Consumer spending on smart home related hardware, services and installation fees totaled $85B in 2020, down from $95B in 2019 due to the economic downturn driven by widespread business shutdowns caused by COVID-19. However, projects postponed in 2020 will be implemented in 2021, leading to an increase in 2021 to $117B and continue to grow at a 15% CAGR to $171B by 2025. By 2025, more than 400M homes worldwide, or 19% of all households, will have at least one type of smart system installed. This forecast data table is updated semi-annually and presents Strategy Analytics' forecast and key planning assumptions for the global Smart Home Systems and Services market for the period 2012 to 2025.
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.
Table of Contents
1. Title
2. Contents
3. The Story
4. Analysis
5. North America
6. Canada
7. United States
8. Western Europe
9. Denmark
10. Finland
11. France
12. Germany
13. Italy
14. Norway
15. Spain
16. Sweden
17. UK
18. Rest of Western Europe
19. Asia Pacific
20. China
21. Rest of Asia Pacific
22. Central & Eastern Europe
23. Middle East & Africa
24. Central & Latin America
25. Argentina
26. Brazil
27. Mexico
28. Rest of Central & Latin America
29. Global Total
30. Coverage
31. Definitions
32. Methodology
33. Contacts
34. Flat File
For Each Region_Country
Households
Growth Yr-over-Yr %
Fixed-Line Broadband Penetration
Growth Yr-over-Yr %
Fixed-Line Broadband Households (M)
Growth Yr-over-Yr %
Security Systems & Services
% HHs with Prof. Monitored Security
Growth Yr-over-Yr %
% HH w/Traditional Sec
Growth Yr-over-Yr %
%ALL HH w/Interactive Security
Growth Yr-over-Yr %
Traditional Security
# HHs with Trad. Prof. Mon. Security
Annual Monitoring Revenue -- Traditional Security
Total Annual Security System Sales
Annual Hardware Revenue
Total Traditional Security Revenues
Interactive Security
# HHs with Prof. Mon. Interactive Security
Growth Yr-over-Yr %
% Broadband HHs w/Prof. Mon. Interactive Security
Annual Monitoring Revenue - Interactive Security
Annual Hardware Revenue
Total Interactive Security Revenues
Professionally Monitored Security SUMMARY
Total Annual Security Monitoring Revenue
Growth Yr-over-Yr %
Total Annual Security Hardware Revenue
Growth Yr-over-Yr %
Total HH with Prof. Monitored Security
Growth Yr-over-Yr %
Total Annual Security Market Value
% Monitoring Fees
% Hardware + Installation
Remote Self-Monitoring &/or Control
(Excludes Professionally Monitored Systems)
% BB HHs w/ Remote Self-Mon. &/or Control
Growth Yr-over-Yr %
# Households w/ Self-monitoring & Control
% All Self-monitored HHs Paying for a Service
Growth Yr-over-Yr %
# HHs Paying for Self-monitoring & /or Control Svcs
Growth Yr-over-Yr %
% BB HHs
Monthly Fee/Service/HH
Average Number of Services/HH
Total Annual Self-monitoring Revenue
Annual Self Monitoring Hardware Revenue
% Households Paying for Installation
Average Fee
Annual Installation Revenues
Total Annual Self-Monitoring Market Value
% Monitoring Fees
% Hardware
% Installation
Digital Healthcare Systems & Services
% BB HHs w/ Digital Healthcare Systems & Services
# Households w/Digital Healthcare Sys & Svcs
Growth Yr-over-Yr %
Annual Consumer Spending on Digital Healthcare Services
Annual Consumer Spending on Digital Healthcare Hardware
Annual Consumer Spending on Digital Healthcare Systems and Services
% Service Fees
% Hardware
Whole-home Control Systems
% BB HHs w/ Whole-home Control Systems
# Households w/Whole-home Control Systems
Growth Yr-over-Yr %
Total Annual Sales
Average System Price
Whole-home Control Hardware Value
Installation Fees (Includes Programming & Support)
Total Whole-home Control Revenues
Integrated Entertainment Control Systems
% BB HHs w/ Integrated Entertainment Controls
#HHs w/Integrated Entertainment Control Systems
Total Annual Sales
Average System Price
Integrated Entertainment Control Hardware Value
Installation Fees (Includes Programming & Support)
Total Integrated Entertainment Control Systems
Remote-enabled Entertainment Control Systems
(REECS)
% BB HHs w/ REECS Activated
Growth Yr-over-Yr %
# Households w/REECS
Total Annual Sales
Average Annual STB Rental Premium
REECS Annual Hardware RENTAL Value
Smart Appliance Controllers
(Components adding smart capabilities)
% BB HHs w/Smart Appliances
Growth Yr-over-Yr %
# Households w/Smart Appliances
Average Number of Smart Appliances/HH with Any
Installed Smart Appliances
Total Annual Sales
Average System Price
"Smart" Controller Value
Other smart Home Households
HHs without Above Control or Monitoring Systems
% ALL HHs
% HHs with OTHER Smart Systems
# HHs w/ OTHER Smart Systems
% ALL HHs
Total Annual Sales
Average System Price
Revenue from Other Smart Hardware
Growth Yr-over-Yr %
Total Number of "Smart" Homes
% ALL HHs
% BB HHs
TOTAL Smart Home Market
Hardware Spending
% Hardware
Services Spending
% Services
Installation Fees (Not Included in Services)
% Installation Fees
Total Consumer Smart Home Spending