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Consumer spending on smart home systems worldwide from 2014 to 2023
(in billion U.S. dollars)
Consumer smart home spending worldwide 2014-2023
By the end of 2019, consumer spending on smart home systems will have reached around 103 billion U.S. dollars. Spending is expected to rise through 2023, to a projected 157 billion U.S. dollars.

Smart Home Systems

Smart home systems provide a variety of functions that can be managed remotely by a smartphone or computer. Many consumers are likely to purchase smart speakers and smart home entertainment systems. However, use of smart devices goes beyond simply entertainment, as smart home appliances such as security systems or automatic heating and lighting can help improve the safety and comfort of being at home.

Smart speaker: a versatile favorite

Smart speakers are an increasingly popular component of a smart home and will have shipped over 98 million units by the end of 2019. These devices are more than simply music players, as many have smart assistant capabilities, and can respond to verbal prompts or command other smart home devices. Of these speakers, a majority are sold by Amazon, though in recent quarters, Google and Baidu have both grown to be close competitors in terms of unit shipments.
Consumer spending on smart home systems worldwide from 2014 to 2023
(in billion U.S. dollars)
Spending in billion U.S. dollars
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Source

Release date

September 2019

Region

Worldwide

Survey time period

2013 to 2019

Supplementary notes

*Forecast

Consumer smart home spending worldwide 2014-2023
By the end of 2019, consumer spending on smart home systems will have reached around 103 billion U.S. dollars. Spending is expected to rise through 2023, to a projected 157 billion U.S. dollars.

Smart Home Systems

Smart home systems provide a variety of functions that can be managed remotely by a smartphone or computer. Many consumers are likely to purchase smart speakers and smart home entertainment systems. However, use of smart devices goes beyond simply entertainment, as smart home appliances such as security systems or automatic heating and lighting can help improve the safety and comfort of being at home.

Smart speaker: a versatile favorite

Smart speakers are an increasingly popular component of a smart home and will have shipped over 98 million units by the end of 2019. These devices are more than simply music players, as many have smart assistant capabilities, and can respond to verbal prompts or command other smart home devices. Of these speakers, a majority are sold by Amazon, though in recent quarters, Google and Baidu have both grown to be close competitors in terms of unit shipments.
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Statistics on "Smart home"
  • Internet of Things
  • Market value
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  • Devices
  • Smart speaker
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