WIRELESS CONNECTED DEVICES MARKET ANALYSIS
Rising adoption of smart devices and development of 5G network, are expected to propel the market growth during the forecast period.
Smart devices are majorly getting adopted across the globe, owing to their advantages such as portability, convenience, and easy connectivity. Smart home devices such as Amazon Echo, Google Home are able to communicate and perform various tasks such as controlling internal security systems, household lighting systems, managing household smart devices, which is expected to boost the adoption of wirelessly connected devices over the forecast period. For instance, according to Coherent Market Insights’ analysis, in the year 2020, approximately 300 million smart speakers were in use globally, and it is expected that this number will be doubled by the year 2024.
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