Enjoy complimentary customisation on priority with our Enterprise License!
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.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by application
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor profiles
PART 13: Appendix
Tags: smart meters, smart city, cloud server, plm software, M2M market trends, M2M market size,
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.