ALBANY, New York, November 29, 2016 /PRNewswire/ -- Transparency Market Research has published a new market report titled " Connected Living Room Market (Components - Sensors, Thermostats, Cameras, Data Storage Systems, and Communication Devices; Product Type - Consumers Computing, TV Systems, Gaming Consoles, Security Systems, Smart Plugs, and Wireless Speakers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024". Transparency Market Research estimates that the market will exhibit a promising 7.3% CAGR over the period between 2016 and 2024, rising from a valuation of US$518.92 bn in 2015 to US$984.51 bn by 2024. Baggage Processing Systems Continue to Witness Heightened Adoption In terms of solutions, the segment of baggage processing accounted for the dominant share in the global market in 2015, valuing at US$6,303.9 mn. Although the segment is expected to exhibit a relatively lower 8.4% CAGR compared to segments such as passenger processing (9.5% CAGR) and flight information display systems (9.1% CAGR) over the period between 2016 and 2024, it will continue to hold the dominant chunk in the global market's revenues over the said period. Geographically, developed economies across North America and Europe account for the dominant share in the global market and will continue to do so in the next few years as well. Download exclusive Sample of this reporthttp://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1933Compatibility Issues and Lack of Awareness among Consumers to Limit Uptake Although the overall growth prospects of the global connected living room market are favorable, factors such as lack of awareness among consumers about the energy efficiency-related benefits of connected rooms and compatibility issues of components could pose challenges to market's growth. Connected living rooms typically utilize a variety of digital and electronic components such as lighting controls, security systems, and entertainment devices, which make use of different types of communication links.