Home Security Systems at the Forefront of Smart Home Growth
The global smart home M2M market is expected to expand at a rate of 13.3% CAGR between 2017 and 2025 to reach a value of US$16.316 million by 2025 from US$5.421 million in 2016, according to a report by Transparency Market Research. The report pointed out that the global smart home M2M market remains fragmented. The market is comprised of many large vendors operating in various industry verticals such as: platform providers, telecommunications operators, chip providers, device manufacturers, and original equipment manufacturers (OEM). Stiff competition characterizes the market.