It is estimated that the global smart home equipment shipment will reach 854 million units in 2020, with a year-on-year increase of 4.1% From IDC

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the It is estimated that the global smart home equipment shipment will reach 854 million units in 2020, with a year-on-year increase of 4.1% From IDC recommended by recordtrend.com. And this article belongs to the classification: IDC, Smart home.

IDC, a market analysis firm, said that despite the severe impact of the new outbreak on the world economy, smart home devices are expected to continue to grow this year. IDC said that in 2020, the number of smart home devices will reach 854 million, a year-on-year growth of 4.1%. In the long run, IDC predicts that global shipments will exceed 1.4 billion units in 2024, with a five-year compound annual growth rate of 14%. IDC said the growth will come from more consumption and continued investment in home automation equipment and services.

Adam Wright, senior research analyst at IDC, commented: “from a demand side point of view, smart home devices have remained quite resilient during the global covid-19 pandemic. The market in 2020 has lost some advantages over previous forecasts – the result of factors such as high unemployment and lock-in measures, but nevertheless, we expect all equipment categories to achieve positive year-on-year growth in 2020. As consumers shift their focus from vacation, tourism, dining out and other fields, smart home devices are still popular.

In 2024, the market share of video entertainment smart home devices is expected to be 31.3%, which is about 10% lower than that in 2020, but it is still the largest category in the field of smart home. Home monitoring and security will increase from 19.5% in 2020 to 21.1% in 2024, and smart speakers are expected to decline from 15.6% to 14.1% in the same period.

The decline in the market share of video entertainment and smart speaker devices is due to the “other” category, which is expected to increase from 23.4% in 2020 to 33.5% in 2024. Although some of these categories have a smaller market share as a whole, the volume of all these categories will increase significantly compared to now. IDC said that while the smart home sector will grow in the next few years, concerns about security and privacy remain.

IDC: in Q1 of 2019, the global smart home device shipment will reach 168.6 million units, with a year-on-year increase of 37.3% IDC: it is estimated that 67% of the smart home devices will be able to access the home Internet platform IDC: it is estimated that the global smart home devices will reach 832.7 million in 2019 IDC: China’s smart home market is expected to ship 150 million units in 2018. IDC: Top 10 forecast of China’s smart home market in 2019 IDC: smart home interconnection platform IHS Markit: the total revenue of global smart home market in 2020 is expected to reach 1, Deloitte Consulting: networking and mobile trend report 2020 emarketer: it is estimated that the number of active users of smart speakers in the United States will reach 35.6 million in 2017 IDC: in 2020, the global sales of wearable devices will reach 72.6 million units, with a year-on-year growth of 29.7%. Economist: smart home has a long way to go Technology giants actively layout Tencent Technology: 2014 domestic smart home market development report Argus insights: in May 2015, the proportion of users interested in smart home decreased by 15% IDC: 2017 global wearable market report thinkinnow: 3 / 10 Americans plan to buy smart home products

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.