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Global Smart Homes M2M Market 2017-2023 - Key Vendors are Google, Honeywell, Vodafone, Samsung, and Panasonic - Research and MarketsThe "Smart Homes: M2M Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023" report has been added to Research and Markets' offering. It is estimated that the Smart Homes M2M Market will witness a CAGR of 28.1% during the forecast period 2017-2023 The hypergrowth of technologies such as IoT, artificial intelligence (AI), RFID, wearables, and cloud computing are supporting the adoption of these technologies in homes. The integration of technology with home appliances is leveraging ways to save energy, time, and cost. The high penetration of broadband network, growth in digital technology, adoption of Bluetooth and Wi-Fi, proliferation of smartphones and tablets and demand for energy efficient solutions in homes are driving the Smart Homes M2M Market growth. However, high upfront cost, lack of standards, and interoperability are acting as barriers to the market growth. North America is the world's most advanced smart home market with an installed base of 12.7 million smart homes at the end of 2015, which is expected to increase to around 46.2 million by the end of 2020. Nearly 70% of household in Western Europe use Wi-Fi tomanage energy. However, the adoption of ZigBee (News - Alert) is increasing with an expectation to surpass Wi-Fi by the end of 2022. It is estimated that by 2020, around 2.5 million Western European household will be equipped with a smart home controller. The APAC region is growing at a high pace due to cloud-based technology, smart city initiatives, and increased penetration of wearables, especially in India, China, and Japan. The scenario in MEA is changing and expanding the market due to increased spending on smart community projects and increased adoption of sensor technology. The key vendors offering solutions for smart homes include Google, Honeywell, Vodafone, Samsung (News - Alert), and Panasonic. Market Dynamics Drivers
Restraints
Opportunities
Key Topics Covered: 1 Industry Outlook 2 Report Outline 3 Market Snapshot 4 Market Outlook 5 Market Characteristics 6 Applications 7 Connectivity Technology 8 Regions 9 Vendor Profiles
For more information about this report visit https://www.researchandmarkets.com/research/m2rjqt/smart_homes_m2m View source version on businesswire.com: http://www.businesswire.com/news/home/20170808006094/en/ |