The market for smart home systems and services in Spain is poised for growth and is set to become a major market opportunity for technology and service providers over the next five years. Revenues from smart home related hardware, services and installation fees will exceed $0.9B in 2016 and grow at a 13% CAGR to nearly $1.6B by 2020. By 2020 almost 4.6M Spanish homes or nearly 25% will have at least one type of smart system installed. This forecast data table presents Strategy Analytics' forecast and key planning assumptions for Smart Home Systems and Services in Spain for the period 2010 to 2020. It includes detailed projections for smart home segments such as Interactive security, remote and whole home control, digital health care, whole home and remote entertainment systems, and smart appliances.

 

In addition, breakouts for the major devices sold as part of interactive security and remote self-monitoring solutions are provided in separate TABs.  The end user value of these devices will reach nearly $186M in 2016 and grow at an 18% CAGR to over $368M by 2020.