The
industry of furniture is growing rapidly with the development in the technology
and the technology of internet of things (IoT) transform this industry in a
dynamic manner. Moreover, the e-commerce companies in this industry playing a
significant role and making investments in the new projects related to the more
innovations in this market. In research it is observed that in the coming years
the technology has brought smart phones, watches and even smart refrigerators
to the market, but the newest innovation in the Internet of Things may be smart
furniture. The first furniture Internet
of Things exhibition in China and resulted in blending together leading
international internet of things technologies. According to the report
analysis, ‘Furniture
Market Research Report’ the internet of things can be widely applied in
the traceability, marketing, sales and promotion of furniture.
The
industry of furniture is going to introduce new innovations and with the
internet of things technology are far from developed, they are beginning to
enter the furniture sector, chairs, desk and even kitchen surfaces to ever
growing internet of things. Moreover, applications of Internet of Things in the
furniture sector include bedding. The market of furniture industry is extensively
benefitted with the internet of things technology as this technology allows
customers to control them remotely. Moreover, the internet of things is the
idea that technology in homes can be connected to one network. Beacons are the
broad category of the internet of things sensors with many useful application.
With the help of Beacons the retailers can track customers with smartphones are
in a specific physical context, provide discounts and sharing information
directly to their smartphones. Therefore, smart use of beacons can target
customers and encourage them to spend more on the furniture. According to the
report analysis, ‘Market
Research Reports for Report’ the market of furniture is expected to
grow in the coming years with the more innovations in the technology. Most of
the innovative furniture is being developed and outsourced by e-commerce giants
like Amazon. In the developed countries the internet of things technology is
prevailing significantly and companies offer numerous types of furniture with
the help of this technology. Additionally, with the applications of internet of
things the market is growing significantly with the synchronization of online.
With
the extensive usage of online technology and due to effectiveness in the
applications of internet of things in the market of furniture make the sector
more profitable and money making whereas more adoption of advanced IoT
technologies including the Cloud City platform and the Z-code technology is a
good news for the companies outside Asia pacific region which majorly help
British companies who wants to come in this market for acquiring huge market
share. Moreover, in the coming years it is expected that the region of Europe
and Asia will be the two main leading players with the attractive innovations
in the furniture.
Advanced
micro devices (AMD) Inc., Fujitsu Ltd., General Electric (GE), Juniper Netwoks,
Inc., Micron Technology Inc., Microsoft corporation, Nokia Corporation, Oracle
Corporation, Kaspersky Lab are the some major key players which are currently
functioning in this market in an efficient manner where as Microsoft
Corporation is dominate a huge market share globally followed by Fujitsu Ltd
and Nokia Corporation. IBM Corporation and Intel Corporation is also expected
to acquire handsome amount of share in the market in the coming years with the
more innovation the technology and make the furniture more attractive and
efficient.
With
the more innovations and application of an existing technology the market of
furniture of Southeast China has become more competitive in the recent trend
and welcomes the new entrants. In addition, the new entrants are support to the
market financially which result attractive opportunities for both the companies
and consumers. Therefore, it is expected that in the coming years the market of
furniture is going to grow rapidly over the decades with the improvement in the
technology and applications of internet of things.
For more information, click on the
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Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
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