Global Connected Bulb Market to Demonstrate Very High Growth, Predicts Infiniti Research in Its Report Published at MarketPublishers.com06 Jun 2016 • by Natalie Aster
LONDON – The world’s market for connected bulbs is set to demonstrate impressive growth in the offing: it will grow at a 50.3 percent CAGR over the period 2016-2020.
Such significant growth will be driven by many factors, such as an increase in power prices, emergence of IoT architecture and wireless networking technologies, and more.
However, a long replacement cycle and concerns over data security and privacy challenge the growth. High upfront and maintenance costs are one more important challenge for this marketplace.
Some of key trends taking place in the global market comprise: a rising number of smart homes from pole to pole, increasing diversity of IoT standards, crowdfunding platform adoption, to name a few.
Belkin, GE, Philips and LiFi Labs are some of the largest vendors in this space.
Topical research report “Global Connected Bulb Market 2016-2020” drawn up by Infiniti Research offers a comprehensive guide to the world’s connected bulb marketplace. This study provides an insightful overview of this lucrative marketplace and covers wireless industry alliances like ZigBee Alliance, Wi-Fi Alliance, etc.
It sheds light on the ZigBee Standard and gives an estimation of the market sizing. The report contains a five forces analysis of the marketplace and explores key developments in it. The research study investigates market on the basis of technologies and canvasses its regional performance.
Market drivers as well as challenges and trends are discussed in the research report. The study limelights the competitive scenario and gives future outlook for the marketplace.
Other Marketplaces Analyzed by the Publisher Include:
- Public Relation Robots
- Aircraft Ground Handling Systems
- Transplant Diagnostics
- School Furniture in GCC
- Residential and Commercial Security
More in-demand reports by our partner are available at Infiniti Research page.