The growth of the global connected living room market is ascribed to a shift in customer requirements. Due to the widespread use of the internet on mobile phones, laptops, and computers the industry has shifted dramatically from televisions to smart televisions, standalone boxes to connectivity, and carrier set-tops to apps, net-tops, and sticks.
The large screen television has features such as NFC, Home Plug, Ethernet, Wi-Fi Display, Wi-Fi, DLNA, and MoCA are allowing content to be transferred quickly between tablets, smartphones, laptops, and other devices. Consumer demand for multimedia streaming is growing, and electronics makers are continuing to integrate supporting software as well as network technologies. The connected living room offers a variety of benefits, including comfort, savings, control, energy, and security, all of which have spurred market growth.
Some of the market’s restrictions include the rising possibility of data theft and areas that are more vulnerable to hackers. The global connected living room market has several opportunity areas, such as rising demand for a high-quality living combined with an increase in nuclear families.
Rapid Adoption Technological Innovations and Cultural Shift to Drive Revenue Generation Opportunities in the Market
The global connected living room market is likely to be driven by robust bandwidth as well as virtual space availability, as a result of technology developments over the last decade, and the ubiquitous deployment of wireless streaming. In addition, rising internet-only entertainment consumption, the deployment of dependable and advanced music storage technology, and high-speed data streaming are projected to spur innovation.
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The growing popularity of online video streaming is expected to accelerate the uptake of connected living rooms. The term “connected devices” refers to all internet-connected electronic gadgets in the living room, such as game consoles, televisions, smartphones, and so on. Set-top boxes, personal computers, tablet phones, laptops, and other connectivity devices can all be included in the connected gadgets.
The rising popularity of second-screen devices, as well as the resulting increase in its demand, is expected to help propel the industry forward. Whilst wealthier countries have been quick to embrace the latest connected products, such as smart speakers and smart TVs, developing Asia Pacific countries, which have a cost-conscious client base, have been witnessing widespread adoption of laptops and smartphones in the recent years.
The market for connected living room gadgets is being boosted by the cultural change from lean-forward to lean-back viewing, as well as the introduction of smart TVs. Previously, laptops and smartphones dominated the market due to the degree of convenience they provided to customers; Smart connected TVs with smart speakers have begun to redefine what it means to be comfortable.
