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South Korea Smart Home Market is Anticipated to Reach nearly US$ 5 Billion by 2024

 



(IT-NEWSWIRE.COM, December 22, 2017 ) Overview of the South Korea Smart Home Market:

The report spread across 100 pages is an overview of the South Korea Smart Home Market, Volume, Household Penetration & Key Company Analysis - Forecast to 2024.

The South Korea smart home market is likely to fivefold by the year 2024 from its current level in 2016. Smart home is a system that allows home owner to control and monitor different devices in the home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet. The growth of Smart home market is attributed to factors such as significantly growing IoT market, cost reduction measures enabled by home automation systems, large number of manufacturers expanding their product portfolios, and increasing importance of home monitoring from remote locations. With the increasing demand of smart home devices, security and privacy breach is also increasing. The issues pertaining to privacy and security breach are restraining the growth of the smart home market.

• The South Korea smart home market is anticipated to reach nearly US$ 5 Billion by 2024.
• Increasing mobility is one of the emerging trends driving the smart home market.

South Korea Smart Home Market - By Application Areas:

• Smart Appliances captured maximum share of the South Korea smart home market in 2016.
• The Smart Home Entertainment segment is expected to show a compound annual growth rate of over 12% during the period 2017 - 2024.
• The security application segment is likely to capture nearly 15% share of the South Korea smart home market by 2024.
• The revenue in the South Korean Smart Home Energy Management segment is expected to reach close to US$ 600 Million by 2024.

Get a Sample Copy of this Report @
https://www.precisemarketreports.com/report/sample/pmr-141497 .

South Korea Smart Home Active Households - By Application Areas:

• Control and Connectivity segment captures highest share of the South Korea Smart Home active households in 2016, being followed by Comfort and Lighting segment.
• Smart Appliances and Home Entertainment applications are competing very closely with each other to grab maximum share of the Smart Home active households.
• Security application captured least share of the Smart Home active households in 2016.

The “South Korea Smart Home Market, Volume, Household Penetration & Key Company Analysis - Forecast to 2024” provides a comprehensive assessment of the fast-evolving, high-growth South Korean Smart Home Industry.

South Korea Smart Home - Key Company Profiles

1. Samsung Electronics Co., Ltd.
2. LG Electronics Inc.
3. SK Telecom
4. KT Corp
5. Hancom MDS Inc. (The former MDS Technology Co., Ltd.)

To Purchase this report visit @
https://www.precisemarketreports.com/paypal/checkout/pmr-141497 .

This 100 Page report with 40 Figures and 4 Tables has been analyzed from 7 viewpoints:

1. South Korea Smart Home Market, Household Penetration & Forecast (2015 - 2024)
2. South Korea Smart Home Market Share Analysis - By Application Areas (2015 - 2024)
3. South Korea Smart Home Active Households Share - By Application Areas (2015 - 2024)
4. South Korea Smart Home Market, Number of Active Households & Households Penetration - By Application Areas (2015 - 2024)
5. South Korea National Smart Home Standardization
6. South Korea Smart Home - Key Company Profiles
7. South Korea Smart Home - Growth Drivers and Challenges

To know more click here ->
https://www.precisemarketreports.com/report/enquiry/pmr-141497 .

Major Points in Table of Contents:

South Korea Smart Home Market Report 2017

1. Executive Summary

2. South Korea Smart Home Market Analysis to 2024

3. South Korea Smart Home Market Share Analysis to 2024

4. South Korea Smart Home Market, Number of Active Households & Households Penetration - By Application Areas

5. South Korea National Smart Home Standardization

6. South Korea Smart Home - Key Company Profiles

7. South Korea Smart Home - Driving Factors

8. South Korea Smart Home - Challenges

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Tier 1's, SME's startups, top management consultants, have clearly visualized their environment using our analysis, thus enabling them to make critical business decisions and in devising a strategic plan.

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sales@precisemarketreports.com
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https://www.precisemarketreports.com

Precise Market Reports

Parag Pingale

+1 (323) 744 6588

sales@precisemarketreports.com

Source: EmailWire.Com

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