As of July 2020, Xiaomi’s Mi Home was the leading smart home mobile application in China with over 10 million active users. Over the past decade, the smartphone company has developed into a multinational electronics company. Today, Xiaomi’s product portfolio includes the whole spectrum, from smartphones and laptops to household electronics. A significant share of the company’s revenue comes from Internet of Things and consumer products.
Smart home trends
In recent years, China experienced a strong digitalization trend in the household appliance industry. Most large electronic consumer goods or household appliance brands brought smart versions of their products to the market. From all product categories, smart appliances were able to generate the highest growth.
Value through interconnectivity
At the core of most smart homes lies a smartphone application that connects all devices, digitalizing the interaction of consumers with their home environment. This connection all home devices and enabling centralized and remote control through a smartphone application is what adds value for the customer. It is also the driving factor behind the popularity of smart homes. According to forecasts, the number of smart homes is going to increase significantly over the next years which will alter life at home for millions of Chinese consumers.
Leading mobile applications for smart homes in China as of July 2020, based on number of active users
(in 1,000s)
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Analysys. (September 4, 2020). Leading mobile applications for smart homes in China as of July 2020, based on number of active users (in 1,000s) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1180778/china-leading-smart-home-apps-based-on-active-users/
Analysys. "Leading mobile applications for smart homes in China as of July 2020, based on number of active users (in 1,000s)." Chart. September 4, 2020. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1180778/china-leading-smart-home-apps-based-on-active-users/
Analysys. (2020). Leading mobile applications for smart homes in China as of July 2020, based on number of active users (in 1,000s). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1180778/china-leading-smart-home-apps-based-on-active-users/
Analysys. "Leading Mobile Applications for Smart Homes in China as of July 2020, Based on Number of Active Users (in 1,000s)." Statista, Statista Inc., 4 Sep 2020, https://www.statista.com/statistics/1180778/china-leading-smart-home-apps-based-on-active-users/
Analysys, Leading mobile applications for smart homes in China as of July 2020, based on number of active users (in 1,000s) Statista, https://www.statista.com/statistics/1180778/china-leading-smart-home-apps-based-on-active-users/ (last visited October 31, 2024)
Leading mobile applications for smart homes in China as of July 2020, based on number of active users (in 1,000s) [Graph], Analysys, September 4, 2020. [Online]. Available: https://www.statista.com/statistics/1180778/china-leading-smart-home-apps-based-on-active-users/