While the advent of smart home solutions has created new revenue streams for residential security companies and subsequently increased the value that an alarm system provides to consumers, the technology still faces several challenges that could hinder its growth moving forward. In fact, according to Tim Hewitt, analyst for security and building technologies at IHS Markit, while the initial uptake of smart home systems by early adopters was in line with expectations, existing market barriers have become more significant as companies have tried to expand their offerings to the broader market. As a result, Hewitt said the market research firm has revised its forecasts to account for the lack of broader consumer interest in connected home products.
Technavio has announced the top nine leading vendors in their recent global ZigBee enabled devices market 2016-2020 report. This research report also lists 18 other prominent vendors who are expected to gain market share over the forecast period. To identify the top vendors, Technavio’s market research analysts have considered the top revenue contributors for the ZigBee enabled devices market. The report includes market forecast of the global ZigBee market based on product segments that implement ZigBee wireless technology (connected light bulbs, remote controls, smart meters, smart thermostats, and set-top-box).The analysis in this report is based on vendor briefings, interviews with industry experts, and telephone and online surveys. Technavio analysts have also presented a breakdown of market shares by the leading regions, including APAC, Americas, and EMEA.
The Internet of Things is about to get a whole lot bigger, according to the latest forecast from technology market research firm Gartner.In 2016, the IoT will grow at a rate of 5.5 million ‘things’ each day, encompassing a total of nearly 6.4 billion connected devices, a 30 percent gain over this year’s expected total of 4.9 billion devices. By 2020, that figure will shoot up to 20.7 billion units.IoT services spending will jump 22 percent next year, reaching $235 billion. “IoT services are the real driver of value in IoT, and increasing attention is being focused on new services by end-user organizations and vendors,” said Gartner vice president Jim Tully in a statement.
Market Research Store releases a new market research report “Smart Meter Market 2013 in China: Industry Analysis, Trends, Size, Demand, Growth, and Forecast 2016 to add to its collection of research report Meters.China Smart Meter Market Report 2013-2016 released by SinoMarketInsight predicts that the market scale of Chinese smart water meters, smart gas meters and smart heat meters will reach 16.5 million units, 24.3 million units and 17 million units separately in 2016, with the respective CAGR of 19.21%, 26.51% and 29.32% in 2013-2016.
Utility-scale energy storage is poised for prodigious growth over the next decade, according to the market research firm Frost & Sullivan. “Overall, attractive pricing, combined with a surge in manufacturing and supportive policies for renewable energy development, will increase the bankability of renewable energy associated storage projects,” said Ross Bruton, an analyst at Frost & Sullivan.
According to the new market research report “Smart Appliances Market by Smart Home Appliances (Washer, Dryer, Air Conditioner, Vacuum Cleaner), Smart Kitchen Appliances (Refrigerator, Dishwasher, Freezer), Technology (Wi-Fi, NFC, Bluetooth), End User, and Region – Global Forecast to 2020”, published by MarketsandMarkets, the smart appliances market is estimated to reach USD 37.2 Billion by 2020, at a CAGR of 15.4% between 2015 and 2020.
According to a new market research report of “Home Automation and Control Market by Lighting Control (Occupancy Sensors, Relays, Transmitters), Security & Access Control (Video Surveillance, Biometric), HVAC Control (Heating & Cooling Coils, Pumps & Fans, Sensors), and Geography – Global Forecast to 2020”, the market is expected to grow at a CAGR of 11.36% between 2014 and 2020, and reach $12.81 Billion by 2020.
Batteries are growingly flexible, thin, stretchy, curved, foldable, pin-sized and what not. It indicates that much is happening in the energy storage market as wearable devices and internet of things expand vistas for new applications of battery technology.Frost and Sullivan has published a news analysis on the implications of mega trends on batteries. The market research firm identifies the four mega trends as connectivity and convergence, smart technology, renewable energy future, and health, wellness and well-being.
According to a new market research report “European Smart Home Market by Products (Security, Access, Lighting, Entertainment, Energy Management, HVAC, Ballast & Battery Pack), Service (Installation & Repair, Renovation & Customization) and Geography – Global Forecast and Analysis to 2014 – 2020”, the total market for European Smart Homes will reach $15.28 Billion by 2020 at a CAGR of 16.51% from 2015 to 2020.A smart home refers to a residence equipped with computing and information technology devices, which anticipates and responds to the needs of residents; thus, working towards enhancing their comfort, convenience, security, and entertainment. The concept of smart homes has been there in Europe since a long time and presently, lot of development and regulatory initiatives are being witnessed in this market.
Wearables and home devices are likely to lead growth in the Internet of Things (IoT) business during the rest of this decade, according to semiconductor companies and industry analysts at the Computex Taipei show that wrapped up last week.This year, 72 million wearable devices worth $17 billion will ship, growing in dollar terms at a compound annual growth rate (CAGR) of 18 percent to 156 million units or $39 billion in 2019, according to Bryan Ma, a vice president with market research firm IDC. But exactly what device is likely to be the wearable of choice?