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Worldwide Smart Home Device Forecast Update, 2018–2022: CY 4Q18

Worldwide Smart Home Device Forecast Update, 2018–2022: CY 4Q18

This IDC study provides a five-year forecast update for the worldwide smart home device market."While it's still early days for the smart home market, we expect to see considerable growth over the next few years, especially as consumers become more aware of and increasingly interact with smart assistant platforms like Amazon's Alexa and Google Assistant," says Adam Wright, senior research analyst for IDC's Internet of Things Consumer research program. "Whether in the form of a smart speaker or embedded in a thermostat, fridge, TV, or any other device, smart assistants are quickly becoming the cornerstone of consumer IoT by enhancing the accessibility, use, and functionalities of connected devices, which will noticeably boost adoption rates in the near future. That said, issues around interoperability, security and privacy concerns, and the cost of devices will continue to be leading inhibitors to the market's growth."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Shipments Forecast by Product
Shipments Forecast by Value
Shipments Forecast by Region
Shipment Value Forecast by Region
Market Context
Drivers and Inhibitors
Drivers
Rising Broadband Penetration Rates
Rising Demand for Energy Efficiencies
Smart Assistants
Inhibitors
Privacy/Security Concerns
Costs of Devices and Services
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

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