This statistic presents a forecast of the penetration rate of Smart Homes in the Smart Home market in South Korea until the year 2025. According to the Digital Market Outlook, the penetration rate of Smart Homes in the segment Smart Home in South Korea is expected to be 54,6 percent 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 penetration rate per segment forecast in South Korea from 2017 to 2025
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 penetration rate per segment forecast in South Korea from 2017 to 2025 [Graph]. In Statista. Retrieved October 05, 2022, from https://www.statista.com/forecasts/887726/smart-home-penetration-rate-per-segment-in-south-korea
Statista. "Smart Home penetration rate per segment forecast in South Korea from 2017 to 2025." Chart. June 14, 2021. Statista. Accessed October 05, 2022. https://www.statista.com/forecasts/887726/smart-home-penetration-rate-per-segment-in-south-korea
Statista. (2021). Smart Home penetration rate per segment forecast in South Korea from 2017 to 2025. Statista. Statista Inc.. Accessed: October 05, 2022. https://www.statista.com/forecasts/887726/smart-home-penetration-rate-per-segment-in-south-korea
Statista. "Smart Home Penetration Rate per Segment Forecast in South Korea from 2017 to 2025." Statista, Statista Inc., 14 Jun 2021, https://www.statista.com/forecasts/887726/smart-home-penetration-rate-per-segment-in-south-korea
Statista, Smart Home penetration rate per segment forecast in South Korea from 2017 to 2025 Statista, https://www.statista.com/forecasts/887726/smart-home-penetration-rate-per-segment-in-south-korea (last visited October 05, 2022)