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U.S. Smart Home Device Forecast Update, 2022–2026: CY 4Q22

Publisher IDC
Published Oct 31, 2022
Length 13 Pages
SKU # IDC17489257

Description

U.S. Smart Home Device Forecast Update, 2022–2026: CY 4Q22

This IDC study presents an updated five-year forecast for the U.S. smart home device market."The COVID-19 pandemic inflated demand in 2020 and 2021 as consumers shifted spending priorities in-house, but now interest is levelling off as consumers set their focus beyond the home once more as pandemic restrictions have relaxed," says Adam Wright, research manager for IDC's Smart Home and Office Devices research program. "Shipments of smart home devices are expected to slow considerably in 2022 as supply chain constraints impact broad categories of devices. Moreover, consumers' wallets are increasingly stretched as a growing number of households are now living paycheck to paycheck. At the same time, the smart home is witnessing a paradox of demand that is putting pressure on vendors to demonstrate ongoing value. As the number of smart home devices have proliferated rapidly in the past few years and achieved mainstream status in the United States, this has exposed many of the shortcomings of smart home devices and consumers are vastly underutilizing the full suite of capabilities and services."

Please Note: Extended description available upon request.

Table of Contents

13 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Shipments Forecast by Product
Shipments Forecast by Value
Market Context
Drivers and Inhibitors
Drivers
High Broadband Penetration
Smart Assistants
Inhibitors
Privacy/Security Concerns
Costs of Devices and Services
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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