Press release
Smart Home M2M Market - North America Market Propelled by Abundance Availability of Various Home Automation Products
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.
Browse The Report: http://www.transparencymarketresearch.com/smart-home-m2m-market.html
As per a report by Transparency Market Research, the global smart home M2M market will likely expand 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.
North America Market Propelled by Abundance Availability of Various Home Automation Products
Depending upon 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, the energy and climate management segment dominates with a leading share. In 2016, the segment held over a fourth of the share in the market.
Geographically, North America, South America, Europe, Asia Pacific, and the Middle East and Africa are the key segments of the global smart home M2M market. North America of them, held a leadings share of 35% in 2016. The region’s expansion has been driven primarily by the U.S. Knowledge 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 have helped catalyse growth in the North America market.
Home Security Systems at the Forefront of Driving Growth
At the forefront of driving growth in the global smart home M2M market is the swift uptake of smart home security systems. “The traditional systems are mainly operated manually and have several disadvantages. Smart home security systems, with enhanced 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, helps to overcome those disadvantages. This has helped boost the global smart home M2M market.”
Further, the growing applications of smart appliances such as vacuum cleaners washing machines, HVAC systems, kitchen equipment, televisions, etc., lighting systems, and other connected consumer electronics have also served to bolster the smart home M2M market globally. “Such devices are mostly connected to the Wi-Fi system of a home and can be controlled through a smart phone application or via a remote control among other systems. Owing to such advantages, the demand for smart appliances is gaining popularity across different geographic locations,” elaborates the lead analyst of the report.
Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23789
Concerns over Security Breaches Hamper Market
Posing a roadblock to the global smart home M2M market, on the other hand, is the concerns over breach of security and compatibility issues with legacy systems. However, the continuous advancement in technology, falling prices of semiconductor devices and growing adoption of home automation can be expected are expected to create new avenues for growth in the market, states the analyst.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Home M2M Market - North America Market Propelled by Abundance Availability of Various Home Automation Products here
News-ID: 662888 • Views: …
More Releases from Transparency Market Research
RF Chip Inductor Market Size to Reach over USD 1.8 billion by 2031 - Transparenc …
RF Chip Inductor Market are essential components in various electronic devices, providing inductance and functioning as filters, oscillators, and transformers. They play a crucial role in ensuring the efficiency and performance of RF circuits. With the rapid advancement in telecommunications, consumer electronics, and automotive industries, the demand for RF chip inductors has seen a significant rise. These components are integral in applications such as smartphones, IoT devices, and automotive electronics,…
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during…
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as…
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as…
More Releases for M2M
M2M Connected Services Market Set To Rising Industry Demand, Latest Advancements …
The Worldwide "M2M Connected Services Market" Report has continued to grow over the past few years and is projected to grow at a good pace during the forecast period of 2022-2028 . This research provides 360-degree views and insights and highlights key achievements in the M2M Connected Services industry. In particular, it sheds light on market fluctuations, price structure, uncertainties, potential risks and growth prospects to help players plan effective…
M2M Mobile Services Market Booming Global Highest Growth and Innovative Technolo …
The Global "M2M Mobile Services Market" report focused on the comprehensive analysis of current and future prospects of the M2M Mobile Services industry. This report highlights primary and secondary research, which provides market size, company share, dynamics, forecast, macro, and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the M2M Mobile Services market has been done in order to calculate…
Agriculture Machine to Machine (M2M) Agriculture Machine to Machine (M2M)
Global Agriculture Machine to Machine (M2M) market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. Significant market players of market their aggressive scene, improvement plans and arrangements are clarified in the research report. Further, the market status and SWOT analysis are conducted on a regional and country level to prepare development plans and analyse the market…
Healthcare M2M Market | M2M Healthcare Solutions Gain Traction in Sports and Fit …
Some of the leading players operating in the healthcare M2M (machine-to-machine) market are Telefonica S.A., AT&T Inc., Vodafone Group plc, and GE Healthcare. Developing innovative healthcare data management methods and offering user-friendly IoT solutions are seminal factors governing the competitive dynamics in the market. Several players are keen on offering M2M solutions on cloud models to gain a competitive edge over others, finds Transparency Market Research (TMR).
The leading players…
Cellular M2M Markets
Consistent growth driven mainly by Automotive and Utilities
This report analyses the overriding trends and changes taking place in the M2M market around the globe.
It explores the driving forces behind the market’s growth and transformation, including an examination of major market trends, plus volume and value forecasts up to 2020 by region (4) and by country (25).
It also presents the quantitative evolution of cellular modules, by application and by networking technology.…
M2M Communication Market: Asia Pacific has high potential for growth of M2M appl …
The machine to machine technology, also known as M2M is a type of data communication between the systems or machines. The systems enabled with M2M applications do not need any human intervention for functioning and the machine communicates with each other. There is high scope for the Machine to Machine Communication Market owing to emerging platforms such as IoT for use of machine to machine technology during 2016-2021
Scope and Regional…
