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Jul 2018 - Market Forecast - Doc # US44139718

U.S. Smart Home Device Forecast, 2018–2022

By: Adam WrightSenior Research Analyst, Internet of Things: Consumer

Abstract

This IDC study provides IDC's forecast for the U.S. smart home device market for the 2018–2022 forecast period.

"While it's still early days for the smart home market — and the wider consumer IoT ecosystem in general — we expect to see considerable growth over the next few years, especially in the United States, which has high household broadband penetration," says Adam Wright, senior research analyst for IDC's Consumer Internet of Things research program. "Moreover, as consumers become more aware of and increasingly interact with smart assistant platforms like Amazon's Alexa and Google Assistant, demand for smart home devices will receive a noticeable boost. Whether in the form of a smart speaker or embedded in a thermostat, fridge, TV, or any other device, smart assistants are quickly becoming the cornerstone of consumer IoT by enhancing the accessibility, use, and functionalities of connected devices. However, issues around device interoperability, security and privacy concerns, and the costs will inhibit the market's growth."


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