The global smart home M2M market stood at US.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.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.
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.
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In terms of technology, the global smart home M2M market is segmented into wireless and wired. The wireless segment has been further segmented into Wi-Fi, cellular and others. On the basis of application, the global smart home M2M market has been segmented into access & security control, energy & climate management, home entertainment, lighting and others. The market revenue for smart home M2M has been provided in terms of USD million, along with the compound annual growth rate (CAGR) for the forecast period from 2017 to 2025.