Forecast Report

Forrester Data: Smart Home Devices Forecast, 2017 To 2022 (US)

ForecastView Document

October 23rd, 2017
With contributors:
Sanjeev Kumar , Annika Gunderson

Summary

We expect the smart home devices installed base in the US to grow at a five-year compound annual growth rate (CAGR) of 42%, powered by the smart speakers category. We break up this forecast into 12 main categories of smart home devices: 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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