Smart Home M2M Market in UK 2017-2021

The smart home M2M market outlook in the UK 

The smart home M2M market forecast report compiled by Technavio’s market research analyst predicts that this market in the UK will grow at a CAGR of nearly 24% during the forecast period. The adoption of cloud-based technologies is one of the primary drivers for the smart home M2M market growth. Cloud-based services lower the problems of software issues in the connected devices and enable simple interoperability of devices. Most residential users are rapidly implementing cloud-based home security solutions with self-monitoring and remote-services to check the security status of their house from a remote location. Furthermore, cloud-based services are also utilized to store images captured by surveillance systems and also ensure a low cost of ownership and on-demand scalability without any extra cost to homeowners.

Since Bluetooth is easy to use and enables faster communication, there is a growing popularity for products that use Bluetooth technology for various application such as controlling light bulbs and identifying a visitor. Similarly, there will also be a demand for low-power Wi-Fi due to its benefits since it combines two products - a connected battery and a rechargeable security camera. As a result, the coming years will witness an increase in the use of Bluetooth and low-power Wi-Fi to operate smart home products and this will be one of the major trends that will gain traction in the smart home M2M market in the UK in the coming years.

Competitive analysis and key vendors