- Residential Robotic Vacuum Cleaner Market in South Korea to Grow at a CAGR of 18.15 percent
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Residential Robotic Vacuum Cleaner Market in South Korea. The report finds increasing Tech-savvy population is driving the growth of residential robotic vacuum cleaner market in South Korea during the forecast period 2014-2018.
As per research analysis, the Residential Robotic Vacuum Cleaner market in South Korea has been witnessing a high adoption rate because its products provide an easier and quicker solution for household chores for South Korean homes. A huge proportion of tech-savvy people in South Korea who are the risk takers, have dual incomes and willing to purchase newly launched products in the market, which are affordable like robotic vacuum cleaners. When compared with other regions, South Korea demonstrates a high rate of consumers who enthusiastically adopt hi-tech gadgets. These factors contribute towards the increasing revenue of the Residential Robotic Vacuum Cleaner market in South Korea.
To determine the scenario for these vendors in the next 3-4 years, TechNavio 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.
If you are interested in more information on this topic and our upcoming research on the Residential Robotic Vacuum Cleaner Market in South Korea 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Residential Robotic Vacuum Cleaner Market in South Korea. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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