Smart Homes: M2M Market – Global Drivers,
Restraints, Opportunities, Trends, and Forecasts to 2023
Overview
Smart homes integrate technology with our
lifestyle to offer greater ease and comfort and provide enhanced benefits such
as energy management and security. The latest home automation devices help to
transform a house into a push button smart home that can be easily controlled
with a tablet, computer, or a smartphone. Smart homes M2M deal with home
automation facilities by connecting different kinds of machines and devices
enabling remote monitoring and control. The technology imparts various benefits
such as home care for elderly and disabled, energy efficiency, comfort,
entertainment, safety and security.
Market
Analysis
Smart Homes M2M Market will witness a CAGR
of 28.1% during the forecast period 2017–2023. The hypergrowth of technologies
such as IoT, artificial intelligence (AI), RFID, wearables, and cloud computing
are supporting the adoption of these technologies in homes. The integration of
technology with home appliances is leveraging ways to save energy, time, and
cost.
The high penetration of broadband network,
growth in digital technology, adoption of Bluetooth and Wi-Fi, proliferation of
smartphones and tablets and demand for energy efficient solutions in homes are
driving the Smart Homes M2M Market growth. However, high upfront cost, lack of
standards, and interoperability are acting as barriers to the market growth.
Segmentation
by Regions
The Smart Homes M2M Market has been
segmented and analyzed by the following geographic regions – North America,
Europe, APAC and the MEA region. Americas is the leading region for the Smart
Homes M2M Market followed by Europe.
North America is the world’s most advanced
smart home market with an installed base of 12.7 million smart homes at the end
of 2015, which is expected to increase to around 46.2 million by the end of
2020. Nearly 70% of household in Western Europe use Wi-Fi to manage energy.
However, the adoption of ZigBee is increasing with an expectation to surpass
Wi-Fi by the end of 2022. It is estimated that by 2020, around 2.5 million
Western European household will be equipped with a smart home controller. The
APAC region is growing at a high pace due to cloud-based technology, smart city
initiatives, and increased penetration of wearables, especially in India,
China, and Japan. The scenario in MEA is changing and expanding the market due
to increased spending on smart community projects and increased adoption of
sensor technology.
Segmentation
by Applications
The market has been segmented based on
applications such as energy management & climate control system, healthcare
system, home entertainment system, lighting control system, and security &
access control system.
Segmentation
by Connectivity Technologies
The Smart Homes M2M Market has been
segmented by the following connectivity technologies- Wi-Fi, Bluetooth,
Cellular Connectivity technologies.
Key
Vendors
The key vendors offering solutions for
smart homes include Google, Honeywell, Vodafone, Samsung, and Panasonic.
Competitive
Analysis
Competitive benchmarking is done for the
leading vendors based on key metrics- financial health, business units,
business strategy etc.
Benefits
The study covers and analyzes the Smart
Homes M2M Market. Bringing out the complete key insights of the industry, the
report aims to provide an opportunity for players to understand the latest
trends, current market scenario, government initiatives, and technologies
related to the market. In addition, it helps the venture capitalist in
understanding the companies better and take informed decisions.
The
report provides an in-depth analysis and forecast about the industry covering
the following key features:
- The report not only highlights users’ conundrum (challenges and barriers to adopting smart homes M2M) but also brings in their perspective on the market
- Covers the application segments: Lighting Control, Energy Management, Climate Control, Safety and Security, Healthcare, and Others
- The market has been analyzed by considering the key regions – Americas, Europe, Asia Pacific, and MEA
- The smart homes M2M market is analyzed based on connectivity technology (wired and wireless), applications, and regions
- The report analyzes the top 10 players in terms of market reach, business strategy, and business focus
- Provides an in-depth analysis of the key business opportunities in each application and technology type
- Stakeholders’ insights and key trends (current and future) of the market
Spanning over 88 pages “Smart
Homes: M2M Market - Global Drivers, Restraints, Opportunities, Trends, and
Forecasts to 2023” report covers Industry Outlook, Report
Outline, Market Snapshot, Market Outlook, Market Characteristics, Applications,
Connectivity Technology, Regions, Vendor Profiles, Global Generalist.
Please visit this link for more details: http://mrr.cm/UKf
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at: https://www.marketresearchreports.com/telecom
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