Smart Home: market data & analysis

Market Insights report

Smart Home: market data & analysis

The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly to the Internet. Their main purpose is the controlling, monitoring and regulating functions in a private household. The worldwide revenue of US$134.8 billion in 2023 is expected to increase to US$231.6 billion by 2028.


What's included?

  • Market size & forecasts for the next five years
  • Regional development with the focus regions & countries: U.S., Europe and China
  • Key player and product deep dives
  • Trends and market developments

Table of contents

The Internet of Things (IoT) is one of the hot topics when it comes to digitalization and disruptive changes to traditional industries. The globally rising number of connected sensors leads to more and more data. With the use of smart algorithms such as machine learning tools, this data can be used to control actuators. These sensors and actuators are what we generally call IoT. The IoT in the content of private households are what we call a Smart Home. The possibilities to automate processes in the domestic context are almost countless. The report covers the whole Smart Home market which includes Smart Appliances, Security, Control and Connectivity, Home Entertainment, Energy Management as well as Comfort and Lighting. Considered are all devices that are connected directly or indirectly to the Internet. The remote control and monitoring of individual devices and, if applicable, their direct communication with one another, is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.

Statista report shop

Explore all Statista reports

We provide information on industries, companies, consumers, trends, countries, and politics, covering the latest and most important issues in a condensed format.

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)