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Author: Nitesh Patel
Co Author: William Ablondi
Publication Date: 8月 17 2023
Pages: 37
Report Type: Forecast and Outlook



2023 - Global Smart Home Forecast - August 2023

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Report Summary:

Global consumer spending on smart home related hardware, services and installation fees will reach $131 billion in 2023 up 10% from 2022. In June 2023 the World Bank raised its view of growth in the world’s economy to 2.1% from the 1.7% it forecasted in January. However, the bank expects slowing growth in the second half of 2023 and muted growth in 2024.

Despite the cautionary view of the World Bank, TechInsights sees consumer spending on smart home systems and services to grow at 7.9% CAGR over the next five years reaching $191 billion in 2028. The smart home market is diverse in terms of use cases making it more resilient to downward economic pressures than many consumer markets. This forecast takes into account some softness in global economies.

By 2028, 550 million homes worldwide, or 24% of all households, will have at least one type of smart system installed. This forecast data table is updated semi-annually and presents TechInsights' forecast and key planning assumptions for the global Smart Home Systems and Services market for the period 2018 to 2028.

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. RoCLA
32. Global Total
33. Coverage
34. Definitions
35. Methodology
36. Contacts
37. Flat File

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