Smart Home

The Smart Home market in Saudi Arabia is projected to witness a significant increase in revenue, reaching US$558.5m by 2024.
This growth is expected to continue with an annual growth rate (CAGR 2024-2028) of 10.96%, resulting in a projected market volume of US$846.5m by 2028.
In Saudi Arabia, the number of active households in the Smart Home market is expected to reach [users_currentlayer_yearend] by 2028.
This indicates a growing interest and adoption of Smart Home market technology among households in the country.
Furthermore, household penetration of Smart Home market technology is projected to increase from 22.1% in 2024 to 33.0% by 2028.
This signifies a rising trend of Smart Home market integration withSaudi_Arabian households.
On average, the revenue per installed Smart Home market in Saudi Arabia is expected to amount to US$419.60, reflecting the value and potential of this market segment in the country.
In a global comparison, it is noteworthy that United States generates the highest revenue in the Smart Home market, reaching a staggering US$38,800.0m in 2024.
However, Saudi Arabia's growing market and potential indicate a promising future for the Smart Home market industry within the country.
Saudi Arabia is witnessing a surge in the adoption of smart home technology, driven by the country's push towards modernization and increasing disposable income.

Key regions: United States, United Kingdom, Germany, Europe, Norway

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.

in-scope

Digitally connected and controlled devices within a house that can be remote controlled
Sensors, actuators and cloud services that support automation in any way
Control hubs to connect sensors and actuators with remote controls and to each other
B2C hardware and software sales as well as subscription fees

out-of-scope

Smart TVs
B2B/C2C sales of any kind (e.g. to hotels or office buildings)

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Smart Home - Saudi Arabia

in-scope

out-of-scope

Methodology

Overview