TECH SUPPLIER Jul 2021 - Market Forecast - Doc # US48069521

Worldwide Smart Home Device Forecast Update, 2021–2025: CY 3Q21


Adam Wright

This IDC study provides a five-year forecast update for the worldwide smart home device market.

"The worldwide market for smart home devices and services remains resilient despite the ongoing uncertainties caused by the COVID-19 pandemic," says Adam Wright, senior research analyst for IDC's Smart Home research program. "The market has lost some ground in 2020 compared with prior forecasts — a result of supply-side constraints, high unemployment, and lockdown measures, among other factors — but, nevertheless, we anticipate positive year-over-year growth moving forward across all device categories. As consumers shift their spending priorities from other areas like vacations, travel, and going out to eat, smart home devices have remained broadly popular."



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