Detailed examination of the smart home M2M market to grow at a CAGR 32.22% to 2021

Consumer & Luxury Goods Market Research News

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WhaTech Channel: Consumer Market Research

Published: 26 March 2017

Submitted by RNR Market Research. WhaTech Agency

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The Global Smart Home M2M Market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the market during 2017-2021.

The Smart Home M2M Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the global smart home M2M market: AT&T, British Gas, China Mobile, Comcast, Honeywell International, and Vodafone.

Other Prominent Vendors in the market are: Alarm.com, Amdocs, ARRIS International, August Home, Bosch, BT, Canary Connect, China Telecom, China Unicom, Cisco, Cocoon Labs, CONTROL4 CORPORATION, Crestron Electronics, Cyber Homes, Dacor, Deutsche Telekom, Electrolux, Emerson, G4S, Google, Haier, Korner, LG, MivaTek, Nest Labs, NETGEAR, Panasonic, Samsung, SimpliSafe, SK Telecom, Sprint, Sonera, Thermador, Verizon Communications, Vivint, Whirlpool, and Withings (Nokia).

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One trend in market is use of Bluetooth and low-power Wi-Fi to operate smart home products.

Products that use Bluetooth technology for actions like controlling light bulbs and clicking a picture of the person outside the house for the purpose of identification are gaining popularity in the market.

The main advantage of Bluetooth technology is that it is easier to use and allows faster communication compared to Wi-Fi.

Usually, Wi-Fi is slower as takes time use cloud networking for transferring and retrieving the information. Low-power Wi-Fi has its significance as it combines Roost (a connected battery) and Homeboy (a rechargeable security camera).

Roost converts a smoke detector into a connected smoke detector working with the low-power Wi-Fi IP, which is built as per the standard protocol.

According to the report, one driver in market is cost savings due to the adoption of energy conservation systems. Smart home infrastructure provides users the most convenient way of living.

It also aids the consumers to save costs of electricity. Smart technology provides different means to monitor and control the use of resources depending upon the requirement for energy consumption.

Electronic devices like microwaves continue to draw power when they are turned off but still plugged in; this is called Phantom energy.

Use of smart devices eliminates Phantom energy or idle current. In 2014, the light controls market and the automated thermostats market witnessed a substantial revenue generation in the US and Western Europe to meet the increased demand for smart home convenience.

In 2015, a low-cost energy-efficient smart home was built in London (UK), which transfers energy to the national electricity grid rather than consuming it as a prototype for a zero-carbon housing set. This is an initiative taken by the UK government to lower the demand for energy substantially.

The house was designed with features like thermal insulation that prevents air leakage, fosters solar energy generation, and enables battery storage of the power generated during the day.

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Further, the report states that one challenge in market is high cost of M2M security systems. Multiple sensors are required for homeland security systems that are being deployed in unmanned aerial locations for remote monitoring.

All these systems are to be networked appropriately to ensure effective communication among devices.

The software tool that analyzes the data collected from these remote systems for parameters such as fleet tracking, asset tracking, and vehicle security is also highly expensive. The market growth will be affected due to high maintenance cost and meagre budget allocation by the governments worldwide.

The cloud network that is connected to M2M devices must be securely monitored to avoid theft of confidential data, which requires high OPEX.

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