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Global Smart Connected Washing Machine Market Worth 7.68% by 2020 - Increased Use of Wireless Connecting Devices & IoT - Research and MarketsDUBLIN, May 24, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Smart Connected Washing Machine Market 2016-2020" report to their offering. The report forecasts the Global Smart Connected Washing Machine Market to grow at a CAGR of 7.68% during the period 2016-2020. An important trend which is bound to have a huge impact is rapid technological advancement. In today's fast moving and rapidly evolving lifestyles, the need for convenience is one of the most important factors that necessitates the development of products that can reduce manual labor. To cater to this growing demand for convenient products, marketers are focusing on the rapidly advancing technologies to develop smart appliances like smart connected washing machines. Samsung launched its AddWash front load washing machine in 2016, which provides an option of adding laundry in the middle of a wash cycle through an access door. Amazon introduced Dash Replenishment in 2015, a program that works with connected devices. Further, the report states that one challenge that could restrict market growth is the high cost of smart connected washing machines. Key vendors:
Key Topics Covered: PART 02: Scope of the report Media Contact: Research and Markets To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smart-connected-washing-machine-market-worth-768-by-2020---increased-use-of-wireless-connecting-devices--iot---research-and-markets-300274148.html SOURCE Research and Markets |