Emerging Trends in the Smart Home Industry

We at Lucintel are glad to announce the launch of a new research report on the smart home market entitled “Growth Opportunities in the Smart Home Industry.”

According to our research in this market report, the smart home market is expected to reach an estimated $113 Billion by 2024 with a CAGR of 9% 2019 to 2024. There are some interesting new developments in the smart home market as competition intensifies and players try to increase their market share. Some of the emerging trends shaping market dynamics include development of voice assistant technology for high-end automated household appliances, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones.

In the smart home market, material processing, instrumentation & measurement, and others are some of the major segments of smart home. On the basis of comprehensive research, Lucintel forecasts that wireless technology is largest segment of the smart home market and is growing at above average growth.

This market report on smart home answers following key questions about the market:

Q.1. What are some of the most promising, high-growth opportunities in the smart home market by segment and region?

Q.2. Which segments in the smart home market will grow at a faster pace and why?

Q.3. What are the business risks and competitive threats in smart home market?

Q.4. What are emerging trends in smart home market and reasons behind them?

Q.5. What are some of the changing demands and needs of customers in the smart home industry?

Did you know that you can ask our analysts questions about this market?

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