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Oct 20, 2023

Smart Home Statistics

Updated · May 01, 2023

Smart Home Statistics: ‘’Alexa read my emails’’ or ‘’Alexa call mom’’ aren't these daily used sentences in your smart home? The world is going hands-free with technology. This global smart home market has already reached billions and making our lives convenient day by day. There are thousands of various smart devices available today which can be easily purchased online. Not just this, but they are easy to install.

These Smart Home Statistics are written with interesting segments along with recent insights. So, you may ask your laptop to read out this page for you while you take sips from your cup of coffee!

Smart Home is a collection of home automation devices or smart gadgets or smart devices which perform the duties of humans or work on the commands given by their owners. These devices can be connected to the internet or WIFI at home. When these types of devices are connected to the internet, they become part of the Internet of Things (IoT). Smart devices come in many types such as Energy efficient devices, smart wellness or fitness devices, Home comfort gadgets, smart connectivity gadgets, smart kitchen gadgets, and many more…

(Source: Statista.com)

(Source: Statista.com)

(Source: Statista.com)

(Source: Statista.com)

(Source: Statista.com)

(Source: Statista.com)

Looking at these Smart Home Statistics, technology is leaping ahead securing all of us in one place. Even if we are away from our homes, we can monitor every single moment in our houses. Moreover, these voice-controlled devices run the houses like their owners. But are we secure? Even though cameras are watching our walls, fire alarms are keeping houses safe from burning, and voice-controlled devices are narrating news every morning, do we know who is behind these smart gadgets? Such devices can be easily accessed and your conversations at home are always at stake of the leak! Don't you think too much modernization at home can cost you some of private and secure life?

Globally, some of the top brands for Smart Home gadgets are Amazon, Google, Apple, Siemens, LG, Schneider, Sony Group Corporation, Honeywell International Inc., and Samsung.

Increasing demand for low carbon emission and energy-saving oriented solutions, surveillance systems, and the need for smart security as well as convenience of smart gadgets are the driving factors for the smart home market.

Smart gadgets or smart devices can automatically or over voice control, react on video doorbells, speakers and voice assistants, smart lighting, climate control, energy monitoring, robot vacuums, and indoor as well as outdoor security cameras.

Globally, smart speakers are the most popular smart devices found in almost every household.

Barry is a lover of everything technology. Figuring out how the software works and creating content to shed more light on the value it offers users is his favorite pastime. When not evaluating apps or programs, he's busy trying out new healthy recipes, doing yoga, meditating, or taking nature walks with his little one.

78% of people pay extra for a smart home. on average there are around 8 smart devices in a household. 2 out of 3 Americans leak of personal data due to smart gadgets. Smart home is projected at $381.90. CAGR of 10.63% between 2022 to 2027 by reaching $64.24 billion by 2027. 57% of the people aged 55 years and above Asia Pacific largest market for Smart Homes in 2023. the expected revenue is $139.30 billion with 18.5% of the change in revenue. smart lighting systems (26%), security cameras (23%), smart speakers (19%), smart TV (14%), and other smart devices (18%). increase by reaching 140 million by 2027. Amazon Echo (4th Gen) (smart speaker category) Google Nest WIFI Router (Smart network extender) Robot Vacuum (Self-cleaning robot category) Smart Security Camera (Smart security devices category) Home WIFI Smart Lock (Smart security devices category)
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