of integrated solutions: Integrated automation solutions encompassing hardware, software, and services will gain popularity. Focus on sustainability: Environmentally friendly automation solutions will be increasingly sought after. Challenges to Address: 
Despite its promising future, the market faces some hurdles: 
High initial investment costs: The upfront costs of automation implementation can be a barrier for some companies. Lack of skilled workforce: Training and upskilling the workforce to operate and maintain automated systems is crucial. Data security concerns: Addressing data security concerns associated with connected automation systems is essential. Why This Report Matters: 
This report empowers various stakeholders to navigate the Saudi Arabian warehouse automation market: 
Investors: Identify lucrative investment opportunities across different technologies and segments. Logistics companies: Gain insights into emerging trends, optimize their operations, and improve efficiency. Technology providers: Tailor their offerings to meet specific market needs and expand their reach. Government entities: Formulate policies that support market growth and achieve Vision 2030 goals. Request free 30 minutes analyst call
Taxonomy
By Product Category
Semi-AutomatedFully AutomatedBy Product Component
Conveyor System/ Sortation SystemAutomated Storage & Retrieval SystemWarehouse Management SystemAMR/AGVOthers (Pick-to-Light and Put-to-Light Systems and automated packaging: wedging, volume reduction, personalization and more)Automatic Identification and Data Capture (AIDC)By Automated Technology
HardwareSoftwareBy End-User
E-CommerceRetail (Supermarkets, Hypermarket, Consumer Durables & More)3PL/LogisticsOthers (Health & Beauty, Pharma, Furnishing)For More Insights On Market Intelligence, Refer To The Link Below: –
Saudi Arabia Warehouse Automation Market
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South Korea Warehouse Automation Market Outlook to 2027 Driven By increasing demand from end-user industries and factors such as increasing labor cost and labor shortage in the country
According to Ken Research estimates, the Market Size of South Korea Warehousing has shown increasing trend from 2019 to 2022. South Korea’s strategic location as a gateway between Europe, Asia, and Africa makes it an attractive hub for trade. The country has been actively promoting foreign trade and industrialization, attracting international companies to set up manufacturing facilities and distribution centers. This leads to an increased demand for warehousing services to support import, export, and local supply chains.
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