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This market research report analyzes the key players in the global smart home M2M market such as AT&T, British Gas, China Mobile, Comcast, Deutsche Telekom, Honeywell, Samsung, and Vodafone. A comprehensive study of this market is also presented by application (energy management and climate control systems, healthcare systems, home entertainment systems, home appliances, lighting control systems, and security and access control systems) and by geography (the Americas, APAC, and EMEA).
Outlook of the smart home M2M market
Technavio’s market research analyst predicts that the global smart home M2M market will grow at an impressive CAGR of nearly 35% during the forecast period. An important factor spurring the growth prospects for this market is the advent of high-speed 4G LTE wireless networks, which support high-bandwidth M2M applications. Most of the operators have adopted multiple strategies like low bandwidth pricing, subsidized pricing of modems and gateways, easily deployable cross-vertical industry solutions, and bundled cloud-based platform solutions, which is driving the adoption of 4G for IoT communications. Smart home systems are gaining traction with the advent of high-speed internet services as most appliances function effectively with the help of wireless connectivity. Additionally, the high penetration of Wi-Fi connectivity in residences is fueling the growth prospects for this market as numerous appliances can be added to the home network without the use of external controllers.
The advent of enhanced security and safety features with effective monitoring technology is one of the major trends impelling the growth prospects for this market. Smart homes incorporate several automatic systems, such as motion and window sensors, thermostats, light controls, and door lock controls that receive remote control signals from the users. These signals are sent over GSM technology to ensure a reliable and fast communication between the user and the home security systems. For instance, AT&T’s Digital Life uses the 3G wireless network to address critical situations by directly contacting the fire, medical, or any other emergency authorities.
Competitive landscape and key vendors
The global smart home M2M market is characterized by the presence of large vendors operating in different industry verticals. The market is highly fragmented and consists of telecommunications operators, platform providers, chip providers, device manufacturers, and OEMs. The market also has high growth potential due to increased broadband connectivity in households across the globe. As a result, wireless phone providers such as AT&T and Vodafone are facing stiff competition in terms of package offerings.
Key vendors in the market are -
Other prominent vendors in the market are Amdocs, Arris Enterprises, August, Bosch, BT, China Telecom, China Unicom, CHN Smart, Cisco, Control4, Crestron Electronics, Currys, Cyber Homes, Dacor, EE, Electrolux, Emerson Electric, Frigidaire, Frontpoint, G4S, GE, Google, Haier, Home, Home Smart Home, HomeWizard, iControl Networks, Ingersoll-Rand, Korner, LG, LifeShield, MivaTek, Myfox, Nest, NETGEAR, Panasonic, SimpliSafe, SK Telecom, SmartThings, Sprint, TeliaSonera, Thermador, UK Automation, Vivint, Whirlpool, Withings, and Xfinity.
Segmentation by application and analysis of the smart home M2M market
Energy management and climate control systems
Home entertainment systems
Lighting control systems
Security and access control systems
By 2020, the energy management and climate control systems segment is forecasted to generate revenues of over USD 19 billion. The market for energy management is driven by wireless internet penetration and the growing awareness of cloud services among consumers. Also, with the emergence of technologies such as ZigBee and Wi-Fi, the prospects for growth in this market segment will have a positive outlook. Furthermore, factors like the recent decrease in the prices of monitoring and control devices will fuel the adoption of energy management and climate control systems among corporate customers.
Geographical segmentation and analysis of the smart home M2M market
In terms of geography, EMEA is one of the highest revenue contributing regions and is expected to reach more than USD 50 billion by 2020. The growth of this market in the region is driven by factors such as availability of high-speed wireless networks and the increase in smartphone penetration. M&As in the smart home ecosystem and the recent increase in government investments will also lead to the growth of this market in EMEA.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global smart home M2M market?
What are the key market trends impacting the growth of the global smart home M2M market?
What are the challenges to market growth?
Who are the key vendors in the global smart home M2M market?
What are the market opportunities and threats faced by the vendors in the global smart home M2M market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global smart home M2M market?