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IT Spending Market for Smart Homes to boost Network connectivity; IoT-enabled devices will lead market to grow at a CAGR of 18.13% during 2016-2020

10-14-2016 10:32 AM CET | IT, New Media & Software

Press release from: researchmoz.us

IT Spending Market for Smart Homes to boost Network

Smart home solutions require efficient networking infrastructure and hence, investments in upgrading and standardization of ICT infrastructure are rising at a high rate. Leading telecom service providers have tapped into the market to revamp the ICT infrastructure to boost connectivity. IT spending is increasing in wireless technologies to provide seamless connectivity for IoT--enabled smart home appliances. IoT--enabled devices and systems need to communicate with each other in real-time to successfully implement smart home solutions. A standard mobile platform is required to run IoT--enabled applications. We note that the IoT framework has disrupted the market for home appliance systems to a significant extent.

The global IT spending in smart home market to grow at a CAGR of 18.13% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global IT spending in smart home market for 2016-2020. To calculate the market size, the report considers the revenue generated from B2B sales of IT solutions such as hardware, software, and IT services.

Get a Sample Research PDF with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=825414

Technavio's report, Global IT Spending in Smart Home Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Cisco
- Honeywell International
- Intel
- Schneider Electric
- Verizon Communications

Other prominent vendors
- Accenture
- Alcatel Lucent
- Amazon Web Services
- ARM Holdings
- Dell
- Ericsson
- GE
- Google
- Huawei
- Infosys
- Microsoft
- Oracle
- Qualcomm
- Telefonica

Browse more details at: http://www.researchmoz.us/global-it-spending-market-for-smart-homes-2016-2020-report.html

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

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