Smart Home M2M Market in UK 2017-2021
About SmartHome M2M
A smart home comprises of an internal network, home automation, and intelligent control. It is equipped with advanced and automated digital devices, home appliances, and equipment that are interconnected to each other. This facilitates sophisticated monitoring and control over the building's functions. It performs three major actions -remote status checks, remote information, and remote control -to implement any action from a remote location.
Technavio’s analysts forecast the smarthome M2M market in UK to grow at a CAGR of 23.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the smarthome M2M market in UK for 2017-2021. To calculate the market size, the report considers the revenue generated from solutions that have a smartphone application or a web portal for the user interface.Technavio's report, SmartHome M2M Market in UK 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – SmartHome M2M Market in UK 2017-2021
Technavio recognizes the following companies as the key players in the smarthome M2M market in UK: British Gas, Deutsche Telekom, Honeywell International and Vodafone.
Other Prominent Vendors in the market are: Bosch, BT, Cisco, Control4, EE, Emerson, GE, Google, LG, Panasonic, Samsung and Whirlpool.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of pocket drones with personal security features. Pocket-sized drones typically hover at an altitude of 20 feet over the person, and the camera captures every movement of the individual. Drones are very useful to track criminals as they capture crucial information that can be used for identification.”
According to the report, one driver in the market is cost savings due to effective monitoring technology. Smart homes are equipped with interactive security systems to provide enhanced security features to the users. Generally, smart homes incorporate different types of automatic systems, such as motion and window sensors, thermostats, light controls, and door lock controls, that receive control signals remotely and act upon them.
Further, the report states that one challenge in the market is interoperability issues in IoT technology. IoT technology is a complex network of sensors that comprises an enormous amount of unstructured data. However, connected devices with many incompatible systems fail to create a seamless programmability from the sensors in IoT. There is no dedicated and compatible standard where horizontal platforms can operate, be programmable across devices, and communicate with easy management of connected systems.
British Gas, Deutsche Telekom, Honeywell International, Vodafone, Bosch, BT, Cisco, Control4, EE, Emerson, GE, Google, LG, Panasonic, Samsung and Whirlpool.