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According to the market research analysts at Technavio, the smart home M2M market in the US is expected to show tremendous growth and will post a staggering CAGR of more than 35% over the predicted period. One of the primary drivers proliferating the growth of this market is the augmented adoption of smart technologies such as programmable thermostats in the US. A programmable thermostat is a smart home device that can regulate the room temperature to the desired level automatically. These are ideal for managing energy consumption inside a house. This smart device allows the end user to adjust the temperature of the room from a remote location using a smartphone or a tablet. Therefore, programmable thermostats and zone-based thermostats offer a wide range of interactive and intelligent home solutions and also enable the end users to manage their energy usage efficiently. The increasing need to reduce energy usage will lead to its augmented adoption which will propel the smart home M2M market in the US until the end of 2020.
One of the emerging trends spurring this market’s growth prospects is the remote arming of smart home alarm systems. A remote-controlled arm is an easy way to connect users efficiently with their home security system. For example, Piper, iControl Networks' all-in-one home security system, features smart arming, a feature which allows users to set their system remotely from a mobile device. Moreover, the Piper app lets users check if anyone is home and sets an alarm when no presence is detected. This app also provides notifications to inform about any breach in security by texts, phone call, and e-mail. This device used a Z-wave compatible and Wi-Fi enabled camera for monitoring panoramic video and sound detection.
During 2015, the energy management and climate control systems segment dominated the market and is expected to reach more than USD 7 billion by 2020. The growth of this segment is attributed to the increasing penetration of the Internet and the growing awareness of cloud services among consumers. Moreover, the smart home market in the US is also driven by the emergence of wireless technologies such as ZigBee and Wi-Fi.
Due to the presence of several large, well-established players, the smart home M2M market in the US is highly competitive. The market has high growth potential due to increasing broadband connectivity in households in the US. With the help of innovative products and advanced wireless communication protocols, consumers can monitor and control their homes from remote locations. The competition is anticipated to intensify with well-established players like Google and Apple entering the market to capitalize on its high growth potential.
The leading vendors in the market are -
Other prominent vendors in the market include August, Bosch, Control4, Dacor, Electrolux, Frigidaire, Frontpoint, G4S, GE, Haier, iControl Networks, Ingersoll-Rand, Korner, LifeShield, LG, MivaTek, MyFox, Nest, Panasonic, SimpliSafe, SmartThings, Sprint, Thermador, Vivint, Whirlpool, Withings, and Xfinity.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
PART 14: Explore Technavio
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