Press release
Surge In Smart Appliances Drives Growth Of Smart Home M2M Market: Transformative Forces Shaping the Smart home Machine-to-Machine (M2M) Market Landscape in 2025
Smart home Machine-to-Machine (M2M) Market
What Will the Smart home Machine-to-Machine (M2M) Industry Market Size Be by 2025?
The market size for machine-to-machine (m2m) in the smart home sector has experienced brisk expansion recently. The market is projected to swell from $13.32 billion in 2024 to $14.83 billion in 2025, signifying a compound annual growth rate (CAGR) of 11.3%. Factors such as increased consumer consciousness, security and surveillance requirements, need for energy-saving and cost-cutting, incorporation into the smart home systems, and the growing preference for convenience among consumers have contributed to the growth during the historic period.
What's the Long-Term Growth Forecast for the Smart home Machine-to-Machine (M2M) Market Size Through 2029?
In the ensuing years, there's an anticipated swift expansion in the smart home machine-to-machine (m2m) market, with projections setting its size at $26.24 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.3%. This predicted escalation during the forecast period is linked to factors such as the incorporation of AI and machine learning, applications in health and wellness, extended connectivity norms, improved home automation experiences, and smart city amalgamation. The forecast period also sees significant trends such as home automation hubs, enhanced home health tracking, AI and machine learning incorporation, interoperability standards, and services based on subscription models.
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What Are the Key Growth Drivers Fueling the Smart home Machine-to-Machine (M2M) Market Expansion?
The surge in the acceptance of smart appliances is slated to boost the expansion of the smart home M2M market in the future. These hi-tech appliances, equipped with wireless connections and sensors, enable remote control or self-governing operation through human instructions, organized plans, or with the aid of artificial intelligence and machine learning (AI/ML). They deploy machine-to-machine dialogue within the smart home, providing the users with flawless interlinking and mechanical data coordination to augment efficiency and encourage communication amid devices. It facilitates a central control and coordination of numerous appliances that assist in everyday chores with human intervention. For example, as pointed out by DATACONOMY, a German press institution specializing in data-centric technology, there has been a global increment of 10% in the typical number of connected devices and smart home appliances per home, from 15.5 in 2021 to 17.1 in 2022. Thus, the escalating acceptance of smart appliances propels the expansion of the smart home M2M marketplace.
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What Are the Key Trends Driving Smart home Machine-to-Machine (M2M) Market Growth?
The rise in technology is emerging as a crucial trend in the smart home M2M market. Big players in the smart home M2M market focus on incorporating wireless technologies and AI innovations into their products to maintain a competitive edge. For example, TP-Link, a network equipment company based in the US, unveiled the Deco X50-PoE in April 2023 to revolutionize home mesh Wi-Fi networking. The Deco X50-PoE, a Wi-Fi 6 mesh system, delivers AX3000 dual band speeds of up to 3.0 Gbps, which can efficiently handle up to 150 devices, making it perfect for streaming and gaming. Its Power over Ethernet (PoE) functionality allows for data and power transportation through a single cable, simplifying setup. With two auto-sensing ports, it can be situated anywhere in the house, ensuring dependable internet connectivity even in areas with no nearby power supply.
How Is the Smart home Machine-to-Machine (M2M) Market Segmented?
The smart home machine-to-machine (m2m)market covered in this report 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
Subsegments:
1) By Wi-Fi: 802.11A/B/G/N/AC/AX Standards, Smart Speakers, Smart TVs, Smart Lighting, Home Security Systems
2) By Bluetooth: Bluetooth Classic, Bluetooth Low Energy (BLE), Smart Home Devices, Wearable Devices
3) By Cellular Connectivity Technologies: 3G, 4G (LTE), 5g, NB-IoT (Narrowband Internet Of Things), Smart Thermostats, Security Cameras
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Which Companies Are Leading the Charge in Smart home Machine-to-Machine (M2M) Market Innovation?
Major companies operating in the smart home machine-to-machine (M2M) market include 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., ThroughTek Co. Ltd.
Which Regions Are Leading the Global Smart home Machine-to-Machine (M2M) Market in Revenue?
North America was the largest region in the smart home machine-to-machine (M2M) market in 2024. The regions covered in the smart home machine-to-machine (M2M) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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