The report forecasts the global smart appliances market to grow at a CAGR of 23.48% during the period 2016-2020.
Amazon introduced the Amazon Dash Button in 2015, which is an electric device designed to make ordering products from the Amazon website easier and faster. By sticking these Dash Buttons on appliances like dishwashers or washers, consumers can order products like washing powders from Amazon with just one touch. These collaborations between popular players and online retailer Amazon will help increasing the popularity and growth of smart appliances during the forecast period.
According to the report, wireless technologies like Wi-Fi, Bluetooth, and ZigBee can be used in or accessed by smartphones and tablets. But the inclusion of these technologies in home appliances (like air conditioners) is a means of product differentiation by manufacturers that is enticing tech-savvy consumers.
Further, the report states that when it comes to smart connected appliances, there are concerns regarding security and privacy. Due to the lack of a user interface, the automatic interaction between the connected devices in IoT is often invisible to users; this makes it easy for utility companies or third-party energy management and service providers to collect information, including private and personal data, without the user's knowledge.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by product category
PART 08: Market segmentation by distribution channel