Press release
Smart Home M2M Market in Western Europe to Expand at a CAGR of 39.4% to 2020 Due to Rise in M2M Industry
ALBANY, NY, April 26, 2017 : Western Europe is known to be one of the most technologically advanced economies in the world and an early adopter of new technologies across industries. Smart home technology is expected to witness exponential growth and adoption in the coming years in Western Europe. The market promises huge opportunities for the connected M2M home appliance players across industries. The demand for smart homes is expected to see an upsurge in the forecast period owing to the growing need for security and a large number of baby boomers in Western Europe.Technavios analysts forecast the smart home M2M market in Western Europe to grow at a CAGR of 39.4% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the smart home M2M market in Western Europe for 2016-2020. To calculate the market size, Technavio considers the revenue generated from solutions that have a smartphone application or a web portal for the user interface. These include M2M platforms, solutions, and services in the energy management and climate control systems, home appliances, lighting control systems, home entertainment systems, security and access control systems, and healthcare systems.
The market is divided into the following segments based on applications:
Energy management and climate control systems
Security and access control systems
Lighting control systems
Home appliances
Home entertainment systems
Healthcare systems
Technavio's report, Smart Home M2M Market in Western Europe 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.
Key vendors
British Gas
Deutsche Telekom
Honeywell International
Samsung
Vodafone
Other prominent vendors
August
Bosch
BT
Cisco
Control4
Currys
Cyber Homes
EE
Electrolux
GE
Home automation company
Home Smart Home
HomeWizard
LG
Myfox
Nest
Panasonic
SmartThings
TeliaSonera
UK Automation
Whirlpool
Market driver
Increased installation of smart meters
For a full, detailed list, view our report
Market challenge
High cost of M2M security systems
For a full, detailed list, view our report
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Market trend
Adoption of cloud-based technologies for smart home applications
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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