Zig Bee-enabled Devices Market to Grow at a CAGR of 67.64 percent

Reportstack has announced that Zig Bee-enabled Devices Market will be growing at a CAGR of 67.64 percent. The analysis is for the forecast period 2014-2018. As per research analysis, Zig Bee-enabled Devices Market will be growing due to the energy-efficient design of these products, which can be can be paired with multiple devices and are affordable.

Traditionally, industrial and commercial applications were using Zig Bee technology. Currently, however, there has been a substantial development of this technology in new markets. It is especially witnessing an increased use in Consumer sectors such as consumer electronics and home automation.

Zig Bee technology is witnessing exponential growth across the globe. Hence, vendors in this market are increasingly focusing on developing innovative products by increasing their spending in R&D. Vendors are also increasingly differentiating their product offerings and expanding their product portfolio to gain more market share. Some of the key players operating in this market include players like Atmel, Digi International, Freescale Semiconductor, NXP Semiconductors, Renesas Electronics, Silicon Laboratories, STMicroelectronics, Texas Instruments.

To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To view the table of contents and know more details please visit Zig Bee-enabled Devices Market to Grow at a CAGR of 67.64 percent report.