Smart Home M2M Market in the UK to Grow at 24% CAGR 24% Through 2021, Reports Technavio

June 2, 2017

#ConnectedDevices--Technavio market research analysts forecast the smart home M2M market in the UK to grow at a CAGR of close to 24% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the smart home M2M market in the UK for 2017-2021. The report also lists energy management and climate control systems, home appliances, lighting control systems, home entertainment systems, security and access control systems, and healthcare systems as the six major application segments for the smart home M2M market in the UK.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavio analysts highlight the following three market drivers that are contributing to the growth of the smart home M2M market in the UK:
- Increased installation of smart meters
- Rise in the use of thermostats
- Adoption of cloud-based technologies
Increased installation of smart meters

Smart meters offer a wide range of interactive and intelligent solutions. They allow the consumers to manage energy resources effectively by providing consumption details continuously. They send the relevant home energy usage details to the energy supplier so that the electricity bill can be generated and delivered without the obligation to physically check the reading on the home meter. A smart meter combined with an in-home display (IHD) offers real-time data about the use of gas and electricity. These smart meters help the consumer to monitor and control energy devices effectively using energy management systems (EMS). Therefore, peak demand rates and blackouts can be avoided by installing these devices instead of the traditional systems.

“This rolling out of smart meters will help customers to experience energy-efficient methods, which drastically reduces the prohibitive costs of energy. Smart meters of the future will function as the gateway between smart homes and smart grids. They would be equipped to manage the demand and supply of the energy sources in tandem with the home energy management systems,” says Abhishek Sharma, a lead analyst at Technavio for M2M and connected devices research.

Rise in the use of thermostats

Programmable thermostats are devices that are used to adjust the room temperature to the desired level automatically. They are used to manage the energy supply inside homes. These devices enable users to set the required temperature inside the house from a remote location using a smartphone or a tablet. The maximum demand for these devices comes from energy and utility retailers.

The shipment of these devices is rapidly increasing in Western Europe including the UK region with the increasing need for programmable thermostats. Heating and cooling applications generally produce high electricity bills. Therefore, programmable thermostats and zone-based thermostats can be used as energy-efficient solutions to reduce the excessive costs of energy. Users can save up to USD 180 per annum by implementing home automation solutions like smart thermostats.

Adoption of cloud-based technologies

The smart home cloud center platform can be categorized into three divisions, namely cloud service platform, carrier platform, and smart IoT gateway. Cloud-based services decrease the complexity of software issues that crop up in the connected devices and facilitate interoperability of devices in a simpler way. Most residential users are rapidly adopting cloud-based home security solutions that have self-monitoring and remote-service features. It provides a user-friendly interface to homeowners helping them to arm, disarm, and check the security status of their house from a remote location. Further, cloud-based services are also used to store images captured by surveillance systems so that they can be used in the future.

“Cloud-based services ensure low cost of ownership and on-demand scalability without any additional cost to the homeowners. Hence, smart homes have the potential of having a huge presence in the UK market with the growth of cloud technology,” says Abhishek.

Browse Related Reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like IT hardware, cloud computing, and product lifecycle management. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
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LONDON–(BUSINESS WIRE)–#ConnectedDevices—Technavio
market research analysts forecast the smart
home M2M market in the UK to grow at a CAGR of close to 24%
during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the smart
home M2M market in the UK for 2017-2021. The report also lists energy
management and climate control systems, home appliances, lighting
control systems, home entertainment systems, security and access control
systems, and healthcare systems as the six major application
segments for the smart home M2M market in the UK.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Technavio analysts highlight the following three market drivers that are
contributing to the growth of the smart home M2M market in the UK:

Increased installation of smart meters
Rise in the use of thermostats
Adoption of cloud-based technologies

Increased installation of smart meters

Smart meters offer a wide range of interactive and intelligent
solutions. They allow the consumers to manage energy resources
effectively by providing consumption details continuously. They send the
relevant home energy usage details to the energy supplier so that the
electricity bill can be generated and delivered without the obligation
to physically check the reading on the home meter. A smart meter
combined with an in-home display (IHD) offers real-time data about the
use of gas and electricity. These smart meters help the consumer to
monitor and control energy devices effectively using energy management
systems (EMS). Therefore, peak demand rates and blackouts can be avoided
by installing these devices instead of the traditional systems.

“This rolling out of smart meters will help customers to experience
energy-efficient methods, which drastically reduces the prohibitive
costs of energy. Smart meters of the future will function as the gateway
between smart homes and smart grids. They would be equipped to manage
the demand and supply of the energy sources in tandem with the home
energy management systems,” says Abhishek Sharma, a lead analyst at
Technavio for M2M
and connected devices research.

Rise in the use of thermostats

Programmable thermostats are devices that are used to adjust the room
temperature to the desired level automatically. They are used to manage
the energy supply inside homes. These devices enable users to set the
required temperature inside the house from a remote location using a
smartphone or a tablet. The maximum demand for these devices comes from
energy and utility retailers.

The shipment of these devices is rapidly increasing in Western Europe
including the UK region with the increasing need for programmable
thermostats. Heating and cooling applications generally produce high
electricity bills. Therefore, programmable thermostats and zone-based
thermostats can be used as energy-efficient solutions to reduce the
excessive costs of energy. Users can save up to USD 180 per annum by
implementing home automation solutions like smart thermostats.

Adoption of cloud-based technologies

The smart home cloud center platform can be categorized into three
divisions, namely cloud service platform, carrier platform, and smart
IoT gateway. Cloud-based services decrease the complexity of software
issues that crop up in the connected devices and facilitate
interoperability of devices in a simpler way. Most residential users are
rapidly adopting cloud-based home security solutions that have
self-monitoring and remote-service features. It provides a user-friendly
interface to homeowners helping them to arm, disarm, and check the
security status of their house from a remote location. Further,
cloud-based services are also used to store images captured by
surveillance systems so that they can be used in the future.

“Cloud-based services ensure low cost of ownership and on-demand
scalability without any additional cost to the homeowners. Hence, smart
homes have the potential of having a huge presence in the UK market with
the growth of cloud technology,” says Abhishek.

Browse Related Reports:

Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like IT
hardware, cloud
computing, and product
lifecycle management. This subscription nets you thousands in
savings, while staying connected to Technavio’s constant transforming
research library, helping you make informed business decisions more
efficiently.

About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com