This statistic presents a forecast of the revenue in the Smart Home market in Europe until the year 2025. According to the Digital Market Outlook, the revenue of the Smart Home market in Europe is expected to be 45.001,1 million U.S. dollars in 2025. An overview of all Digital Markets can be found here. Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 150 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets. The Forecast is adjusted for the expected impact of COVID-19.
Smart Home - revenue forecast in Europe from 2017 to 2025
(in million U.S. dollars)
The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household. The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services. Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.
*Regions only include countries listed in the Digital Market Outlook.
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Statista. (June 14, 2021). Smart Home - revenue forecast in Europe from 2017 to 2025 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 27, 2022, from https://www.statista.com/forecasts/528116/revenue-in-the-smart-home-market-in-europe
Statista. "Smart Home - revenue forecast in Europe from 2017 to 2025 (in million U.S. dollars)." Chart. June 14, 2021. Statista. Accessed September 27, 2022. https://www.statista.com/forecasts/528116/revenue-in-the-smart-home-market-in-europe
Statista. (2021). Smart Home - revenue forecast in Europe from 2017 to 2025 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 27, 2022. https://www.statista.com/forecasts/528116/revenue-in-the-smart-home-market-in-europe
Statista. "Smart Home - Revenue Forecast in Europe from 2017 to 2025 (in Million U.S. Dollars)." Statista, Statista Inc., 14 Jun 2021, https://www.statista.com/forecasts/528116/revenue-in-the-smart-home-market-in-europe
Statista, Smart Home - revenue forecast in Europe from 2017 to 2025 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/528116/revenue-in-the-smart-home-market-in-europe (last visited September 27, 2022)