The global smart garage door controllers market to grow at a CAGR of 23.26% during the period 2017-2021.
Global Smart Garage Door Controllers Market 2017-2021, 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. To calculate the market size, the report considers the new sales value and the spares market.
The latest trend gaining momentum in the market is Technological advances. Smart garage door controllers can wirelessly operate and control garage doors using Wi-Fi or Bluetooth. Manufacturers are introducing smart garage door controllers with cloud-based services that enable users to control, monitor, and access garage doors through the cloud.
According to the report, one of the major drivers for this market is Increase in average income per household. Developing and developed countries are witnessing a growth in the population of HNWIs and a gradual increase in the preference for a luxurious lifestyle. With the rise in disposable income, consumers’ spending capacity and their expenditure on luxury goods and services are increasing. The rise in income levels is because of the increasing population of working women. In 2016, the global workforce accounted for 40% of working women.
Further, the report states that one of the major factors hindering the growth of this market is Privacy-related issues associated with online data streaming through IoT security devices. With the advent of the IoT platform, the number of wireless connected devices has increased significantly. Almost all Wi-Fi devices operate on the cloud platform, where privacy-related issues are becoming a major concern. Information leakage from online servers may lead to the misuse of data for criminal activities. Most households in the US and Western Europe focus on security when using any new technology because data stored on cloud serves is highly vulnerable to cyber threats.
- Nexx Garage
- The Chamberlain Group
Other prominent vendors
- The Genie Company
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Technology
Part 07: Market Segmentation By Distribution Channel
Part 08: Regional Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/zgltt5/global_smart
Laura Wood, Senior Manager
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SOURCE Research and Markets
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