Connected Home Devices Market Endow Home Owners Personalized Automation Experiences, Integration with IoT and AI Key Piv TMR
Connected Home Devices Market: Key Driving Factors and Promising AvenuesGrowing role of automation in home devices for a smart living is a key pivot on which the connected home devices market is expected to evolve. Integration of IoT and AI are charting new growth avenues for connected home devices manufacturers. Better connectivity with entertainment and lighting devices impart new level of convenience to end users. Case in point is technology-enabled smart television sets. Attractive technological strides in the market pertain to hybrid devices in recent years, opening new revenue streams. Increasing preference toward automation through cloud computing is boosting the prospects. This gives access to real-time information, facilitating better integration possibilities in the connected home devices market. Growing popularity of mobile-based applications is attractive prospective consumers to demand new devices. Focus on improving energy security has accelerated the pace of new technology developments in the connected home devices market.
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Connected Home Devices Market: Regional Landscape
Regionally, Asia Pacific is estimated to offer sizable revenue share to connected home devices market. The regional market is characterized by high intensity of competition, driven in large extent by the vast uptake of smart technology-enabled devices among residential users. Growing popularity of smart hub devices is attracting new entrants in the regional market.
North America is also a prominent market. Its revenue potential has been fuelled by growing investments in the region by some of the top players. A vast appetite is also driving adoption of new technologies in the regional population.
Analyze global connected home devices market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Connected Home Devices Market: Competitive Landscape
Security vulnerabilities dampen the adoption rate of connected home devices. Hence, it is imperative that manufacturers focus on reducing the possibilities of security breaches, mainly through integrating their offering with better cybersecurity protocols.
Some of the top players in the connected home devices market are focusing on strategic expansion to tap into revenue streams in untapped regional markets. Most players consider focusing on hybrid devices in Asia Pacific. Several players are mulling leveraging the potential of partnerships to offer innovative devices.
Some of the top players in the connected home devices market are leaning on ensuring a personalized experience to spur higher uptake of connected home devices in smart cities.
The Connected Home Devices market is segmented based on:
ProductLighting Entertainment Security Systems Smart Thermostats
TechnologyDevice-based Mobile-based Hybrid
RegionNorth America US CanadaEurope Germany France Italy Spain U.K. Rest of Europe Middle East and AfricaGCC Countries South Africa Rest of Middle East & Africa Asia Pacific China Japan India Australia & New Zealand Rest of Asia PacificLatin America Brazil Mexico Rest of Latin America
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