Smart home consists of internal network, home automation, and intelligent control. It is commonly defined as a home which is equipped with digital devices, home appliances, and other equipment. These devices and appliances are interconnected with each other and can be remotely accessed by the user with the help of their smartphone and tablets from a remote location. Smart home offers wide variety of applications such as home automation, home security, energy management, home cloud, and e-health services. It provides a better experience to consumers by providing comfort and convenience.
Technavio's analysts forecast the smart home M2M market in Western Europe to grow at a CAGR of 47.11% over the period 2015-2019.
The smart home M2M market in Western Europe can be classified into six major application segments: energy management and climate control systems, security and access control systems, lighting control systems, home appliances, home entertainment systems, and healthcare systems.
Source: _Infiniti Research Limited