Consumer spending on smart home related hardware, services and installation fees will reach nearly $96B in 2018 and grow at a 10% CAGR to $154B by 2023. Spending on devices will account for $53B in 2018 or 56% of the total and grow at an 8% CAGR to $79B in 2023 or 51% of total spending. This forecast data table presents Strategy Analytics' forecast and key planning assumptions for all devices sold into smart home applications for the period from 2012 to 2023.
The device forecasts for unit sales, annual spending and installed base are presented by country with regional and global totals.
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