The connected home market refers to the market for products and services that enable homes to be connected to the internet and controlled remotely via smart devices. These products and services include smart thermostats, smart lighting, smart security systems, and smart home appliances, among others.
One of the main drivers of the connected home market is the increasing spread of the Internet of Things (IoT). The IoT refers to the networking of devices such as B. intelligent devices that are able to communicate with each other and exchange data via the Internet. The proliferation of IoT has enabled homes to be connected to the internet and controlled remotely via smart devices, which in turn has fueled the growth of the connected home market.
Other factors contributing to the growth of the connected home market are the increasing demand for energy efficiency, the increasing focus on home security and the growing trend towards home automation. As more people seek to automate their homes and make them more energy efficient, the demand for connected home products and services is likely to continue to grow.
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In this analytical research report entitled “Connected Homes Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)”, Persistence Market research has covered all facets of the Connected Home market affecting its growth. Various trends, developments, drivers and challenges affecting the expansion of the connected home sector have been analyzed and this analysis is being done across different regions of the world to give the research an all-inclusive view. The global connected home market is projected to grow at a high CAGR of 14.2% during the forecast period to reach a significant market valuation by the end of the valuation year (2026).
Global Connected Home Market: Dynamics Affecting…
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