Connected Living Room Market Global Scenario, Market Size, Outlook, Global Connected Living Room Market

Global Connected Living Room Market is Expected to Reach $886 Billion by 2024,
Says Variant Market Research
Global Connected Living Room Market Report, published by Variant Market Research, forecast
that the global market is expected to reach $886 billion by 2024 from $520 billion in 2016;
growing at a CAGR of 6.9% from 2016 to 2024. By geography, Asia Pacific and RoW are expected
to grow at a CAGR of 8.7% and 8%, respectively, during the forecast period. Growing demand for
wearable devices and need for customized services coupled with high penetration of
smartphones & internet in emerging economies are the major drivers of the connected living
room market. Increasing demand for web-enabled devices and rising awareness about IoT
among consumers also boost the growth of the market. However, increasing complexity of these
devices and cyber threats may hamper the growth of the market. Furthermore, customized
services, untapped markets and entry for new players may provide market opportunities during
the forecast period.
Browse Complete Report @ https://www.variantmarketresearch.com/report-
categories/semiconductor-electronics/connected-living-room-market
Component, product and geography are the key segments of the global connected living room
market. The component segment includes data storage systems, sensors, cameras, thermostats,
communication devices and others. In 2016, sensors segment accounted for the largest market
share and is expected to dominate the market with highest CAGR during the forecast period