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Author: William Ablondi
Co Author: Jack Narcotta
Publication Date: Dec 21 2018
Pages: 9
Report Type: Insight, Word
Smart Home

2018 Smart Home Market in Review

Report Summary:

This report reviews the events, activities of some major players and trends that emerged in the smart home market in 2018. There was a lot of positive news and developments during the year and the global market grew from $84 B to nearly $96B. Not all was positive – Telefónica UK shut down its O2 Home service just after one year in the market. But there are numerous indicators of future growth including the growing ecosystems of digital assistants that are spawning new use cases, acquisitions of innovative companies by big brands with the resources to expand their market presence and the continuing reduction in device prices that make establishing a smart home more affordable to a wider range of consumers.

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