Forecast Report

Forrester Analytics: Smart Home Devices Forecast, 2018 To 2023 (US)

ForecastView Document

April 22nd, 2019
With contributors:
Reineke Reitsma , Patrick Carroll

Summary

The smart home has moved past its early adoption stage, and we expect it to grow at a CAGR of 26.2% between 2018 and 2023. In this report, we share our outlook for the US smart home, including its drivers and inhibitors. Our forecast covers 12 main categories: smoke/carbon-monoxide detection systems, do-it-yourself home monitoring, professionally monitored home security systems, connected door locks, smart thermostats, smart bulbs and lighting, electricity monitoring, dependent care monitoring, pet monitoring, garden and lawn, connected speakers, and smart speakers.

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