Worldwide Smart Home Device Forecast Update, 2020–2024: CY 4Q20
This IDC study provides a five-year forecast update for the worldwide smart home device market."The worldwide market for smart home devices and services remains resilient despite the COVID-19 pandemic," says Adam Wright, senior research analyst for IDC's Smart Home research program. "The market has lost some ground in 2020 compared with prior forecasts — a result of supply-side constraints, high unemployment, and lockdown measures, among other factors — but nevertheless, we anticipate positive year-over-year growth in 2020 across all device categories. As consumers shift their spending priorities from other areas such as vacations, travel, and going out to eat, smart home devices have remained broadly popular."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Shipments Forecast by Device Type
- Shipments Forecast by Value
- Shipments Forecast by Region
- Shipment Value Forecast by Region
- Market Context
- Drivers and Inhibitors
- Drivers
- Rising Broadband Penetration Rates
- Smart Assistants
- Inhibitors
- Privacy/Security Concerns
- Costs of Devices and Services
- Coronavirus and Economic Turmoil
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
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