Connected Home and IoT: Market Opportunities and Forecasts 2015 - 2020

LONDON, Jan. 29, 2015 /PRNewswire/ -- Overview:

Connected Home is an extension of home automation and operators in conjunction with the Internet of Things (IoT) wherein devices inside the home are connected to each other via the Internet and/or via a short-range wireless mesh network and are typically operated using remote access device such as smartphone, tablet or any other mobile computing unit. There is significant growth potential in this market as market leaders such as Google, Netflix, and others have laid the foundation for many other ecosystem competitors to expand beyond home entertainment into many other areas.

There is also an emerging significant business opportunity for Cloud Service Providers and Big Data Analytics within the IoT in Connected Home ecosystem. Management of unstructured data (Big Data) and directly attributed to IoT in Connected Home is anticipated to represent a $7 billion market by 2020. This market opportunity will grow with a CAGR of 27.7% through 2020. Mind Commerce sees the fastest growing segments through 2020 as Home Energy Conservation with a CAGR of 49.4% and IoT in Utility Monitoring with a CAGR of 59.8%.

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