Smart Homes Market - Demand for Enhanced and Effective Monitoring for Safety Is Growing and This Is Fueling the Market
The global smart home market is expected to expand at an impressive CAGR between 2015 and 2023 due to the advent of high speed 4G LTE wireless networks. Operators are adopting bundled cloud-based platforms, easily deployable cross-vertical industry solutions, low bandwidth pricing, and subsidizing pricing of modems and gateways. This is boosting the adoption of 4G for IoT communications, which is subsequently driving the use of smart home systems. Wi-Fi penetration in residences is improving the growth prospects of the...
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