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For Customer Insights Professionals

Smart Speakers Lead The Smart Home Revolution

Cost Continues To Be The Biggest Inhibitor To Smart Home Adoption

May 21, 2019

Why Read This Report

Smart home technology has moved past its early adoption stage, and we expect the installed base of smart home devices to grow at CAGR of 26.2% between 2018 and 2023. Smart speakers have been the highest growth category of smart home devices until now, due to the easy voice interface. But as consumers get more used to smart home concepts, we expect other categories to pick up. In this report, we share our outlook for the US smart home — including its drivers and inhibitors.

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