Smart Home M2M Market - Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Albany, NY -- (SBWire) -- 05/07/2019 --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.

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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.

The soaring popularity of distributed smart home applications and the growing number of open-ended applications of smart home applications are significant factors fueling the market. However, the lack of standardized connected device platform for smart home M2M technology has led to the emergence of propriety technologies. In many cases, this has been found to hinder flexibility and interoperability of the devices. This is a key factor likely to impede the growth of the market to an extent.

The mounting privacy concerns and safety breaches related with the adoption of smart home M2M solutions is a crucial factor likely to hamper their demand to an extent. In addition, the lack of reliable and high-speed internet in some regions has also capped the capabilities of smart home devices, adversely affecting the market.

The global smart home M2M market is segmented based on:

Technology

Wireless
Wi-Fi
Cellular
Bluetooth
Zigbee
Wired
Application

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Access & Security Control
Energy & Climate Management
Home Entertainment
Lighting
Connected Wellness
Smart Appliances
Region

North America
The U.S.
Rest of North America
Europe
The U.K.
Germany
France
Italy
Rest of Europe