Consumer spending on smart home related hardware, services and installation fees will reach $103B in 2019 and grow at a 11% CAGR to $157B by 2023. By 2023, 309M homes worldwide, or 15% of all households, will have at least one type of smart system installed. This forecast data table presents Strategy Analytics' forecast and key planning assumptions for the global Smart Home Systems and Services market for the period 2012 to 2023.
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.