CHANNELS

Subscribe to the InfoTech eNewsletter

infoTECH News

TMCNet:  Smart Homes: M2M Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023

[August 10, 2017]

Smart Homes: M2M Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023

Overview Smart homes integrate technology with our lifestyle to offer greater ease and comfort and provide enhanced benefits such as energy management and security. The latest home automation devices help to transform a house into a push button smart home that can be easily controlled with a tablet, computer, or a smartphone. Smart homes M2M deal with home automation facilities by connecting different kinds of machines and devices enabling remote monitoring and control. The technology imparts various benefits such as home care for elderly and disabled, energy efficiency, comfort, entertainment, safety and security.

Market Analysis According to Infoholic Research, it is estimated that the Smart Homes M2M Market will witness a CAGR of 28.1% during the forecast period 2017�2023. The hypergrowth of technologies such as IoT, artificial intelligence (AI), RFID, wearables, and cloud computing are supporting the adoption of these technologies in homes. The integration of technology with home appliances is leveraging ways to save energy, time, and cost.

The high penetration of broadband network, growth in digital technology, adoption of Bluetooth and Wi-Fi, proliferation of smartphones and tablets and demand for energy efficient solutions in homes are driving the Smart Homes M2M Market growth. However, high upfront cost, lack of standards, and interoperability are acting as barriers to the market growth.

For more information kindly visit : https://www.bharatbook.com/business-market-research-reports-911424/smart-homes-m2m-global-drivers-restraints-opportunities-trends.html

As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments.


[ InfoTech Spotlight's Homepage ]


blog comments powered by Disqus

FOLLOW US

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter

infoTECH Whitepapers