These days, there is no place like (connected) home. As artificial intelligence and voice control make technological progress in their respective fields, the intelligent assistant has now emerged as a feasible control center for connected homes. Both startup makers and tech giants have come up with solutions that can be delivered utilizing both new and existing stand-alone devices. Some of the renowned players operating in the global Connected Home Devices market are Robert Bosch Gmbh, Lutron Electronics Co. Inc., Apple Inc., Hubbell Inc., Ingersoll-Rand PLC, and LG Electronics.
A detailed report on the global connected home devices market has been prepared utilizing extensive research methods to include information that is pertinent to the market. This report by Transparency Market Research (TMR) offers the stakeholders all the data that are needed to make informed decision about the global connected home devices market. The market is prophesized to clock growth at 12% CAGR over the assessment period.
Asia Pacific region is likely to witness substantial expansion owing to increasing number of new residential and infrastructural projects. There exists substantial demand for connected homes in the countries of Asia Pacific. China, Japan, and South Korea spearhead the demand for smart homes in Asia Pacific. Out of these, South Korea is regarded as a region with immense possibilities for global connected home devices market. The overall connected home devices market in Asia Pacific presents an ocean of opportunities driven by robust economic growth, rising disposable income and more awareness about the benefits of such homes.