Pic Credit: Smart Home. GE

Smart homes are expected to bring a paradigm change in residential spaces, with an aim to make life comfortably cheesy, rigid secure, entertaining, and sustaining. Primarily, factors assisting the Smart home development include high-speed internet services, high penetration of Wi-Fi connectivity in residences, adoption of smartphones, and increased need for security and safety at home.

The consumer adoption of smart homes blended with machine-to-machine (M2M) in recent years is due to the ease of adding security along with remote access control on home equipment.

 

Machine-to-Machine (M2M) in Smart Home

Technically Machine-to-Machine (M2M) applications allow personal computers, industrial machines, home appliances and other connected devices to network and communicate with each other.

The wide spectrum of such applications includes lighting control, safety & security, climate control, and healthcare. There is an increased adoption of M2M, and notably it is an integral part of IoT.

According to a research Smart Home Machine-to-Machine (M2M) market is expected to grow at a CAGR of 28.1% during the forecast period 2017–2023 to reach an aggregate of $159.84 billion by 2023.

 

Local connecting technology

Overabundance of short-range, wireless technologies are involved such as

  • RFID,
  • NFC,
  • Wi-Fi,
  • Bluetooth (including Bluetooth Low Energy),
  • XBee,
  • Zigbee,
  • Z-Wave and
  • Wireless M-Bus

Also wired links include Ethernet, HomePlug, HomePNA, HomeGrid/G.hn and LonWorks.

 

Wide Area connecting technology

The technologies market is dominated by wireless technologies including Wi-Fi, Li-Fi, W-Max, 3G, 4G and 5G. New wireless networks for example ultra-narrowband SIGFOX and the TV white-space NeulNET are also developing to cater precisely for M2M connectivity.

Anatomy of M2M (Pic Credit: ZDNet)

Application segmentation for SmartM2M Home Include

  • energy management system
  • climate control system,
  • healthcare system,
  • home entertainment system,
  • lighting control system, and
  • security & access control system.

 

Key Vendors

The key vendors offering solutions for smart homes include Google, Honeywell, Vodafone, Samsung, Panasonic, FireCast and more.

Example: f’real foods operates a network of interactive, self-service blenders that make it easy for consumers to blend  smoothies, milkshakes and frozen cappuccinos on demand.


f’real’s blender network is powered by the WireSpring M2M platform, including FireCast OS and FireCast ClientCenter Cloud.

 

Factors Driving Smart Home M2M Growth

Increased internet Penetration: There has been an alarming increase in internet adoption in homes in the past five years. As of 2015, 34% households in the developing countries and 80% in developed countries had internet access. Internet adoption and awareness about the same is increasing people’s dependence on the internet for their everyday activities.

Growth of Mobile Broad Brand: Mobile broadband is increasingly becoming a necessity; the convergence of factors such as lower technology cost per MB, availability of low-end smartphones, and strong demand for internet access are leading to the enhanced adoption of mobile broadband connectivity and the market is growing at a CAGR of around 35%.

Technological Advancement: With technological advancements and changing user expectations, the need for connected home services is evolving. Now, there is an increasing dependence on smartphones and this is driving the need for real-time monitoring and remote management through mobility access.

Awareness of digital device: Besides, the increase in educated and working-class group is leading to greater awareness about the digital and connected devices and their abilities to serve them in energy conservation and security. This is resulting in an increased number of people moving towards digital adoption and adoption of smart devices, applications, and equipment at homes.

Pouring investments: The M2M communication is leading to increased investments from vendors and government. High investment in IoT creates demand for M2M services. In APAC, many vendors are planning to develop smart homes. Zeewave and China Unicom launched the first smart home automation IoT service in China, which is delivered to all the China Unicom subscribers.

 

Opportunities in Smart Homes M2M

Both working couple: With the increasing working population, an increased need for elderly and baby care has originated. Monitoring them is a vital thing.

Health monitoring: There is increased dependence on wearable technology as they can produce real-time monitoring of patient’s health. Wearable devices such as trackers, heart rate monitors, smart watches, and glucose monitors are used in homes for everyone especially elderly people. Due to the house being unattended for most of the time, the need for elderly care and smart solutions has increased.

Entertainment and Luxury: Other than the basic need, smart home also appears for those who aspire for high-tech entertainment and luxury lovers bringing fascination to their bedroom. North America is the world’s most advanced smart home market with an installed base of 12.7 million smart homes at the end of 2015, which is anticipated to increase to around 46.2 million by the end of 2020.

Revenue stream for companies: Various telecommunication communication providers and tech giants can see great opportunities and high revenue stream coming from the smart homes M2M market growth.

 

For more information-

Download PDF: Smart homes M2M Technology Market Revenue Will Worth $159.84 billion by 2023

LEAVE A REPLY

Please enter your comment!
Please enter your name here