London, 20 October 2014: According to research firm TechNavio, the Connected M2M Home Appliance Market in the US is expected to witness significant growth and post a CAGR of 49.98 percent from 2014-2018.
A lot of this growth can be chalked up to the trend towards cloud-managed smart homes.
“The concept of cloud-managed smart homes can go a long way in effectively exploiting the smart home concept and ensuring smooth management of multiple devices,” says Faisal Ghaus, Vice President of TechNavio.
“The cloud aims to reduce the complexity of managing the software and ensure interoperability of devices at home by blending the services intelligence in the network cloud. It will make the entire connected home appliance ecosystem much more accessible and will also increase the reach and variety of services being offered.”
Cloud-managed smart homes will impart a very efficient and flexible approach to connected home services, thus facilitating better customer retention by storing consumer data in the service cloud. This market in the US has already begun to witness the participation of most major players like Samsung Electronics, Google and Apple, and further influx of key vendors will propel market growth in the US over the projected period.
https://www.technavio.com/%3Cp%3EThe%20latest%20report%20by%20TechNavio%2…
