Technavio’s market research analyst predicts the smart home M2M market in APAC to grow profoundly at a CAGR of around 41% during the forecast period. The increasing demand for energy efficient solutions has been positively affecting the market for smart home M2M in APAC. In this market study, the analysts have estimated eminent factors, such as the high penetration of broadband networks, growing awareness of digital technologies among residential users, and the increased dependency on technology for daily activities, to spur the prospects for market growth until 2020.
The populace’s augmented demand for security and safety will have a positive effect on this market. Recently, it has been observed that demand for smart homes is rising as they 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. These systems can be accessed with the help of a remote that sends signals through wireless GSM technology to ensure reliable and fast communication between consumers and home security systems.
Segmentation by regions and analysis of the smart home M2M market in APAC
The smart home M2M market in China is anticipated to grow at a CAGR of around 51% during the forecast period. The concept of smart home is in the nascent stage in China but is expected to grow rapidly during the forecast period. The rising demand for smart indoor lighting, home monitoring cameras, and smart security systems in this region will augment market growth until 2020.
Competitive landscape and key vendors
The smart home M2M market in APAC is an emerging market and is highly fragmented due to the presence of numerous large and small vendors. The level of competition in this market is expected to increase rapidly as many telecommunication operators, platform providers, chip providers, device manufacturers, and OEMs are entering this market to reap the benefits of its high growth potential.
Top vendors in the market are -
Other prominent vendors in the market include Amdocs, Arris Enterprises, Bosch, CHN Smart Ltd. ChinaTelecom, Control4, Crestron, Electonics, 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.
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 smart home M2M market in APAC?
What are the key market trends impacting the growth of the smart home M2M market in APAC?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the smart home M2M market in APAC?
What are the key outcomes of the five forces analysis of the smart home M2M market in APAC?