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Smart Home Market Stats
The market for smart homes and smart home technology has steadily increased since 2020.
The next set of stats outline the current state of the smart home market.
Global consumer spending on smart home systems is expected to exceed $170 billion by 2025 (Strategy Analytics)
Consumer spending on smart home technology is steadily increasing. In 2022, it's estimated that global consumers will have spent $135 billion on smart home systems. By 2025, that number is estimated to rise to $170 billion (that's a 26% growth rate.)
Top Smart Home Stats
✔ The global smart home market is expected to exceed $170 billion by 2025
✔ 78% of potential home buyers would pay extra for a smart home
✔ Approximately 75% of smart home consumers are younger than 55
✔ 97% of smart home device owners are at least somewhat satisfied with their devices
98%
of smart device owners are satisfied with them
65%
would spend more for a smart home
16.7%
by 2023
of global households will own a smart device
A smart home could save you
£450 and
8 Days every year
The Internet of things’ global revenue
72.6
Billion
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