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Connected Home Devices Market to Expand at Growth Rate of ~ 12% CAGR from 2019 to 2027 to Reach US$ 157 Bn through 2027: Transparency Market ResearchALBANY, New York, Feb. 6, 2020 /PRNewswire/ -- The quick adoption of connected devices has equipped consumers with the ability to protect their homes from far off locations. It also helps to take absolute control of their home appliances through their tablets or smartphones. The bullishness in the global connected home devices market stems from the augmented penetration of next generation technologies in gadgets or devices that enable performance enhancement and superior connectivity. There are several factors triggering this adoption of connected smart home technology by the consumers; the sheer convenience of being connected to home even without being at home is of immense value to a millennial generation who value interaction, control, and freedom. As voice control and artificial intelligence (AI) technologies make rapid and considerable progress in their respective fields, the intelligent assistant has now come up as a viable control center for the connected homes. Both tech giants and startup makers have developed solutions utilizing both existing and new stand-alone devices.  Such market stimulants are estimated to propel the global connected home devices market to reach a value of ~ US$ 157 Bn through 2027 over the period of projection. The market is estimated to rise at a CAGR of ~ 12% from 2019 to 2027. Growing adoption and awareness about smart cities are aligned with the incorporation of internet of things (IoT) technology. This arrangement is generating a large platform for growth and development of highly advanced and intelligent ecosystems. Such technological integration can improve the energy efficiency of a city and boost overall safety and health of consumers simultaneously, opines TMR Download Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=70014 Key Findings of the Market Study
Explore 172 pages of in-depth research, granular insights, and a comprehensive country-level projections. Gain business intelligence on connected home devices market by Product: Lighting, Entertainment, Security Systems, and Smart Thermostats; Technology: Device-based, Mobile-based, and Hybrid from 2019 – 2027 at https://www.transparencymarketresearch.com/connected-home-devices-market.html Connected Home Devices Market: Key Driving Factors Artificial Intelligence is laying the cornerstone for the achievement of extraordinary feats across several end-use industries. Similar transformations pioneered by artificial intelligence are also observed across the landscape of connected home devices. Connected home devices enhanced with artificial intelligence provide convenience and superior traceability to better the way consumers deal with their day-to-day chores. This redefines the overall experience of connected home, which is likely to drive the global connected home devices market in the years to come. Another factor that propels the growth of the global connected home devices market is improved home security. Connected home technology is disrupting the conventional home security in an unprecedented way. The significance of safeguarding one's home together with all the priceless sentimental and monetary possessions is what consumers consider as extremely important. This aspect of enhanced security plays an important role in the development of the global connected home devices market in the years to come. Request a Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=70014 With the technological advancements picking up pace, the providers of connected home devices are able to augment the capabilities and offer diversification of their offerings to cater to the evolving needs of today's consumers. The ease of operability in the regulation of home appliances and other devices with a mere voice control technology has garnered the attention of market players. They are now moving toward the integration of this technology in the ecosystems of next generation connected home, which is likely to boost the global connected home devices market.
Key Impediments for Connected Home Devices Market Players According to the study, the key restraints hampering the market growth comprise:
Market: Region-wise Analysis
Analyze Connected Home Devices market growth in 30+ countries including Chile, China, Argentina, and Australia. Request a sample of the study. Competition Landscape The global connected home devices market is considered as a fragmented and competitive zone with the presence of several well-positioned players. Recent investments in internet of things by tech and retails giants like Apple, Google, Alibaba, and Amazon have transformed the landscape in an obvious way. This has given opportunities for all kinds of and all sized companies, but also resulted in the forced consolidation of the global connected home devices market. Key companies in the Connected Home Devices market include Siemens AG, Honeywell International Inc., Sony Corporation, Phillips N.V., Analog Devices, Inc., and General Electric Company. Connected Home Devices Market by Type
Connected Home Devices Market by Application
Connected Home Devices Market by Geography
Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry: Smart Home as a Service Market – The global smart home as a service market is forecast to reach US$10.9 bn by the end of 2025 which will exhibit an impressive CAGR of 18.1% between 2017 and 2025. Home Automation Market – The market for home automation is forecast to grow steadily to become US$ 116.26 Bn by 2026 from US$ 64.67 Bn in 2017, at a CAGR of 6.8%. Connected Building Market – Significantly increased demand for automation and cloud computing solutions such as Big Data, IoT, and data analytics is expected to drive the global connected building market in the near future. Smart Home Automation Market – Smart Home Automation Market study analyses the key trends, innovations, regulatory policies, and key strategies adopted by leading players in this evolving landscape Smart Home Appliances Market – The promise of added convenience when using these devices, the amount of time saved as compared to when manually operating them, and the reduction in power and energy achieved are some of the major factors leading to the increased popularity of smart home appliances on a global scale. Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions. About Transparency Market Research Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact SOURCE Transparency Market Research 
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