Connected Living Room Market 2021 Explosive Factors of Revenue by Industry Demography, Organization Size, Technological Advancement, Growing Prominence Analysis, Share and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Connected Living Room Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Connected Living Room Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Connected Living Room Market is estimated to reach $886 billion by 2024; growing at a CAGR of 6.9% between 2016 and 2024. The internet and digital age has changed the way a consumer enjoys at home. The popularity of connected living room is spreading globally. Living room connected devices includes any items of consumer electronics which are normally found in living room such as televisions, radios and games consoles, among others. Several established companies have already entered the market, but the potential revenues from the devices have proved tempting for the new entrants as well. Device manufacturers and broadband service providers, together are now engaged in providing customized services with internet connected living room. Cloud service providers are now increasing their presence in the internet connected living room market as a place to store their content and to manage their authorized personal media collections.

Increasing penetration of internet & smartphones in emerging countries coupled with rising popularity of wearable devices and customized services are fueling the growth of the market. Additionally, high demand for web-enabled devices and rising awareness of IoT also supports the growth of the market. However, cybersecurity and rising complexity of these devices may hinder the growth of the market. Furthermore, untapped markets, entry for new players and customized services according to the customers’ needs would provide market opportunity in the forecast period.

The global connected living room market has been segmented on the basis of component, product and geography. By component type, the market is segmented into sensors, thermostats, cameras, data storage systems, communication devices and others. Furthermore, by component type, it can be segmented into consumers computing, TV systems, set-top boxes, gaming consoles, security system, smart plugs, wireless speakers and others.

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Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific and RoW. The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Italy, France, Germany and others. Asia-Pacific covers China, India, Japan, South Korea, Taiwan and others. Rest of the World (RoW) covers South America, Middle East and Africa.

Key players in the connected living room market include Xplore Technologies Corp., Panasonic Corporation, Mountain Secure Systems, Hitachi, Ltd., DRS Technologies Inc., General Electric, LG Electronics, Inc., Toshiba Corp., Samsung Electronics Co. Ltd., and Koninklijke Philips N.V., among others.

The key takeaways from the report:
The report will provide detailed analysis of Connected Living Room Market with respect to major segments such as component and product
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Connected Living Room Market has been provided in the report.

Profile of the key players of the Connected Living Room Market, will be provided, which include key financials, product & services, new developments and business strategies.

Scope of Connected Living Room Market
Component Segments
Data Storage Systems
Communication Devices

Product Segments
Security System
Wireless Speakers
Consumers Computing
Set-Top Boxes
TV Systems
Gaming Consoles
Smart Plugs

Geography Segments
North America

South Korea
South America
Middle East

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