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by NiravGokani · December 19, 2018
ResearchMoz include new market research report “Smart Home Devices Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” to its huge collection of research reports.
Smart home devices can also be used to monitor and access the data related to various home devices. By using smart home devices Cheap Wholesale College Jerseys , users can easily monitor and control the home functions and multiple aspects associated with it. For instance, smart home devices can be used to control the lighting, temperature, various multi-media devices, security devices Cheap College Jerseys From China , as well as window and door operations. As per the estimates by Future Market Insights, revenue from the global smart home devices market is estimated to increase from nearly US$ 20 Bn in the year 2017 to about US$ 125 Bn by the end of the year 2027, exhibiting a CAGR of 19.7% during the period of assessment from 2017 to 2027.
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Increase in the global per capita income and increased spending on smart cities likely to benefit the global smart home devices market
Macro-economic factors such as an increase in the global per capita income and increased spending on smart cities globally is stimulating the global smart home devices market. As per the available data, the global per capita income in the year 2012 was US$ 14,072 Cheap College Jerseys China , which increased to US$ 16,143 in the year 2016. Consequently, there has been an increased spending on smart home devices all over the world. This increase in per capita income has in turn boosted the growth of the smart home devices market all over the world.