Worldwide Smart Home Monitoring and Security Device Forecast, 2023-2027

This IDC study provides worldwide smart home monitoring and security device market forecast for 2023-2027."The worldwide market for smart home monitoring and security devices remains robust despite downward pressure on shipments due to economic volatility in many parts of the world," says Adam Wright, research manager for IDC Smart Home and Office devices research program. "Consumer demand for smart cameras, locks, doorbells, and other devices is higher than for many other types of smart home devices, despite wallets becoming increasingly squeezed from high inflation. Some regions like North America are nearing a saturation of installed base, putting further downward pressure on growth, but other regions like Asia/Pacific are showing high growth as broadband penetration increases and consumer interest begins to rise."