2Q 2020

Market Data: Smart Home IoT

Connected Hardware, Software, and Services in the Home: Global Market Analysis and Forecast

The smart home market has held relatively steady during the COVID-19 shutdown. There have even been signs of a sales bump in some categories due to many consumers who are still employed staying home, having extra time, and investing saved money in products that make their homes more convenient, secure, and energy efficient. Nonetheless, the overall downward economic effects of the COVID-19 pandemic such as widespread layoffs are expected to dampen previously expected market growth in the near term. Moreover, with new home construction under restrictions, wider smart home adoption from this channel has been shut off for a significant portion of 2020. These factors and others were considered in the assumptions used for the forecast.

This report considers existing smart home technologies and provides a data forecast for how the market is likely to evolve over the coming decade. For this report, a new set of devices has been added because of the pandemic. With people spending more time at home and developing a deeper concern for their health, there is growing demand for products that relate to health and wellness. For example, telemedicine is gaining acceptance, and there are products that enhance that capability.

This Guidehouse Insights report has been prepared for smart home market stakeholders with analysis and forecasts of how the market is likely to evolve during the next 10 years. The study provides analysis of the market opportunities, key drivers of growth, and technology trends associated with the evolving smart home. The report’s purpose is to provide a strategic examination from an overall tactical business perspective. Market forecasts for annual smart home unit shipments and revenue along with software and services revenue extend through 2029 and are segmented by region and technology segment.
Pages 28
Tables | Charts | Figures 37
  • What key trends are shaping the smart home market?
  • What are the drivers of the global and regional smart home markets?
  • What is the 10-year forecast for revenue for the smart home market?
  • Which regions are likely to see the most revenue growth from smart home products and services?
  • What approach does Guidehouse Insights recommend for smart home market stakeholders?
  • Smart home device manufacturers
  • Smart home service providers
  • IoT vendors
  • Utilities
  • Smart home software providers
  • Smart home platform providers
  • Home builders
  • Smart home integrators
  • Regulators
  • Smart home market investors
  • Investor community

1. Executive Summary

1.1   Key Market Trends

1.2   Market Drivers

1.3   Market Forecast

2. Data Assumptions

2.1   Market Drivers

2.2   Healthier Living and Homes with Smarter Technologies

3. Market Forecast

3.1   Methodology

3.1.1   Forecast Assumptions

3.2   Global Overview

3.2.1   North America

3.2.2   Europe

3.2.3   Asia Pacific

3.2.4   Latin America

3.2.5   Middle East & Africa

3.2.6   Services

3.2.7   Smart Home Health and Wellness Devices

3.3   Conclusions and Recommendations

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

  • Smart Home Device Revenue by Region, World Markets: 2020-2029
  • Smart Home Device Shipments by Region, World Markets: 2020-2029
  • Smart Home Device Shipments by Type, North America: 2020-2029
  • Smart Home Revenue by Device Type, North America: 2020-2029
  • Smart Home Device Shipments by Type, Europe: 2020-2029
  • Smart Home Revenue by Device Type, Europe: 2020-2029
  • Smart Home Device Shipments by Type, Asia Pacific: 2020-2029
  • Smart Home Revenue by Device Type, Asia Pacific: 2020-2029
  • Smart Home Device Shipments by Type, Latin America: 2020-2029
  • Smart Home Revenue by Device Type, Latin America: 2020-2029
  • Smart Home Device Shipments by Type, Middle East & Africa: 2020-2029
  • Smart Home Revenue by Device Type, Middle East & Africa: 2020-2029
  • Smart Home Services Revenue by Region, World Markets: 2020-2029
  • Smart Home Health and Wellness Device Revenue by Technology, World Markets: 2020-2029
  • Smart Home Health and Wellness Device Shipments by Technology, World Markets: 2020-2029
  • Smart Home Device Shipments by Region, World Markets: 2020-2029
  • Smart Home Device Revenue by Region, World Markets: 2020-2029
  • Smart Home Device Shipments by Type, World Markets: 2020-2029
  • Smart Home Revenue by Device Type, World Markets: 2020-2029
  • Smart Home Device Shipments by Type, North America: 2020-2029
  • Smart Home Revenue by Device Type, North America: 2020-2029
  • Smart Home Device Shipments by Type, Europe: 2020-2029
  • Smart Home Revenue by Device Type, Europe: 2020-2029
  • Smart Home Device Shipments by Type, Asia Pacific: 2020-2029
  • Smart Home Revenue by Device Type, Asia Pacific: 2020-2029
  • Smart Home Device Shipments by Type, Latin America: 2020-2029
  • Smart Home Revenue by Device Type, Latin America: 2020-2029
  • Smart Home Device Shipments by Type, Middle East & Africa: 2020-2029
  • Smart Home Revenue by Device Type, Middle East & Africa: 2020-2029
  • Smart Home Software Revenue by Region, World Markets: 2020-2029
  • Smart Home Services Revenue by Region, World Markets: 2020-2029
  • Smart Home Device Shipments by Dwelling Type and Region, World Markets: 2020-2029
  • Smart Home Device Revenue by Dwelling Type and Region, World Markets: 2020-2029
  • Smart Home Health and Wellness Device Shipments by Technology, World Markets: 2020-2029
  • Smart Home Health and Wellness Device Revenue by Technology, World Markets: 2020-2029
  • Smart Home Health and Wellness Device Shipments by Region, World Markets: 2020-2029
  • Smart Home Health and Wellness Device Revenue by Region, World Markets: 2020-2029
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