Published On : 17 Aug 2016
Machine to Machine (M2M) communication technologies allow wireless and wired systems to connect and communicate with various other devices having similar abilities. M2M has benefited various businesses and industries through a range of applications. Considering the many benefits of M2M, its demand for home security systems is expected to increase in the years to come. Smart homes comprise interactive security systems and applications that offer a high level of security and protection as expected by customers. Smart homes combine automatic systems such as thermostats, door lock controls, window sensors, and motion sensors. These are the findings of a new report recently added to the repository of QYResearchReports.com.
The report, titled ‘Global Smart Home M2M Market Professional Survey Report 2016,’ states that the growing use of wearable technologies and cloud-based smart technologies is predicted to propel the smart home M2M market. Cloud-based applications have seen tremendous growth since their introduction. The increasing adoption of cloud-based security systems is thus predicted to benefit the global market in the coming years. Cloud-based smart home security systems offer benefits such as greater interoperability and reduced complexity. These factors are expected to benefit the global market for smart home M2M market.
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The report predicts that partnerships between key companies and new entrants will help the former adopt the new technologies and introduce new services. Key companies operating in the market are listed in the report by considering their historical data and key developments. ABB, Control4 Corporation, Crestron Electronics, Emerson Electric Co, Ingersoll-Rand PLC, Legrand, Lutron Electronics, Schneider Electric, Siemens AG, Tyco, Telefonica, ThroughTek, Systech, and WebNMS are the key players operating in the global smart home M2M market. The emergence of the Internet of Things (IoT) has led to a rise in the number of people using smartphones for remote monitoring. The rising initiatives taken by governments of various nations to develop smart cities are expected to benefit the global smart home M2M market.
The analysts have profiled key companies in the report by considering factors such as product pictures and specifications, sales of M2M solutions, ex-factory price, gross margin, and revenue. Industry-standard tools such as SWOT analysis are used by the analysts to measure the strengths, weaknesses, opportunities, and threats of key companies. Technical data, research and development activities, capacity and commercial production, and adoption of new technologies are studied with respect to key companies.
For a complete study, the global smart home M2M market is regionally divided into North America, Europe, and Southeast Asia. Key companies operating across all regions are focusing on introducing new smart home M2M technologies in the global market. This is expected to increase the level of competition among key companies. However, new product inventions by startups and advancements in the technologies will give a chance to the new entrants to increase their share in the global market.