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Smart Clock Market To Generate Revenue of $2.29 Billion By 2025 Based on Rising Spending on Smart Home Automation Products Owing to Changing Lifestyle | Million Insights

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Smart Clock Market To Generate Revenue of $2.29 Billion By 2025 Based on Rising Spending on Smart Home Automation Products Owing to Changing Lifestyle | Million Insights

April 20
06:26 2021
Smart Clock Market To Generate Revenue of $2.29 Billion By 2025 Based on Rising Spending on Smart Home Automation Products Owing to Changing Lifestyle | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global smart clocks industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Smart Clock Market size is projected to touch USD 2.29 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 25.4% through the forecast period of 2019-2025. Rising spending on smart home automation products owing to change in lifestyle or rising standards of living is anticipated to propel the product demand. Key companies functioning in the market like SDI Technologies, Amazon, and Lenovo Group Ltd. are investing majorly in R&D for developing innovative products. For example, Lenovo Group Ltd. introduced a new AI-assisted smart clock that featured Google Assistant, in June 2019. The device had a four-inch smart display along with a fabric cover.

On the basis of distribution channel, the online segment dominated the sales in 2018 and expected to remain dominant over the forecast period. The segment occupied more than half of the revenue in 2018. Other sales channels including specialty stores are projected to witness rapid growth from 2019 to 2025. 

To download the sample pdf of Smart Clock Market Report “Please” click here: https://www.millioninsights.com/industry-reports/global-smart-clock-market/request-sample

U.S. smart clock market

North America dominated the regional market in 2018. Increasing adaption of Internet-of-Things (IoT) has propelled the growth of home automation industry in U.S. over the last few years. Manufacturers are introducing innovative smart home products like speakers and clocks. These devices can be used as a remote for monitoring common household electrical products like TVs, ACs, fans, lights, etc. Leading companies adapt marketing strategies like expansion of business and developing new products to meet the rising demand all over the world.

Global smart clock market

 

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-smart-clock-market

Further key findings from the report suggest:

• Asia Pacific is anticipated to grow at the fastest CAGR of 26.4% over the forecast period

• North America dominated the market in 2018 and is anticipated to further grow at a significant rate to maintain its peak position over the forecast period.

• Online distribution channel dominated the market with over 50% of share in 2018

• Specialty stores is anticipated to grow at fastest rate in the forecast period

• Major companies operating in the smart clock market are Kickstarter; SDI Technologies, Inc.; Amazon.com, Inc.; and Lenovo Group Ltd.

Million Insights has segmented the global smart clock market on the basis of distribution channel, and region:

Distribution Channel Outlook (Revenue, USD Billion, 2016 – 2025)
    • Specialty Stores
    • Online
    • Others

Regional Outlook (Revenue, USD Billion, 2016 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • India
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
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City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-smart-clock-market


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