Tuesday, 5 December 2017

Global Smart Garage Door Controllers Market 2017-2021

 

MRC Announces the Publication of its Research Report – Global Smart Garage Door Controllers Market 2017-2021

MRC recognizes the following companies as the key players in the global smart garage door controllers market: Asante, Garageio, GoGogate, Nexx Garage, and The Chamberlain Group

Other Prominent Vendors in the market are:  SkylinkHome, The Genie Company, and RYOBI.

Commenting on the report, an analyst from MRC’s team said: “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.”
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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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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