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Smart Home 2024: Top 5 Trends to Watch

Publisher IDC
Published Jan 29, 2024
Length 8 Pages
SKU # IDC18475982

Description

Smart Home 2024: Top 5 Trends to Watch


This IDC Market Perspective examines the key trends that will impact the smart home market in 2024. As vendors across the technology stack head into 2024, the important lessons learned around AI, customer experience, and the importance of interoperability will drive the trends we expect to see in this market throughout the year."The worldwide smart home market is in a period of uncertainty," says Adam Wright, research manager for IDC's Smart Home research program. "Although some regions, device categories, and vendors have performed better than others, 2023 proved to be a tough year for growth. Looking forward, 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

8 Pages
Executive Snapshot
New Market Developments and Dynamics
Market Growth Will Remain Sluggish
Impact in 2024
AI Everywhere
Impact in 2024
More Interoperability
Impact in 2024
Augmented Reality Gains Momentum
Impact in 2024
Home Robots
Impact in 2024
Advice for Technology Suppliers
Expect That AI Will Have an Outsized Role in the Market Moving Forward, and Plan Accordingly
Increase Engagement with Customers
Keep Prices of Devices and Services in Line with Consumer Expectations
Address Interoperability Issues and "Whole Home" IoT Solutions
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Related Research
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