The vast presence of a number of players
in the global smart home M2M (machine-to-machine) market makes it highly
fragmented. These players, which include various platform providers,
telecommunications operators, original equipment manufacturers (OEM),
and device manufacturers, and chip providers come from diverse industry
verticals and intense competition exists between them, notes
Transparency Market Research (TMR).
Leading players operating in the
market include AT&T, Inc., Sierra, Wireless, Inc., KORE Wireless
Group, Sprint Corporation, Deutsche Telekom AG, Telit Communications
PLC, Vodafone Group PLC, Intel Corporation, Gemalto NV, and Cisco
Systems, Inc. Several device vendors and telecom service providers are
offering solutions and services for a variety of innovative smart home
applications to consolidate their shares.
The global smart home M2M market
stood at US$5.421 mn in 2016 and is projected to rise at an impressive
CAGR of 13.3% from 2017 to 2025. Rising at this pace, the market is
estimated to be valued at US$16.316 mn by the end of 2025.
The major applications of smart home M2M
technology comprise access and security control, home entertainment,
energy and climate management, lighting, connected wellness, and smart
appliances. Of these, the energy and climate management application
segment held the dominant share in 2016. This is attributed mainly to
rising internet penetration, the growing use of wireless devices, and
rising adoption of cloud-based services.
Regionally, the North America led the
global market in 2016, with the U.S. accounting for a significant
growth. The dominance of this regional market is attributed to a marked
concentration of prominent players, substantial adoption of home
automation devices, and the rising popularity of M2M technologies.
Advantages of Security, Comfort, and Convenience Key Propositions Driving Demand
The growing demand for home automation
solutions for improving security and convenience is a key factor driving
the smart home M2M market. The rising preference of intelligent home
security systems over traditional ones is attributed to several
advantages they offer to home owners. The integration of M2M with smart
home systems allows intelligent control of lighting, temperature, and
multi-media.
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The adoption of home automation systems
has offered a variety of advanced functionalities, including smart
operations of windows and doors, curtains and blinds, and automatic
triggering of alarms in case of emergency. The demand for remote
monitoring of homes and residential buildings for enhanced safety and
the adoption of smart home technologies for patient care for elderly are
key factors stimulating the uptake of smart home M2M solutions.
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