14. April 2015 · Comments Off on APAC becomes IoT champion: 8.6 billion connected things, $583 bn market by 2020 · Categories: News · Tags: , , ,

International Data Corporation (IDC) has announced that the Asia/Pacific Internet of Things (IoT) industry will continue its strong growth, with the number of units, or “things”, connected to increase from 3.1 billion to 8.6 billion by 2020. Over this same period, the total Asia/Pacific excluding Japan (APeJ) market size will increase from USD250 billion to USD583 billion.

via APAC becomes IoT champion: 8.6 billion connected things, $583 bn market by 2020.

02. April 2015 · Comments Off on Global smart homes market worth $58.68 billion by 2020 · Categories: News · Tags: , , , ,

According to a new market research report on the “Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) – Trend and Forecast to 2020”, the market is expected to grow at a CAGR of 17% between 2015 and 2020, and reach $58.68 billion by 2020.

Traditional home automation devices were designed to control systems within a house and within a limited range of connectivity; however, with recent developments across different areas of connectivity of appliances and devices, these systems enable users to monitor and control them even when they are on the move. This includes mobile connectivity features, an integral component of smart homes provided by device manufacturers; and compatible communication protocol and technology based products offered by Internet Service Providers.

via Global smart homes market worth $58.68 billion by 2020 – WhaTech.