Technavio Announces the Publication of its Research Report Global Smart Home M2M Market 2016-2020
Technavio recognizes the following companies as the key players in the global smart home m2m market: AT&T, British Gas, China Mobile, Comcast, Deutsche Telekom, Honeywell International, Samsung, and Vodafone.
Other Prominent Vendors in the market are: Amdocs, Arris Enterprises, August, Bosch, BT, China Telecom, China Unicom, CHN Smart, Cisco, Control4¸ Crestron Electronics, Currys, Cyber Homes, Dacor, EE, Electrolux, Emerson Electric, Frigidaire, Frontpoint, G4S, GE, Google, Haier, Home automation company, Home Smart Home, HomeWizard, iControl Networks, Ingersoll-Rand, Korner, LG, LifeShield, MivaTek, Myfox, Nest, NETGEAR, Panasonic, SimpliSafe, SK Telecom, SmartThings, Sprint, TeliaSonera, Thermador, UK Automation, Vivint, Whirlpool, Withings, and Xfinity.
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Commenting on the report, an analyst from Technavios team said: Use of Bluetooth and low-power Wi-Fi will be a key trend for market growth. Low-power Wi-Fi has its significance with the combination of two products: Roost (a connected battery) and Homeboy (a rechargeable security camera). Roost converts a smoke detector into a connected smoke detector working through the low-power Wi-Fi IP, which is built as per the standard protocol. Products that use Bluetooth technology for actions like controlling light bulbs and clicking a picture of the person outside the home for identification purpose are gaining popularity in the market. The main advantage is the easier and the fast communication that occurs due to Bluetooth technology, unlike Wi-Fi that consumes time due to cloud networking for transferring and retrieving the information.
According to the report, one of the key drivers for market growth will be rise in demand for energy conservation systems. The adoption of appliances such as TVs, refrigerators, security cameras, dishwashers, and microwave ovens is increasing rapidly in APAC countries such as China, Japan, Malaysia, Singapore, India, and Indonesia. These appliances consume large amounts of energy to function efficiently. Owing to rising energy costs, consumers are seeking energy efficient solutions such as smart homes. A smart home uses efficient technologies such as programmable thermostats, occupation detectors and motion sensors, solar-powered products, and zone-based thermostats to conserve energy and improve efficiency.
Further, the report states that high cost of M2M security systems will be a challenge for the market. Multiple sensors are required in homeland security systems that are being deployed in unmanned aerial locations for remote monitoring. All these systems are to be networked appropriately to ensure effective communication methods. Also, the software tool that analyzes the data collected from these remote systems for various parameters such as fleet tracking, asset tracking, and vehicle security is highly expensive.
Due to high maintenance cost and poor budget allocation strategy by the respective governments, the market growth is being affected. Also, the cloud network that is connected to M2M devices is to be securely monitored to avoid theft of confidential information, which requires high operational expenditure (OPEX). Therefore, high costs of M2M security systems pose a threat to the market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Smart Home
A smart home comprises an internal network, home automation, and intelligent control. It is equipped with advanced and automated digital devices, home appliances, and equipment that are interconnected to each other, facilitating sophisticated monitoring and control over the building’s functions. It performs three actions: remote status checks, remote information, and remote control to implement any action from a remote location.
Technavios analysts forecast the global smart home M2M market to grow at a CAGR of 37.69% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart home M2M market for 2016-2020. To calculate the market size, the report considers the revenue generated from solutions that have a smartphone application or a web portal for user interface.
The market is divided into the following segments based on geography:
Technavio’s report, Global Smart Home M2M Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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