TECH SUPPLIER Aug 2019 - Market Analysis Perspective - Doc # US45464319
Market Analysis Perspective: Worldwide and U.S. Smart Home, 2019
This IDC Market Analysis Perspective provides a snapshot of the U.S. and worldwide market for smart home solutions and looks at the key factors shaping this emerging category.
"Although in its relative infancy, the smart home market is rapidly evolving," said Adam Wright, senior research analyst for IDC's Smart Home program. "The underlying driving force of the market is services. While device elements such as design and reliability are necessary for success, differentiation and margins lie elsewhere. IoT-enabled consumer products are accelerating the consolidation of value in services while diminishing the margins in the devices themselves."