Dublin, April 28, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Smart Home M2M Market in the UK 2015-2019" report to their offering.
The smart home M2M market in the UK to grow at a CAGR of 24.39% over the period 2014-2019.
A smart home comprises an internal network, home automation, and intelligent control. It is commonly defined as a home that is equipped with digital devices and home appliances. These devices and appliances are interconnected with each other and can be remotely accessed by end-users with the help of their smartphone or tablet from a remote location. Smart home offers a wide variety of applications such as home automation, home security, energy management, home cloud, and e-health services. It provides a better experience to consumers by providing comfort and convenience.
The smart home cloud center platform, grouped into three divisions: cloud service market, carrier market, and smart IoT gateway, allows high speed gaming and mobile app downloads, content transfer across geographies, and multiple wireless user interfaces. Hence, the adoption of smart homes will rise with the growth of cloud technology.
According to the report, smart homes facilitate interactive security systems that provide maximum protection to consumers. Smart homes generally incorporate automatic systems, including motion and window sensors, thermostats, lights, and door lock controls. These systems can be controlled remotely and send signals over wireless GSM technology to enable reliable and fast communication between the users and the home security systems.
Further, the report states that many consumers are unaware about the functionality and usage of smart home systems. Therefore, manufacturers and the established market players have to reach out to consumers through promotion strategies. With increased awareness, high sales as well as improvement in product developments can be expected.
Covered in this report
The report covers the current scenario and the growth prospects of the smart home M2M market in the UK for the period 2015-2019.
To calculate the market size, the report considers revenue generated from the following application segments:
1. Connected homes
2. Home entertainment systems
3. Home appliances
4. Energy management and climate control systems
5. Security and access control systems
6. Lighting control systems
7. Healthcare systems
Devices or solutions that are operated or controlled only with switches, timers, sensors, and remote controls are not included under the scope of this study.
Key vendors
- AlertMe.Com (British Gas)
- BT
- Cisco
- EE
- Honeywell
- Samsung
- Vodafone
Other prominent vendors
- Currys
- Cyber Homes
- Home Automation
- Home Smart Home
- HomeWizard
- Myfox
- Nest
- SmartThings
- UK Automation
Key Market drivers
- Installation of smart meters
- For a full, detailed list, view the full report
Key Market challenges
- Lack of standardization and interoperability
- For a full, detailed list, view the full report
Key Market trends
- Use of Bluetooth and low-power Wi-Fi to operate smart home products effectively
- For a full, detailed list, view the full report
Key questions answered in this report
- What will the market size be in 2019 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?
For more information visit http://www.researchandmarkets.com/research/9l4sc7/smart_home_m2m