The Prospector News

Global Revenue from Shipments of Residential Internet of Things Devices Is Expected to Reach Nearly $70 Billion in 2025, According to Navigant Research

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Global Revenue from Shipments of Residential Internet of Things Devices Is Expected to Reach Nearly $70 Billion in 2025, According to Navigant Research

 

 

 

 

 

A new report from Navigant Research analyzes the global market opportunity for residential Internet of Things (IoT) devices, including forecasts for shipments, installed base, and revenue, segmented by region and device type, through 2025.

 

 

 

As device manufacturers continue to embed communications technologies, sensors, and intelligence into an array of products, the residential IoT market continues to grow. Driven by a desire to enable devices in the home to share information for the purposes of greater efficiency, automation, security, and comfort, more companies are providing products for this trend, and the market appears to have potential to expand beyond early adopters. According to a new report from Navigant Research, annual revenue from shipments of residential IoT devices is expected to increase from $7.3 billion in 2015 to $67.7 billion in 2025.

 

 

 

“The residential IoT space is attracting plenty of attention from device manufacturers and other stakeholders who want to leverage the capabilities of connected devices,” says Neil Strother, principal research analyst with Navigant Research. “Already smart thermostats and smart meters can provide insights for greater energy efficiency, enhanced home systems can link security, lighting, and HVAC controls—and as device manufacturers add connectivity to more devices, the trend keeps accelerating.”

 

 

 

While market growth is expected to extend well into the next decade, according to the report, one hurdle is the use of multiple protocols and standards among devices. This has contributed to an interoperability barrier with the potential to confuse customers and stall adoption.

 

 

 

The report, IoT (Internet of Things) for Residential Customers, defines the emerging residential IoT market and examines the global market opportunity. 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-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. An Executive Summary of the report is available for free download on the Navigant Research website.

 

 

 

About Navigant Research

 

 

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.  In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets.  The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors.  

Posted June 18, 2015

Share this news article

MORE or "UNCATEGORIZED"


IAMGOLD Reports Second Quarter 2020 Results

IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) reported its consolida... READ MORE

August 5, 2020

Osisko Reports Second Quarter 2020 Results and Updated Guidance for Second Half of 2020

Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) announced its consol... READ MORE

August 5, 2020

Pan American Silver reports cash flow from operations of $62.8 million in Q2 2020 and updates 2020 guidance

Pan American Silver Corp.(NASDAQ: PAAS) (TSX: PAAS) reporte... READ MORE

August 5, 2020

Taseko Delivers Solid Operational Performance and $51 Million of Adjusted EBITDA in the Second Quarter

Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) r... READ MORE

August 5, 2020

Franco-Nevada Reports Q2 Results

Franco-Nevada’s (TSX:FNV) (NYSE:FNV) diversified portfolio ... READ MORE

August 5, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions