DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Smart Home M2M Market 2016-2020" report to their offering.
The report forecasts the global smart home M2M market to grow at a CAGR of 37.69% during the period 2016-2020.
Bluetooth technology for actions like controlling light bulbs and clicking a picture of the person outside the home for identification purpose are gaining popularity in the market. The main advantage is the easier and the fast communication that occurs due to Bluetooth technology, unlike Wi-Fi that consumes time due to cloud networking for transferring and retrieving the information.
According to the report, one of the key drivers for market growth will be rise in demand for energy conservation systems. The adoption of appliances such as TVs, refrigerators, security cameras, dishwashers, and microwave ovens is increasing rapidly in APAC countries such as China, Japan, Malaysia, Singapore, India, and Indonesia. These appliances consume large amounts of energy to function efficiently. Owing to rising energy costs, consumers are seeking energy efficient solutions such as smart homes. A smart home uses efficient technologies such as programmable thermostats, occupation detectors and motion sensors, solar-powered products, and zone-based thermostats to conserve energy and improve efficiency.
Further, the report states that high cost of M2M security systems will be a challenge for the market.
Key vendors:
- AT&T
- British Gas
- China Mobile
- Comcast
- Deutsche Telekom
- Honeywell International
- Samsung
-
Vodafone
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
For more information about this report visit http://www.researchandmarkets.com/research/f5rlqr/global_smart_home