Global Smart Home M2M Market 2017-2021

Overview of the global smart home M2M market

Technavio’s market research analyst predicts the global smart home M2M market to grow steadily at a CAGR of above 32% by 2021. One of the primary drivers for this market is the rise in the number of installation of smart meters. Smart meters offer an extensive range of interactive and intelligent solutions. They allow the consumers to effectively manage the energy resources by providing consumption details at every point in time. They send the relevant details of home energy use to the energy supplier so that the electricity bill can be sent without having to check the reading on the home meter physically. A smart energy meter combined with an in-home display (IHD) provides real-time information about the use of gas and electricity in their respective measurement units. These smart meters aid the consumer for better monitoring and control of the energy devices through energy management systems (EMS). Moreover, smart energy meters offer a range of interactive and intelligent solutions. They allow consumers to manage energy resources by providing a continual stream of consumption details. These details are also sent to the energy suppliers so that they can generate electricity bills without the compulsion to check home meters physically. These advantages of a smart meter are expected to propel growth in the global smart home M2M market during the forecast period.

One of the latest trends gaining traction in this market is the emergence of enhanced security and safety features with effective monitoring technology. Smart homes generally incorporate automatic systems, which include motion and window sensors, thermostats, light controls, and door lock controls that receive remote control signals and perform the required actions. The control signals are sent using the wireless system for mobile communication (GSM) technology to ensure reliable and fast communication between users and home security systems. For instance, Digital Life, AT&T's consumer home security and automation service, provides uninterrupted home security with the help of monitoring centers. It addresses critical situations by directly contacting the fire, medical, or any other emergency authorities using the AT&T 3G wireless network. This, in turn, is expected to augment growth in the global smart home M2M market in the coming years.

Competitive landscape and key vendors