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TechNavio Announces the Publication of its Research Report -Global Smart Home Network Equipment Mark
The key vendors dominating this market space are GE Co., Honeywell International Inc., Itron Inc., Landis+Gyr Inc., Siemens AG, Sensus USA Inc., and Schneider Electric Co.
Commenting on the report, an analyst from TechNavio’s Networking team said: “There is growing demand for compliance with the G.hn standard. There are many standards in the Global Smart Home Network Equipment market, including MoCA, HomePlug, and G.hn. Of the three, the adoption of the G.hn standard is expected to begin in 2013, and it is expected to witness high adoption from then on. The G.hn standard provides improved performance compared to the existing standards. This standard also facilitates the efficient management of phone lines, power lines, and coaxial cables in a single chipset. These features are expected to make the G.hn standard increasingly popular in the coming years.”
According to the report, one of the main factors responsible for the growing adoption of smart home network equipment is the decline in the prices of these solutions. The leading players in the Global Smart Home Network Equipment market are currently focused on technological innovations and are hence increasingly providing efficient solutions. The user-friendly interfaces of smartphones are nowadays converged with smart home networks, leading to innovative and affordable smart home network systems. The increasing collaboration of smart home network solution providers with the internet and wireless technologies has also led to the declining costs of these solutions.
Further, the report reveals that the one of the main challenges in the market is the increasing risk of cyber-attacks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Networking market research, please visit http://www.technavio.com/
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