About Smart Home M2M
Smart home comprises internal network, home automation, and intelligent control. It is a home equipped with digital devices, home appliances, and equipment that are interconnected with each other and can be remotely accessed by users with their of their smartphones or tablets from any location. A smart home also offers a wide variety of applications like home automation, home security, energy management, home cloud, and e-health services, providing convenience and safety to consumers, and enhancing the quality of life. Adoption of smart home appliances reduces energy bills by minimizing wastage of energy.
Technavio’s analysts forecast the smart home M2M market in APAC to grow at a CAGR of 40.63% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the smart home M2M market in APAC for 2016-2020. To calculate the market size, the report considers the revenue generated from categories such as connected homes, home entertainment systems, home appliances, energy management and climate control systems, security and access control systems, lighting control systems, healthcare systems, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Smart Home M2M Market in APAC 2016-2020
Technavio recognizes the following companies as the key players in the Smart Home M2M Market in APAC: China Mobile, China Unicorn, Honeywell, and Samsung Electronics.
Other Prominent Vendors in the market are: Amdocs, Arris Enterprises, Bosch, CHN Smart, China Telecom, Control4, Crestron Electronics, Electrolux Home Products, Emerson Electric, GE, Google, Haier, IBM, Ingersoll-Rand, Landis+Gyr, Legrand, Leviton Manufacturing, LG Electronics, Lutron Electronics, NETGEAR, Philips Electronics, Samsung, Siemens, SmartThings (Samsung), SoftBank, SK Telecom, Tyco International, United Technologies, and Whirlpool.
Commenting on the report, an analyst from Technavio’s team said: “The growing use of wearable devices is expected to have a positive impact on the market. Wearable devices are also being widely used in hospitals and connected homes to provide better healthcare facilities to people. These devices work on M2M technology as data exchange takes place between two devices. A wearable device, for example, can capture the movements of a patient with mental illness, and the data can be directly sent to a physician's tablet or any other handheld device. Wearable devices such as activity trackers, smartwatches, glucose monitors, heart rate monitors, health monitors, and pedometers are used to track the activities of doctors, staff, and patients.”
According to the report, rising demand for safety and security will propel growth of the smart home M2M market. Smart homes enable interactive security systems that increase the level of protection expected by consumers. Smart homes incorporate automatic systems, which include motion and window sensors, thermostats, lights, and door lock controls. Remote controls can be used to manage these systems so that they perform the required actions effectively; remote control signals are sent through wireless GSM technology to ensure reliable and fast communication between consumers and home security systems. The automatic systems also help monitor pets through cameras installed in homes.
Further, the report states that high initial investment for home automation could deter consumers from adopting such solutions.
China Mobile, China Unicorn, Honeywell, Samsung Electronics, Amdocs, Arris Enterprises, Bosch, CHN Smart, China Telecom, Control4, Crestron Electronics, Electrolux Home Products, Emerson Electric, GE, Google, Haier, IBM, Ingersoll-Rand, Landis+Gyr, Legrand, Leviton Manufacturing, LG Electronics, Lutron Electronics, NETGEAR, Philips Electronics, Samsung, Siemens, SmartThings (Samsung), SoftBank, SK Telecom, Tyco International, United Technologies, Whirlpool.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook