Smart Home M2M Market in UK to grow at a CAGR of 23.72% during the period 2017-2021

Albany, New York, 26 May, 2017: A smart home comprises of an internal network, home automation, and intelligent control. It is equipped with advanced and automated digital devices, home appliances, and equipment that are interconnected to each other. This facilitates sophisticated monitoring and control over the building’s functions. It performs three major actions -remote status checks, remote information, and remote control -to implement any action from a remote location.

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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 market 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.

Market Research Hub’s market research analyst predicts that the smart home M2M 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 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.

Market Research Hub analysts forecast the smarthome M2M market in UK to grow at a CAGR of 23.72% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the smarthome M2M market in UK for 2017-2021. To calculate the market size, the report considers the revenue generated from solutions that have a smartphone application or a web portal for the user interface.

Market Research hub’s report, SmartHome M2M Market in UK 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
British Gas
Deutsche Telekom
Honeywell International
Vodafone

Other prominent vendors
Bosch
BT
Cisco
Control4
EE
Emerson
GE
Google
LG
Panasonic
Samsung
Whirlpool

Market driver
Cost savings due to effective monitoring technology
For a full, detailed list, view our report

Market challenge
Interoperability issues in IoT technology
For a full, detailed list, view our report

Market trend
Integration of pocket drones with personal security features
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
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 key vendors?
What are the strengths and weaknesses of the key vendors?

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