U.S. Smart Home Device Forecast Update, 2023–2027: CY 4Q23
This IDC study provides an updated forecast for the U.S. smart home device market for the 2023–2027 period."Broadly speaking, the U.S. smart home device market is in a slump," says Adam Wright, research manager for IDC's Smart Home research program. "Although some vendors and device categories have performed better than expected, 2023 is proving to be a tough year for growth. Vendors will need to compete aggressively on price and deliver innovative value propositions to help drive consumer demand and stay ahead of macroeconomic headwinds."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Shipments Forecast by Product
- Shipments Forecast by Value
- Market Context
- Drivers and Inhibitors
- Drivers
- Increasing Device Compatibility and Interoperability
- Artificial Intelligence
- Inhibitors
- Privacy/Security Concerns
- Costs of Devices and Services
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook