Press release
Smart Home M2M Market Size, Share, Trends, Growth And Key Players Over 2032
Smart Home M2M Market
The Business Research Company's Smart Home M2M Global Market Report 2023 identifies rise in popularity of smart appliances as the major driver for the Smart Home M2M market's growth in the forecast period. Smart appliances have wireless connectivity and sensors that allow remote control or autonomous operation via human input, scheduling, or artificial intelligence and machine learning (AI/ML). Smart appliances utilize machine-to-machine communication in the smart home to offer users seamless integration and automation of data to coordinate tasks to enhance efficiency and facilitate communication among the devices that enable centralized control and coordination of multiple devices that aid in day-to-day activities with human intervention
The global smart home M2M market is expected to grow from $10.56 billion in 2022 to $12 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart home M2M market is expected to reach $19.8 billion in 2027 at a CAGR of 13.3%.
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Major competitors in the Smart Home M2M market are China Mobile Ltd., AT&T Inc., Deutsche Telekom AG, Robert Bosch GmbH, Siemens AG, Panasonic Corporation, Intel Corporation, Cisco Systems Inc., LG Electronics Inc., Qualcomm Technologies Inc., ABB Ltd., Schneider Electric SA, Legrand SA, Ingersoll-Rand PLC, Crestron Electronics Inc., PTC Inc., Vivint Smart Home Inc, Lutron Electronics Co. Inc., Control4 Corporation, Zoho Corporation, Sierra Wireless Inc., KORE Wireless Group, Telit Communications PLC, Rachio Inc., and ThroughTek Co. Ltd
A key trend in the Smart Home M2M market includes technological advancement. Major companies in the smart home M2M are focused on integrating wireless technology and artificial intelligence into their products to strengthen and sustain their position in the market
Read More On The Global Smart Home M2M Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-home-machine-to-machine-m2m-global-market-report
The Smart Home M2M market is segmented -
1) By Type: Wi-Fi, Bluetooth, Cellular Connectivity Technologies
2) By Technology: Wireless, Wired
3) By Application: Access and Security Control, Energy and Climate Management, Home Entertainment, Lighting, Smart Appliances, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart Home M2M market.
The Business Research Company's "Global Smart Home M2M Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart Home M2M Market Include:
1. Executive Summary
2. Smart Home M2M Market Characteristics
3. Smart Home M2M Market Trends And Strategies
4. Smart Home M2M Market - Macro Economic Scenario
5. Smart Home M2M Market Size And Growth
........
32. Global Smart Home M2M Market Competitive Benchmarking
33. Global Smart Home M2M Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Home M2M Market
35. Smart Home M2M Market Future Outlook and Potential Analysis
36. Appendix
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