11-14-2017 04:23 PM CET - Industry, Real Estate & Construction
Print

Advantages of Security, Comfort, and Convenience Key Propositions Driving Demand of Smart Home M2M Market

Press release from: Transparency Market Research
PR Agency: Transparency Market Research

Presence of a considerable number of large vendors makes the global smart home M2M market fragmented in nature. The players include platform providers, telecommunications operators, chip providers, original equipment manufacturers (OEM), and device manufacturers. Stiff competition prevails among them.

Majorly fuelling the global smart home M2M market is the adoption of smart home security systems, which steal a march over manually operated traditional systems, with superior 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, among others.

Another factor stoking growth in the global smart home M2M market is the increasing sales of smart appliances such as vacuum cleaners, washing machines, HVAC systems, kitchen equipment, televisions, etc., lighting systems, and other connected consumer electronics.

Obtain Report Details @
www.transparencymarketresearch.com/smart-home-m2m-market....

Acting as a hindrance to the global smart home M2M market is the concerns over security breaches and compatibility issues with legacy systems. However, continued progress in technology will overcome the challenge and open up new opportunities for growth.

A report by Transparency Market Research forecasts the global smart home M2M market to rise 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.

Energy and Climate Management Application Segment Leads Market

Based on 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, energy and climate management segment dominates with a leading share. In 2016, the segment held over a fourth of the share in the market on the back of increasing wireless internet penetration and the growing awareness of cloud services, among consumers.

Strengthening Economic Fundamentals Make Asia Pacific Promising Market

Geography-wise, the main segments of the global smart home M2M market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America, powered by the U.S., among them, accounted for a dominant 35% share in the market in 2016. Some of the growth drivers in the region’s market are awareness 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.

Request Sample @
www.transparencymarketresearch.com/sample/sample.php?flag...

Europe trails North America in the global smart home M2M market vis-à-vis revenue. Driving growth in the continent is the presence of substantial number of smart home M2M vendors and the swift uptake of home automation. Germany is the primary driver of growth in the region.

Asia Pacific is another key market, which is being bolstered by the countries of China, India, and Japan. On account of a booming semiconductor and electronics manufacturing sector in the region and falling prices of raw materials for semiconductors and electronics, home automation market is receiving a boost in the market. This in turn is stoking growth in the smart home M2M market too. The thrust on building smart cities in most nations of Asia Pacific is also catalysing growth.

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.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

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.
News-ID: 816569 • Views: 279
More releases More releases
Permanent link to this press release:

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 here: