The smart home M2M market in Western Europe is expected to grow at a CAGR of 47.11% from 2015-2019, according to a new report from research firm Technavio.
The life expectancy of people in Western European countries is higher than that of people in other developed countries. According to the World Health Organization (WHO), the life expectancy of people in the UK, France, Spain and Germany is 81 years, on average.
“Connected health M2M technology offers remote patient monitoring, which enables doctors and caregivers to monitor patients at home from any location. This is helping to circumvent some of the challenges associated with an aging population, such as the cost of traveling to hospitals,” says Faisal Ghaus, Vice President of Technavio.
Furthermore, the latest industry analysis by Technavio emphasizes increased broadband penetration in households that has resulted in high demand for connected-TVs in Western Europe, thus impacting the overall market growth.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the smart home M2M market in Western Europe from 2014-2019. To calculate the market size, the report considers revenue generated from connected homes, home entertainment systems, energy management and climate control systems and security and access control systems.