Smart home M2M: key market research findings
- Growing usage of ambient intelligence
- Increased demand for energy conservation systems
Technavio has added a new market research report on the smart home M2M market in UK, to its smart home portfolio. The smart home M2M market in UK is expected to generate revenue worth US $7 billion between 2015 and 2019, owing to augmented application of IoT in smart homes. The UK plans to equip smart meter in every house by 2020. Smart meters are the next generation energy generators that display and control the energy consumption and provide the opportunity for remote meter reading.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The rapid penetration of IoT has encouraged the concept of connected homes, which can be securely accessed and controlled through internet. Ambient intelligence systems are increasingly being incorporated with informatics from Big Data analytics and ubiquitous smart devices. This integration has created smart home systems that sense the requirements of the inhabitant and respond accordingly, creating ubiquitous homes,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
Consumers are increasingly looking out for efficient energy solutions such as smart homes. A smart home uses technologies such as programmable thermostats, occupation detectors and motion sensors, solar-powered products, and zone-based thermostats to conserve energy and improve efficiency. Power timers and monitors provide real-time feedback about the amount of energy consumed. These energy conservation systems provide information about the appliances that consume more energy and their duration of energy utilization.
The key vendors in the smart home M2M market in UK are AlertMe.com, BT, Cisco Systems, Honeywell, Samsung, EE and Vodafone. The market is highly fragmented and comprises telecommunication operators, platform providers, chip providers, device manufacturers, and OEMs. Many new entrants are expected to enter the market during the forecast period, resulting in intense competition in the market.
A more detailed analysis is available in the Technavio report, Smart Home M2M Market in UK: Market Research Report 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Smart Grid Home Area Network (HAN) Market 2015-2019
- Smart Home M2M Market in Western Europe 2015-2019
- Smart Home M2M Market in the US 2015-2019
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