Global consumer spending on smart home related hardware, services and installation fees will reach $118B in 2022, down 7% from our July forecast of $127B due to continuing deterioration of economic conditions although supply chain issues are beginning to be resolved. It is widely expected that the major global economies will sink into recessionary territory in 2023 which negatively impacted our forecast for the next two to three years, however spending will still grow at an 8.6% CAGR from 2022 to 2027 reaching $178B by 2027. This is down 13% from our July forecast of $204B.
By 2027, more than 500M homes worldwide, or 23% 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 2027.
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. This forecast provides 18 separate country and 5 regional breakouts.
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. India
22. Japan
23. South Korea
24. Rest of Asia Pacific
25. Central & Eastern Europe
26. Middle East & Africa
27. Central & Latin America
28. Argentina
29. Brazil
30. Mexico
31. Rest of Central & Latin America
32. Global Total
33. Coverage
34. Definitions
35. Methodology
36. Contacts
37. 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