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This market research report identifies British Gas, Deutsche Telekom, Honeywell International, Vodafone as the key vendors in the smart home M2M market in the UK . This report also presents a detailed analysis of the smart home M2M market worth by applications such as healthcare, home entertainment systems, lighting control systems, home appliances, security and access control systems, and energy management and climate control systems.
The smart home M2M market forecast report compiled by Technavio’s market research analyst predicts that this market in the UK will grow at a CAGR of nearly 24% during the forecast period. The adoption of cloud-based technologies is one of the primary drivers for the smart home M2M market growth. Cloud-based services lower the problems of software issues in the connected devices and enable simple interoperability of devices. Most residential users are rapidly implementing cloud-based home security solutions with self-monitoring and remote-services to check the security status of their house from a remote location. Furthermore, cloud-based services are also utilized to store images captured by surveillance systems and also ensure a low cost of ownership and on-demand scalability without any extra cost to homeowners.
Since Bluetooth is easy to use and enables faster communication, there is a growing popularity for products that use Bluetooth technology for various application such as controlling light bulbs and identifying a visitor. Similarly, there will also be a demand for low-power Wi-Fi due to its benefits since it combines two products - a connected battery and a rechargeable security camera. As a result, the coming years will witness an increase in the use of Bluetooth and low-power Wi-Fi to operate smart home products and this will be one of the major trends that will gain traction in the smart home M2M market in the UK in the coming years.
The smart home M2M market in the UK consists of telecommunications operators, platform providers, chip providers, device manufacturers, and OEMs and is highly fragmented. Wireless phone providers and ISPs are witnessing strong competition based on package offerings due to the rising demands from customers.
Key vendors in the market are:
Other prominent vendors include Bosch, BT, Cisco, Control4, EE, Emerson, GE, Google, LG, Panasonic, Samsung, and Whirlpool.
During 2016, the energy management and climate control systems segment dominated the market in the UK, as per the smart home M2M market analyiss report. The segment is projected to continue its dominance over the forecast period due to the penetration of wireless internet and the rising awareness of cloud-based services among consumers. In addition, the dropping prices of monitoring and control devices will also be a major factor for the fast adoption of energy management and climate control systems among corporate customers.
Integration of pocket drones with personal security features is gaining popularity as they can fly at an altitude of 20 feet over the person and capture every movement of the individual. Drones are very useful to track criminals and get vital information that can be used for identification. The drone's control device consists of an inbuilt biometric scanning system to avoid a criminal from operating or stealing the device. These, pocket drones have a quick recharge system that can be deployed in less than 20 seconds and can be controlled by radio controllers or any Android phone.
This report provides some factors contributing to the adoption, limitations, and opportunities of the smart home M2M market in the UK. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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