DUBLIN, July 6, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart Home M2M Market in US 2016-2020" report to their offering.
The report forecasts the smart home M2M market in the US to grow at a CAGR of 35.23% during the period 2016-2020.
The report 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.
A trend which is propelling market growth is the rise in energy management initiatives. Energy consumption in various traditional household appliances such as air conditioners, washing machines, and microwave ovens is very high. Therefore, there is a rising demand for energy-efficient devices. Many governments worldwide have taken energy management initiatives to reduce consumption levels because of the growing depletion rate of non-renewable resources and the emission of greenhouse gasses.
According to the report, a key growth driver is the high availability of home broadband connectivity. Smart home systems are gaining traction with the advent of high-speed Internet services from leading ISPs such as AT&T, Comcast, Sprint, and Verizon. Almost 15% of the households with broadband connectivity use smart home systems. Major companies such as Samsung, LG, and Panasonic are capitalizing on smart home technologies to attain a first-mover advantage in the market.
Further, the report states that one challenge that could dampen market growth is the high cost of M2M security systems.
- Honeywell International
- Verizon Wireless
Key Topics Covered:
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
For more information visit http://www.researchandmarkets.com/research/lfcdkd/smart_home_m2m
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets