Global Smart Home Market: Market Expansion Directly Related to Rising Internet Penetration Worldwide
Global Smart Home Market: Snapshot The global smart home market is poised to surge exponentially in the coming years. Besides the rising disposable income of consumers, the market will highly benefit from the increasing internet penetration worldwide. Furthermore, the recent advancements in the Internet of Things (IoT) that resulted in price drops of processors and sensors will encourage manufacturers to promote automation in the household sector. In the last few years, the world witnessed extensive rise in Wi-Fi access facilitated by growth in IoT services. As these devices operate through wireless connectivity, the smart home market will be considerably facilitated by the introduction of high-speed internet. Moreover, the proliferation of Wi-Fi connectivity in the household sector, will aid in the expansion of the global smart home market. Besides these, the demand for smart home appliances will gain pace, as consumers realize the importance as well as benefit...