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Market Research Report

Worldwide Smart Home Device Forecast, 2020-2024

Published by IDC Product code 631787
Published Content info 17 Pages
Delivery time: 1-2 business days
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Worldwide Smart Home Device Forecast, 2020-2024
Published: April 15, 2020 Content info: 17 Pages
Description

This IDC study provides a five-year forecast for the worldwide smart home device market."While it's still early days for the smart home market, we expect to see considerable growth over the next few years, especially as consumers become more aware of and increasingly interact with smart assistant (SA) platforms like Amazon's Alexa and Google Assistant," says Adam Wright, senior research analyst for IDC's Internet of Things Consumer research program. "However, in the year ahead, uncertainty remains about the impact of the novel coronavirus pandemic on the adoption of smart home devices and services. Supply chain and logistics constraints will remain for some time, and the increasing likelihood of a global recession will produce demand-side shocks to the market that could further inhibit growth in the near term."

Table of Contents
Product Code: US46187720

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

  • Shipments Forecast by Device Type
  • Shipments Forecast by Value
  • Shipments Forecast by Region
  • Shipment Value Forecast by Region

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Rising Broadband Penetration Rates
      • Smart Assistants
    • Inhibitors
      • Privacy/Security Concerns
      • Costs of Devices and Services
      • Coronavirus and Economic Turmoil
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition

Methodology

Related Research

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