Forecast Report

Smart Speakers Lead The Smart Home Revolution

Cost Continues To Be The Biggest Inhibitor To Smart Home Adoption

May 21st, 2019
With contributors:
Reineke Reitsma , Sanjeev Kumar , Patrick Carroll

Summary

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.

Want to read the full report?

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.

With
Reineke Reitsma
Sanjeev Kumar
and Patrick Carroll