Smart Oven Market to Grow at a CAGR of 25.95% Between 2016-2020: Adoption of Broadband and Home Network
With advances in technology and the emergence of smart homes, integrated home appliances that can be connected to smartphones and allow monitoring from remote locations are gaining popularity. With improvement in network infrastructure, broadband and Internet penetration has increased, and consumers are increasingly opting for wireless and technologically advanced products to ensure convenience. In order to improve their product offerings and leverage on the trend of home automation, vendors are expanding their distribution channels and R&D expenditure. As the trend...
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