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Smart Home M2M Market in Western Europe 2016-2020 - High Cost of M2M Security Systems a Key Challenge - Research and MarketsResearch and Markets has announced the addition of the "Smart Home M2M Market in Western Europe 2016-2020" report to their offering. The report forecasts the smart home M2M market in Western Europe to grow at a CAGR of 39.4% during the period 2016-2020. The market is divided into the following segments based on applications:
A key trend which is boosting market growth is the adoption of cloud-based technologies for smart home applications. IoT-related smart home applications include home automation, access control, home monitoring, lighting control, fire or water leak detection, temperature monitoring and HVAC control, family care, and automated meter reading. Most of the residentil users are rapidly adopting cloud-based residential security solutions that provide a self-monitoring and remote service solution. It provides a user-friendly interface to homeowners, helping them to arm, disarm, and check the security status of their house from a remote location. Further, the report states that what could hamper market growth is the absence of a standard framework governing the automation process. Companies approach automation in their own way, leading to different variants of the same gadget. This causes confusion for the end-users with regard to making investments in these products. For instance, a Samsung (News - Alert) fridge, a Samsung dryer, and a Samsung AC can only communicate with each other and perform the respective operations but not with other manufacturer's products. Key vendors: 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/rdgfd2/smart_home_m2m View source version on businesswire.com: http://www.businesswire.com/news/home/20160705006002/en/ |