Press release
Smart Homes Market - Directly Related to Rising Internet Penetration Worldwide
The global smart home market is poised to surge exponentially in the coming years. Besides the rising disposable income of consumers, the market will highly benefit from the increasing internet penetration worldwide. Furthermore, the recent advancements in the Internet of Things (IoT) that resulted in price drops of processors and sensors will encourage manufacturers to promote automation in the household sector. In the last few years, the world witnessed extensive rise in Wi-Fi access facilitated by growth in IoT services. As these devices operate through wireless connectivity, the smart home market will be considerably facilitated by the introduction of high-speed internet.Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=163
Besides these, the demand for smart home appliances will gain pace, as consumers realize the importance as well as benefits of installing energy-efficient products at home. For instance, consumers can decrease usage of energy by means of temperature settings and by scheduling programmable thermostats. Smart thermostats that are linked to home Wi-Fi networks comes with easy to use applications and can be controlled remotely. Despite these advantages, the continuing threat of security breaches on cloud is a key challenge for the market.
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The global smart home market based on application is segmented into lighting control, security and access control, HVAC control, entertainment control, and others. Among these segments, HVAC control accounted for the highest share of27.2% in the market in 2016. Need for energy efficient devices and the rising demand for optimizing the use of energy are the factors fuelling the demand of HVAC control systems in the global smart home market during the forecast period.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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