The report titled ‘Connected Living Room - Global Forecast, Market Share, Trends, Size, Growth And Industry Analysis, 2013 - 2019’ delves into the contemporary concept of living rooms that are centered on advanced entertainment and communication devices. The report takes into account various dynamics that are expected to work in tandem so as to bring about a change in the devices and technologies in new-age living rooms.
This report can be described as a comprehensive study of current trends in connected living rooms. With technological advancements rapidly taking place in this sector, this report is integral to the strategy of both established as well as incumbent market players.
It features end-to-end analyses of market propellants as well as inhibitors. The report provides users with accurate market projects for the years ahead. Besides a value chain analysis, the report also provides a market share analysis based on market segments and geographical markets.
The report also offers a statistics-based projection of the emerging trends in this market that will play a key role over the next few years. Developments that have taken place over the recent years are extensively analyzed in this report. Yet another highlight of this study is the use of Porter’s five force model analysis as well as detailed Company Profiles section that takes into account the strategies, financial standing, and strengths and weaknesses of leading names in this sector.
The concept of a connected living room is relatively modern and entails the use of technological devices and gadgets that provide a combination of information and entertainment depending on the choices of the user. With a connected living room, a user can share photos, music, and videos enabled by devices such as smart televisions, set-top boxes, and personal computers.
According to the findings of this report, the market for connected living rooms is anticipated to witness healthy growth, with single-digit CAGR increase by the end of 2019. Some of the devices that constitute a connected living room are, plasma TVs, smart TVs, DVD players, OLED TVs, video recorders, audio and gaming consoles, among others.
There are a variety of factors propelling growth in the connected living rooms market. These include: a growth in the demand for digitization, the growing preference for advanced display equipment, and the emergence of novel technologies and platforms for sharing information and entertainment. At the same time, there are a few factors that have been hindering the market from reaching ideal growth figures. These factors include a lack of user-friendliness of these noticeably high-tech devices as well as their high costs.