Smart Home revenue forecast in the segment Control and Connectivity worldwide until 2024

This statistic presents a forecast of the revenue in the Smart Home segment Control and Connectivity worldwide until the year 2024. According to the Digital Market Outlook, the revenue of the Smart Home segment Control and Connectivity worldwide is expected to be 33,061.8 million U.S. dollars in 2024. 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 for the segment Control and Connectivity worldwide from 2017 to 2024

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Supplementary notes

The Smart Home segment Control and Connectivity includes the essential equipment (connected and remote-control devices) and services that are part of an intelligent home network. The segment includes smart speakers (Amazon Echo, Google Home, etc.), central control and communication units (hub/gateway), programmable control buttons (e.g. wall switches and adjustable dials) and smart plugs for the control of non-smart devices. Revenues are also generated from services that support these hardware elements such as control apps and connectivity services. In previous releases, the products included here were part of the Home Automation segment. Heating controls are not included (see Energy Management).

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