Smart Home M2M Market
Smart Home M2M Market (Technology - Wireless (Wi- Fi and Cellular) and Wired; Application - Access and Security Control, Energy and Climate Management, Home Entertainment, and Lighting) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Press Release :
Global Smart Home M2M Market: Snapshot
Presence of a considerable number of large vendors makes the global smart home M2M market fragmented in nature. The players include platform providers, telecommunications operators, chip providers, original equipment manufacturers (OEM), and device manufacturers. Stiff competition prevails among them.
Majorly fuelling the global smart home M2M market is the adoption of smart home security systems, which steal a march over manually operated traditional systems, with superior features such as text message based motion detection notifications, remote monitoring of residential property, and automatic opening of doors and windows when smoke alarm is sounded, among others.
Another factor stoking growth in the global smart home M2M market is the increasing sales of smart appliances such as vacuum cleaners, washing machines, HVAC systems, kitchen equipment, televisions, etc., lighting systems, and other connected consumer electronics.
Acting as a hindrance to the global smart home M2M market is the concerns over security breaches and compatibility issues with legacy systems. However, continued progress in technology will overcome the challenge and open up new opportunities for growth.
A report by Transparency Market Research forecasts the global smart home M2M market to rise at a robust 13.3% CAGR between 2017 and 2025 to reach a value of US$16.316 mn by 2025 from US$5.421 million in 2016.
Energy and Climate Management Application Segment Leads Market
Based on applications, the global smart home M2M market can be divided into energy and climate management, access and security control, home entertainment, and lighting, among others, including M2M technology for connected wellness and smart appliances. At present, energy and climate management segment dominates with a leading share. In 2016, the segment held over a fourth of the share in the market on the back of increasing wireless internet penetration and the growing awareness of cloud services, among consumers.
Strengthening Economic Fundamentals Make Asia Pacific Promising Market
Geography-wise, the main segments of the global smart home M2M market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America, powered by the U.S., among them, accounted for a dominant 35% share in the market in 2016. Some of the growth drivers in the region’s market are awareness about the benefits of home automation, widespread availability of different home automation products, concentration of numerous vendors, and easy availability of skilled personnel required for home automation.
Europe trails North America in the global smart home M2M market vis-à-vis revenue. Driving growth in the continent is the presence of substantial number of smart home M2M vendors and the swift uptake of home automation. Germany is the primary driver of growth in the region.
Asia Pacific is another key market, which is being bolstered by the countries of China, India, and Japan. On account of a booming semiconductor and electronics manufacturing sector in the region and falling prices of raw materials for semiconductors and electronics, home automation market is receiving a boost in the market. This in turn is stoking growth in the smart home M2M market too. The thrust on building smart cities in most nations of Asia Pacific is also catalysing growth.
Some of the prominent names operating in the global smart home M2M market are Cisco Systems, Inc., AT&T, Inc., Gemalto NV, Intel Corporation, Vodafone Group PLC, Telit Communications PLC., Deutsche Telekom AG, Sprint Corporation, KORE Wireless Group, Inc., and Sierra Wireless, Inc.
Global Smart Home M2M Market: Overview
Strategic study of the global smart home M2M market, and the growth forecast for the period 2017 to 2025, has been provided in this report. Under the scope of the report, competitive analysis of various market segments, based on technology, application, and in-depth cross-sectional scrutiny of the smart home M2M market across different regions, has been provided. The smart home M2M market primarily deals with network systems and components, required for home automation.
The fast adoption of smart home security systems globally has primarily been fuelling the growth of the smart home M2M market. Growing affordability of smart electronics, coupled with falling internet costs have also been instrumental in positively impacting the growth of the smart home M2M market globally, as it led to higher adoption of home automation. The market is also being driven by the growing popularity of smart appliances across different geographic locations.
Global Smart Home M2M Market: Segmentation
In terms of technology, the global smart home M2M market is segmented into wireless and wired. The wireless segment has been further segmented into Wi-Fi, cellular and others. On the basis of application, the global smart home M2M market has been segmented into access & security control, energy & climate management, home entertainment, lighting and others. The market revenue for smart home M2M has been provided in terms of USD million, along with the compound annual growth rate (CAGR) for the forecast period from 2017 to 2025. In-depth analysis of the current trends in different regions including North America, Europe, Asia Pacific, South America and Middle East & Africa (MEA), under the regional market analysis present in the report. The regional overview, provided in the report for each region, details the current trends of the smart home M2M market for the respective regions.
Global Smart Home M2M Market: Drivers and Restraint
The report also provides specific assessment of the various factors impacting the global smart home M2M market’s growth, which are described as growth drivers, market restraints, and opportunities. These factors aid in pointing out the various existing and upcoming trends, coupled with their impact on market growth. Overall, considering the various factors affecting the smart home M2M market, the report includes a comprehensive analysis of the global smart home M2M market, and provides the anticipated growth for the forecast period 2017 to 2025.
Global Smart Home M2M Market: Competitive Analysis
For supporting strategic decision-making, the report also includes competitive profiling of leading companies of smart home M2M market, their overview, SWOT analysis, different product and business segments, unique business strategies adopted by them, revenue garnered by the companies and their regional revenue share. The SWOT analysis, provided for each of the companies profiled, focuses on the strengths, weaknesses, opportunities and threats of the profiled companies, thus providing a enhanced understanding of the position of the major players in this market. Key stakeholders of the report include product manufacturers, product integrators, distributors, service providers and others.
Value chain analysis, included in the report, allows for a better understanding of the key stakeholders covered under the scope of the report and how the stakeholders are contributing to the smart home M2M market. The market attractiveness analysis, and competitive landscape included in the report provide insight into market dynamics, competition present in the industry and the most attractive segments in the smart home M2M market. The competitive landscape, provided in the report, allows for a better understanding of the major strategies undertaken by the industry leaders and their plans for a sustained growth in this industry.
Some of the leading players in the market are Cisco Systems, Inc. (The U.S.), AT&T, Inc. (The U.S.), Gemalto NV (The Netherlands), Intel Corporation (The U.S.), Vodafone Group PLC (The U.K.), Telit Communications PLC. (The U.K.), Deutsche Telekom AG (Germany), Sprint Corporation (The U.S.), KORE Wireless Group, Inc. (The U.S.), and Sierra Wireless, Inc. (The U.S.) among others.
The global smart home M2M market has been segmented as follows: