Dallas, Teaxs (PRWEB) October 29, 2014
A very important trend emerging ion this market is the concept of cloud-managed smart homes. Cloud technology has applications in many fields and connected home appliances are one of them. The cloud aims to reduce the complexity of managing the software and ensure interoperability of devices at home by blending the services' intelligence in the network cloud.
Analysts forecast the Connected M2M Home Appliance market in the US to grow at a CAGR of 49.98 percent over the period 2013-2018. According to the report, a significant driver of the market is very high smartphone penetration in the US. Owing to its high smartphone adoption, the US has emerged as one of the most lucrative markets for connected M2M home appliances and is expected to see an exponential upward surge in the coming years. Over half of the smartphone users in the US are over the age of 55, indicating that usage is spread across people of all ages.
A smart home appliance allows residents to monitor, control, and connect all the appliance information to simple user interfaces. This concept is being touted as one of the most critical consumer lifestyle innovations of this decade, as not only will it greatly enhance the quality of life but will also lead to significant cost and energy savings. The smart home appliance concept is still considered as a niche and luxury service. For this market to grow further it is essential that new business models come up the horizon to make smart appliances reach within the means of mass consumer.
Covered in this Report
The Connected M2M Home Appliance market in the US includes consumer electronics devices such as Smart TVs, Smart Ovens, and Smart Fridges, to name a few.
Connected M2M Home Appliance Market in the US 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US; it also covers the Connected M2M Home Appliance market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Connected M2M Home Appliance Market in US: AlertMe.com Ltd., Apple Inc., AT&T Inc., Comcast Corp., Electrolux Home Products Inc., Honeywell International Inc., LG Electronics Inc. and Samsung Electronics Co. Ltd.
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Other Prominent Vendors in the market are: ADT, Alarm.com, Amdocs, Arrayent, Arris Enterprises, CentraLite Systems, Ecobee, Electrolux Home Products, Google, Grid Net, IBM, iControl Networks, Infor Global Solutions, Ingenious Med, Ingersoll-Rand, Intel-GE Care Innovations, Invensys Systems, Leviton Manufacturing, LG Electronics USA, Lutron Electronics, Massive Health, Nest Labs, Numera, Philips Lighting North America, Radio Thermostat Company of America, Samsung Electronics America, Savant Systems, Siemens Industry, Somfy Systems, Sprint, System Sensor, Tendril Networks, Tyco International , United Technologies, Universal Electronics, Versus Technology, View, Voxiva, Overhead Door, WellDoc and Whirlpool.
- High Penetration of Smartphone in the US
- For a full, detailed list, view our report
- Easy Network Accessibility
- For a full, detailed list, view our report
Further, the report states that the conflict between complexity and usability in the minds of end-users is a significant challenge in this market. The concept of a smart home equipped with smart home appliances is still a very new concept even in a technologically advanced economy such as the US. Therefore, the market is facing high levels of end-user conservatism. Some users, who are not very technology-friendly, show greater resistance towards embracing this concept.
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