Albany, NY -- (SBWIRE) -- 09/12/2018 -- The report presents a 360-degree overview of the market after factoring in headwinds and tailwinds affecting its trajectory and also current and historical figures. Additionally, it segments the global connected living room market based on different parameters and studies each segment in details.

A connected living room integrates the various drawing room devices such as home theatre systems, TVs, set top boxes, computers, multimedia devices, and smartphones, among others so as to improve their functionality. This unique perceived benefit is at the heart of the growth in the global connected living room market. Rising preference for innovative display equipment, sophisticated platforms for entertainment and information sharing, and fast paced digitization is mainly helping to catalyze the market, finds our report. Apart from that, combining of user interactive features with infotainment devices at home are also having a positive impact on the global connected living room market.

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Other factors likely to have a positive impact on the global connected living room market are gigantic strides in wired and wireless connectivity, higher demand for electronic products because of rise in disposable incomes of people, and soaring preference for more personalized and evolved devices.

Posing a challenge to the global connected living room market, on the other hand, is the issues pertaining to compatibility. This also means opportunity for existing and aspiring players to device more sophisticated and compatible products. Other factors that are posing a challenge to the global connected living room market are steep cost of installation and limited awareness about the benefits of such products. However, the aforementioned hurdles seem temporary and may not have a prolonged negative impact on the market. As the concept goes mainstream and internet connectivity improves worldwide, prospects in the global connected living room market would increase.

In order to study the market in-depth, the report segments it based on application into residential and commercial. It finds that the commercial sector is a substantial generator of demand in the global connected living room market at present. Depending upon the various components again it classifies the market into thermostats, sensors, cameras, communication devices, and data storage system, among others. Currently, the communication devices hold a major share in the global connected living room market.

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From a geographical standpoint, North America currently leads the global connected living room market owing to the high spending capacity of the people. Meanwhile, going forward, Asia Pacific driven by the economic development in China and India will likely emerge as an attractive region.

Some of the key players in the global connected living room market that have been profiled in the report are Sony, Samsung, LG, Nintendo, and Mitsubishi.

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