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U.S. Smart Home Device Forecast Update, 2023–2027: CY 4Q23

Publisher IDC
Published Oct 13, 2023
Length 13 Pages
SKU # IDC18252858

Description

U.S. Smart Home Device Forecast Update, 2023–2027: CY 4Q23


This IDC study provides an updated forecast for the U.S. smart home device market for the 2023–2027 period."Broadly speaking, the U.S. smart home device market is in a slump," says Adam Wright, research manager for IDC's Smart Home research program. "Although some vendors and device categories have performed better than expected, 2023 is proving to be a tough year for growth. Vendors will need to compete aggressively on price and deliver innovative value propositions to help drive consumer demand and stay ahead of macroeconomic headwinds."

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
Increasing Device Compatibility and Interoperability
Artificial Intelligence
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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