According to a research report from MarketsandMarkets, the smart home market is expected to reach US$ 121.73 billion by 2022, at a CAGR of 14.07% between 2016 and 2022. EQL Technology sees the IoT as a mega trend...
According to a research report from MarketsandMarkets, the smart home market is expected to reach US$ 121.73 billion by 2022, at a CAGR of 14.07% between 2016 and 2022. EQL Technology sees the IoT as a mega trend, and the company enters the industry by providing own-brand products like Ripple for home comfort, convenience and security. The company also provides home security solutions to consumers. The company launched Ripple Control in Taiwan first, and then plans to distribute the products to the other countries in Asia and Eastern Europe. Hsieh sees great growth potential in ASEAN.
Though the smart home has grown exponentially in the recent years, the market penetration remains fairly low. EQL CEO Chester Hsieh t...