Abstract

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

"The notion of the 'smart home' is well and truly mainstream in many parts of the world now," says Adam Wright, senior research analyst for IDC's Smart Home research program. "Smart home devices have proved their merit during the global pandemic as adding meaningful value to peoples' lives at home such as easing social isolation, enhancing home security, and delivering convenience and entertainment, among other benefits. As we look ahead, and buoyed by strong demand, the market is poised for solid growth despite ongoing disruptions from supply chains, logistics, and uneven economies across the globe."

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