Smart Home M2M Market - Drivers and Forecasts by Technavio

Technavio has published a new report on the global smart home M2M market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio analysts forecast the global smart home M2M market to grow at a CAGR of over 32% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global smart home M2M market for 2017-2021. To calculate the market size, the report considers revenue generated from solutions that have a smartphone application or a web portal for the user interface.

The proliferation of smartphones and tablets is producing more growth opportunities in this market. In addition, telecom operators globally are enhancing their network management capabilities to provide strong and stable connectivity solutions to support the specific requirements of smart homes. They maintain a secure and regular billing process to build strong customer relationships.

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Technavio’s ICT analysts highlight the following three factors that are contributing to the growth of the global smart home M2M market:

Cost savings due to the adoption of energy conservation systems

Smart home infrastructure provides users the most convenient way of living. It also helps consumers save money on electricity. Smart technology provides different means of monitoring and controlling 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. The use of smart devices eliminates Phantom energy or idle current.

Abhishek Sharma, a lead M2M and connected devices research analyst at Technavio, says, “A low-cost energy-efficient smart home was built in London, 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.”

Increased installation of smart meters

Smart meters offer an extensive range of interactive and intelligent solutions. They allow consumers to effectively manage energy resources by providing consumption details at every point in time. They send the relevant details of home energy use to the energy supplier so that the electricity bill can be sent without having to physically check the reading on the home meter.

In APAC, government organizations are taking major initiatives to install smart meters. In 2015, 7.5 million smart meters were installed in Japan. In 2015, smart meters were installed in more than 50% of South Korean households. Smart meters offer a range of interactive and intelligent solutions,” adds Abhishek.

Enhanced global broadband connectivity

Internet connectivity is an important access channel to support and enable communications across large-scale IoT devices. The advent of high-speed 4G LTE wireless networks has helped support high-bandwidth M2M applications. The adoption of 4G for IoT communications is being driven by the multiple strategies used by operators, such as differentiated bandwidth pricing, subsidized pricing of connected wireless modules (including modems and gateways), easily deployable cross-vertical industry solutions, and bundled cloud-based platform solutions.

With the increase in availability of 4G LTE, the smart city ecosystem is expected to evolve at a much faster rate during the forecast period. 4G LTE provides higher bandwidth as well as faster data connections. In 2015, 430 commercial LTE networks and 100 long-term evolution-advanced (LTE-A) networks were deployed worldwide.

Top vendors:

  • AT&T
  • British Gas
  • China Mobile
  • Comcast
  • Honeywell International
  • Vodafone

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global smart home M2M market to grow at a CAGR of over 32% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com