29.10.14

TechNavio Expects the Connected M2M Home Appliance Market in the US to Increase More than Sevenfold by 2018

AUTHOR: HiddenWires

According to research firm TechNavio, the Connected M2M Home Appliance Market in the US is expected to witness significant growth, with a...

According to research firm TechNavio, the Connected M2M Home Appliance Market in the US is expected to witness significant growth, with a CAGR of 49.98 percent from 2014-2018. “The cloud aims to reduce the complexity of managing software and ensure interoperability of devices by blending the services intelligence in the network cloud. It will make the entire connected home ecosystem much more accessible and will increase the reach and variety of services being offered.” Lead researchers are pinpointing a surge in cloud-managed smart homes as a major driver behind this growth. “Cloud-enabled smart homes can go a long way towards effectively exploiting the smart home concept and ensuring smooth management of multiple devices,” says Faisal Ghaus, Vice President of TechNavio. “The cloud aims to reduce the complexity of managing software and ensure interoperability of devices by blending the services intelligence in the network cloud. It will make the entire connected home ecosystem much more accessible and will increase the reach and variety of services being offered.” Cloud-managed smart homes will create an efficient and flexible approach to connected home services, facilitating better customer retention by storing consumer data in the service cloud. The US market has already begun to witness participation from most major players like Samsung, Google and Apple, and further influx of key vendors will propel market growth in the US over the projected period. www.technavio.com