consumers are projected to adopt smart home technology by 2025 ( Statista)
By 2025, that number is estimated to rise to $170 billion (that’s a 26% growth rate.) 57% of U.S. In 2022, it’s estimated that global consumers will have spent $135 billion on smart home systems. Global consumer spending on smart home systems is expected to exceed $170 billion by 2025 ( Strategy Analytics)Ĭonsumer spending on smart home technology is steadily increasing. The next set of stats outline the current state of the smart home market. The market for smart homes and smart home technology has steadily increased since 2020. Almost two-thirds of smart home consumers are concerned about their data security.97% of smart home device owners are at least somewhat satisfied with their devices.Approximately 75% of smart home consumers are younger than 55.78% of potential home buyers would pay extra for a smart home.The global smart home market is expected to exceed $170 billion by 2025.Our up-to-date smart home stats provide insights into the current state of smart homes. Largely thanks to advancements in Internet of Things (IoT) technology, demand for smart home products is at an all-time high.īut how big is the smart home industry? And what do consumers think about smart homes? This is a list of up-to-date smart home statistics.
