Lewes, DE -- (SBWIRE) -- 06/01/2016 -- Report forecast the global connected bulb market to grow at a CAGR of 50.32% during the period 2016-2020.

Connected bulbs refer to smart bulbs that are embedded with wireless chips to communicate wirelessly with mobile computing devices such as smartphones and smart watches. A connected bulb comprises of the Internet of Things (IoT) interconnected through various networking technologies. The IoT is a network of physical or tangible devices such as smart appliances and smart TVs that can communicate among themselves and with the external environment when required using the internet.

The report covers the present scenario and the growth prospects of the global connected bulb market during 2016-2020. To calculate the market size, the report considers the total unit shipments of smart LED connected bulbs worldwide in the residential segment.

Connected bulbs for the residential segment include:
- LED smart bulbs
- LED smart bulbs with inbuilt speaker
- White LED smart lightbulbs
- Color LED smart lightbulbs
- Smart LED lighting starter sets
- Flood LED smart bulbs

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the demand for electricity is growing due to rapid industrialization and a rise in population and energy consumption across the globe. The prices of raw materials used by power generation and distribution companies have increased sharply, putting pressure on companies to raise electricity prices in a bid to maintain smooth operations and secure profits.

Further, the report states that though the total cost of owning a connected bulb is low compared to traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance for consumers.

Global Connected Bulb Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Connected Bulb Market: Belkin, Cree, GE, LiFi Labs, OSRAM SYLVANIA, and Philips.

Market driver
- Rise in power prices
- For a full, detailed list, view our report

Market challenge
- High upfront and maintenance costs
- For a full, detailed list, view our report

Market trend
- Growing strategic partnerships among industry participants
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages and 30 Exhibit "Global Connected Bulb Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Overview of wireless industry alliances, Overview of ZigBee standard, Summary of key figures, Key developments, Market segmentation by technology, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-connected-bulb-market-2016-2020

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