|By Business Wire||
|April 11, 2014 07:22 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/rt9d8m/connected_home) has announced the addition of the "US Connected Home M2M Market 2014-2018 with AT&T, Comcast, Honeywell & Verizon Dominating" report to their offering.
The Global Connected Home M2M market in the US to grow at a CAGR of 35.61 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Connected Home M2M market in US for the period 2014-2018. To calculate the market size, the report considers the revenue generated from the sales of connected home M2M solutions in the US.
One of the main drivers in this market is the increasing number of broadband connections in households. The household broadband penetration in the US has been increasing very rapidly in recent years. Most of the connected home M2M services depend on wireless network connectivity. For instance, to switch off the bedroom lights remotely, users need wireless connections at home as well as a smartphone. Since broadband connections are increasing very rapidly in the US, most people are in a position to install and use connected home solutions and services. Thus, increasing broadband connections in households are expected to drive the market during the forecast period.
The entry of large players into the Connected Home M2M market is an emerging trend that has been witnessed in recent years. Several large telecom operators and web service providers have entered into the market over the last two years. Most of the leading telecom companies have started investing in several M2M applications to generate multiple sources of revenue to compensate for the decline in voice-based revenue. In addition, during the same period, several technological innovators started investing in innovative smart applications, green technologies, and location-enabled M2M applications to reach every segment of human life.
Further, the report states that one of the major challenges in this market is the increasing concern about customer data privacy. Most users are skeptical about the usage of connected home M2M devices because their personal data will be vulnerable. For instance, through a smart refrigerator, a user can purchase the required groceries. The refrigerator can store credit card or debit card information of the user; this information can be hacked and accessed by the smart refrigerator service provider. In addition, the smart refrigerator solution provider can access personal information such as usage of alcohol, chocolates, and soft drinks by the user.
- AT&T Inc.
- Comcast Corp.
- Honeywell International Inc.
- Verizon Communications Inc.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product Category
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/rt9d8m/connected_home
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