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Smart Home

  • The UK is a global leader in smart systems and there is significant export potential - which could contribute as much as £2.7bn per year to the UK economy by 2050 - for the solutions that we will need to deploy at home. theyworkforyou
  • By the end of 2021, smart home service revenues - primarily set-up and/or subscription services related to smart home installations, will have grown to US$ 32 billion, just 3% to over 2020. ABI Research
  • A quick search of YouTube will render easy-to-understand videos on how to do just about everything (including install security software, change your router password, secure the smart devices in your home, and how to adjust your privacy settings on any device). McAfee
  • As energy efficiency measures are being taken all over the world, smart homes and smart cities, with energy-efficient devices, are expected to increase. Mordor Intelligence
  • The Connectivity Standards Alliance, which includes Apple, Google, and Amazon, has announced it will delay the launch of its Matter standard, which aims to unify the smart home ecosystem of the largest tech giants.
  • Increasing adoption of internet-connected devices, smart TVs, and smart home devices, as well as consumers' media consumption through internet applications, will continue to drive high-speed broadband adoption in the years to come. TechRadar pro
  • Internet-connected devices, smart TVs, and smart home devices, along with online media consumption will continue to drive broadband adoption in the coming years. ETTelecom
  • The home automation market was worth $35.9bn in 2020, and will expand to $75.3bn by 2025 at a compound annual growth rate of just under 16%. Verdict
  • In the next five years, the number of purchases using voice in smart home devices will grow by 630%, and about 20% of all purchases will be made using smart screens and smart TVs. en
  • North America will continue to be the biggest market for smart homes in 2021, accounting for 40% of total consumer expenditure on smart homes. Inter Press Service
  • Consumers who delayed smart home installations in 2020 will make up for the lost time in 2021, as 30 million more homes are expected to buy smart systems in 2021. Inter Press Service
  • The national rollout, which will see energy suppliers offer smart meters to all homes by the end of 2025, has proved hugely controversial, with many customers preferring a traditional meter. The Telegraph
  • The combination of AI and increasingly open connectivity standards, like the rebranded initiative called Matter by the Connected Standards Alliance, will help facilitate better interaction by smart home devices without the limits of a branded ecosystem. parksassociates
  • The major disruption in the global healthcare and supply chains, hospitals, insurers, governments, and logistics providers are reacting quickly for a more connected world that could support better address the current crisis and mitigate future ones. Yahoo Finance
  • The announcement of HomeKit's expanded functionality means Apple is moving to improve its standing within the smart home market, including Siri's integration with third-party devices later in 2021 - something that will help to grow Apple's presence in the smart home space in a significant way. Digital Trends
  • Consumer robotics and smart appliance vendors will continue to benefit from the boost in consumer spending on home technology in 2021, building on the uplift that started in the second half of 2020. ABI Research
  • Global deployment of 5G networks will play a crucial role in the next phase of growth in smart cities, home automation, Industry 4.0, retail and entertainment experiences. Quantiphi, Inc.
  • The global smart home market is projected to reach $622.6 billion by 2026, growing at a compound annual growth rate of 29.3%. Banyan Hill Publishing
  • To address cybercrime vulnerabilities, the UK Government is introducing new legislation to protect consumers from insecure connected products such as smart televisions, home security and smartphones. Verdict
  • With the integration of Google Assistant technology, Technicolor Connected Home says its STBs will be able to act as a hands-free intelligent home hub for managing the complex array of digital services available to consumers today. Rapid TV News - Broadcast Technology Daily
  • The UK is a global leader in smart systems and there is significant export potential - which could contribute as much as £2.7 billion per year to the UK economy by 2050-for the solutions that we will need to deploy at home. Hansard Parliament
  • The aggregated revenue of global smart home security & safety systems market during 2019-2025 is expected to reach $134.5 billion owing to a growing adoption of various types of smart security devices in global households.
  • Smart Home: With growing demand for smart speakers and home robots, CTA projects that more than 100 million smart home devices will ship in 2021, holding flat on revenue, with $15 billion. CTA

Last updated: 19 September 2021