The global smart clock market size is expected to reach USD 2.29 billion by 2025 registering a CAGR of 25.4%, according to a new report by Grand View Research, Inc. Increased spending on smart home automation products on account of changing lifestyles is projected to boost the market growth. Major companies in the market including Amazon, Lenovo Group Ltd., and SDI Technologies are investing in R&D for the development of advanced products. For instance, in June 2019, Lenovo Group Ltd. launched an innovative AI-assisted smart clock featuring Google Assistant.
The
device has a fabric cover with a four-inch smart display. North America was the
largest regional market in 2018. Increased adoption of the Internet-of-Things
(IoT) in U.S. has fueled the home automation industry over the past few years.
Manufacturers are offering innovative smart home products including clocks and
speakers. These devices offer remote monitoring of common household electrical
products including lights, fans, ACs, TVs, etc. Prominent companies have
undertaken marketing strategies, such as product development and business
expansion, to cater to the increasing demand across the globe.
Full Research Report On Smart Clock Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/smart-clock-market
Further key
findings from the study suggest:
- Asia Pacific
is expected to be the fastest-growing regional market at a CAGR of 26.4%
from 2019 to 2025
- North America
was the largest market in 2018 and is projected to expand further
retaining its leading position throughout the forecast years
- Online
distribution channel was the largest segment in 2018 and accounted for
more than half of the overall market share
- Specialty
stores is expected to be the fastest-growing distribution channel segment
over the forecast period
- Key companies
in the global smart clock market include Amazon.com, Inc.; Lenovo Group
Ltd.; SDI Technologies, Inc.; and Kickstarter
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/smart-clock-market/request/rs1
Grand View Research has
segmented the global smart clock market on the basis of distribution channel
and region:
Smart Clock
Distribution Channel Outlook (Revenue, USD Million, 2016 - 2025)
- Specialty Stores
- Online
- Others
Smart Clock
Regional Outlook (Revenue, USD Million, 2016 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment