The Business Research Company’s Smart home Machine to Machine (M2M) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Smart home Machine to Machine (M2M) Global Market Report 2023 evaluates smart home machine to machine (M2M) market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global smart home M2M market is expected to grow from $10.56 billion in 2022 to $12 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart home M2M market is expected to reach $19.8 billion in 2027 at a CAGR of 13.3%.

The rise in popularity of smart appliances is expected to propel the growth of the smart home M2M market going forward. Smart appliances have wireless connectivity and sensors that allow remote control or autonomous operation via human input, scheduling, or artificial intelligence and machine learning (AI/ML). Smart appliances utilize machine-to-machine communication in the smart home to offer users seamless integration and automation of data to coordinate tasks to enhance efficiency and facilitate communication among the devices that enable centralized control and coordination of multiple devices that aid in day-to-day activities with human intervention. For instance, in September 2022, according to DATACONOMY, a Germany-based press organization specializing in data-driven technology, globally, there is a 10% increase in the average number of connected devices and smart home appliances per home, from 15.5 in 2021 to 17.1 in 2022. Therefore, the rise in popularity of smart appliances drives the growth of the smart home M2M market.

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The smart home machine to machine (M2M) market segments in the report are:
1) By Type: Wi-Fi, Bluetooth, Cellular Connectivity Technologies
2) By Technology: Wireless, Wired
3) By Application: Access and Security Control, Energy and Climate Management, Home Entertainment, Lighting, Smart Appliances, Other Applications

The table of contents in TBRC’s smart home machine to machine (M2M) market report includes:
1. Executive Summary
2. Smart Home M2M Market Characteristics
3. Smart Home M2M Market Trends And Strategies
4. Smart Home M2M Market - Macro Economic Scenario
5. Global Smart Home M2M Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
…..
32. Global Smart Home M2M Market Competitive Benchmarking
33. Global Smart Home M2M Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Home M2M Market
35. Smart Home M2M Market Future Outlook and Potential Analysis
36. Appendix

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