Worldwide Smart Home Device Forecast Update, 2020–2024: CY 4Q20

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
Rising Broadband Penetration Rates
Smart Assistants
Privacy/Security Concerns
Costs of Devices and Services
Coronavirus and Economic Turmoil
Significant Market Developments
Changes from Prior Forecast
Market Definition
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