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(Hosting-NewsWire.com, March 19, 2018 ) Connected bulbs refer to smart bulbs that are embedded with wireless chips to communicate wirelessly with mobile computing devices such as smartphones and smart watches. A connected bulb comprises of the Internet of Things (IoT) interconnected through various networking technologies. The IoT is a network of physical or tangible devices such as smart appliances and smart TVs that can communicate among themselves and with the external environment when required using the internet.
Publisher's analysts forecast the global connected bulb market to grow at a CAGR of 50.32% during the period 2016-2020.
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A major factor that spurs the prospects for growth in this market is the advent of wireless networking technologies. What makes connected bulbs useful is that they have embedded IoT technology, which lets devices and appliances communicate with each other and also with the Internet. Several industry giants have collaborated to provide wireless technology that offers seamless connectivity and operability among IoT-type devices. Technavio’s market research analyst has predicted that the connected bulb market will grow at a phenomenal CAGR of close to 51% during the forecast period.
Key vendors - Belkin - Cree - GE - LiFi Labs - OSRAM SYLVANIA - Philips
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Market driver - Rise in power prices
Market challenge - High upfront and maintenance costs
Market trend - Growing strategic partnerships among industry participants
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-connected-bulb-market-2016-2020
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Source: EmailWire.Com
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