TECH SUPPLIER Aug 2021 - Market Analysis Perspective - Doc # US47078121
Market Analysis Perspective: Worldwide Smart Home and Office Devices, 2021
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.
"The smart home and smart office markets continue to evolve at a rapid pace," said Adam Wright, senior research analyst for IDC's Smart Home program. "The underlying driving force of each 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."