IoT (Internet of Things) for Residential Customers: Connected Smart Meters, Thermostats, Lighting, Appliances, Security and Management Systems, and Smart Plugs: Global Market Analysis and Forecasts
LONDON, Oct. 5, 2015 /PRNewswire/ -- The Internet of Things (IoT) concept, though much hyped, is not brand new. It already exists in the residential setting. Smart thermostats, for instance, allow a user to remotely control household temperatures via a smartphone. Smart meters can connect to thermostats for demand response. Some LED lights now have embedded radios that allow the user to remotely control them from mobile devices. Similarly, some smart appliances and security systems are able to connect via wireless or wired technologies and share status or other data.
The residential IoT market is being driven by a desire to enable devices to communicate and share information for the purposes of greater efficiency, automation, security, and comfort in homes. Major companies recognize the opportunity and are embracing the IoT in new ways. For example, smart meter manufacturer Itron has created a developers community for Riva, a distributed intelligence platform, to accelerate the deployment of new software that can help grow the ecosystem for IoT applications. Early adopting consumers are finding value in the IoT, as well. While mobile phone applications for unlocking doors remotely or accessing energy consumption data have not become mainstream, they are helping residential customers monitor and adjust their living environment. According to Navigant Research, global revenue attributed to residential IoT devices is expected to grow from $7.3 billion in 2015 to $67.7 billion in 2025.
This Navigant Research report defines the emerging residential IoT market and examines the global market opportunity related to IoT technologies. The study provides an analysis of the key market drivers and barriers associated with residential IoT devices, including smart meters, smart thermostats, lighting, smart appliances, security and management systems, and smart plugs. Global market forecasts for shipments, installed base, and revenue, segmented by region and device type, extend through 2025. The report also examines the key technologies related to residential IoT devices, as well as the competitive landscape.
Key Questions Addressed:
What are the key trends shaping the residential Internet of Things (IoT) market?
What are the drivers and inhibitors of the residential IoT market?
What types of devices are important to the residential IoT market?
What is the size of the residential IoT market?
What technical issues shape the residential IoT market?
What is the forecast for shipments of residential IoT devices?
Who are some of the key vendors in the residential IoT market?
Who needs this report?
Internet of Things (IoT) device manufacturers
Electric utilities and grid operators
Home security and broadband companies
Retailers
Software and service vendors
Standards bodies
Electric utility regulators
Investor community
Download the full report: https://www.reportbuyer.com/product/3036937/
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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
SOURCE ReportBuyer
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