Smart Home M2M Market in the US 2016-2020
- Published: Jun 2016
- Pages: 80
- SKU: IRTNTR9570
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This market research report presents a comprehensive analysis of the smart home M2M market in the US by application (energy management and climate control systems, security and access control systems, home appliances, lighting control systems, home entertainment systems, healthcare systems, and others). Some of the key vendors identified in the market are Alarm.com, AT&T, Comcast, Honeywell, Samsung, and Verizon Wireless.
Outlook of the smart home M2M market in the US
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.
Segmentation by application and analysis of the smart home M2M market in the US
- Energy management and climate control systems
- Security and access control systems
- Home appliances
- Lighting control systems
- Home entertainment systems
- Healthcare systems
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.
Competitive landscape and key vendors
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 -
- Verizon Wireless
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.
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 the US?
- What are the key market trends impacting the growth of the smart home M2M market in the US?
- 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 the US?
- What are the trending factors influencing the market shares of the US?
- What are the key outcomes of the five forces analysis of the smart home M2M market in the US?
Technavio also offers customization on reports based on specific client requirement.
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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