Step 1: Use the angle sum property of a triangle.
In a triangle,
\[
A+B+C=\pi
\]
Therefore,
\[
\frac{A}{2}+\frac{B}{2}+\frac{C}{2}
=
\frac{\pi}{2}
\]
Step 2: Use the standard identity.
For angles satisfying
\[
x+y+z=\frac{\pi}{2},
\]
we have
\[
\tan x \tan y+\tan y \tan z+\tan z \tan x=1
\]
Taking
\[
x=\frac{A}{2},
\quad
y=\frac{B}{2},
\quad
z=\frac{C}{2},
\]
we get
\[
\tan\frac{A}{2}\tan\frac{B}{2}
+
\tan\frac{B}{2}\tan\frac{C}{2}
+
\tan\frac{C}{2}\tan\frac{A}{2}
=
1
\]
Step 3: Apply AM-GM inequality.
Let
\[
p=\tan\frac{A}{2}\tan\frac{B}{2},
\]
\[
q=\tan\frac{B}{2}\tan\frac{C}{2},
\]
\[
r=\tan\frac{C}{2}\tan\frac{A}{2}
\]
Then,
\[
p+q+r=1
\]
By AM-GM inequality,
\[
\frac{p+q+r}{3}\geq \sqrt[3]{pqr}
\]
Substituting,
\[
\frac{1}{3}\geq \sqrt[3]{pqr}
\]
Cubing both sides,
\[
\frac{1}{27}\geq pqr
\]
Now,
\[
pqr
=
\left(
\tan\frac{A}{2}
\tan\frac{B}{2}
\tan\frac{C}{2}
\right)^2
\]
Hence,
\[
\left(
\tan\frac{A}{2}
\tan\frac{B}{2}
\tan\frac{C}{2}
\right)^2
\leq
\frac{1}{27}
\]
Step 4: Final conclusion.
Therefore,
\[
\boxed{\frac{1}{27}}
\]
which corresponds to option (1).