Press release
Smart Home M2M Market in Western Europe is Expected to grow at a CAGR of 39.4% during 2016-2020
Albany, NY, Jan 19: 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.The smart home M2M market in Western Europe to grow at a CAGR of 39.4% during the period 2016-2020. 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.
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.
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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
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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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