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Worldwide Smart Home Device Forecast Update, 2023–2027: CY 3Q23

Publisher IDC
Published Jul 31, 2023
Length 17 Pages
SKU # IDC18096259

Description

Worldwide Smart Home Device Forecast Update, 2023–2027: CY 3Q23


This IDC study updates our 2023–2027 forecast for the worldwide smart home device market."The worldwide smart home market continues to be negatively impacted by economic headwinds, although to varying degrees in each region" says Adam Wright, research manager for IDC's Smart Home and Office Devices research. "More advanced markets like North America and Western Europe are expected to decline again this year in part because of unfavorable economic conditions putting downward pressure on consumers' wallets, as well as a tapering off of growth as installed bases of most devices are reaching maturation. But other regions like Asia/Pacific and Latin America are earlier in their own smart home journeys and have much room to grow over the next several years."

Please Note: Extended description available upon request.

Table of Contents

17 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Shipment 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
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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