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The pandemic did not prevent the growth of the market for smart home devices
International Data Corporation (IDC) Reveals Global Smart Home Market Forecast: Industry Analysts Expect Double Digit Growth.
Various set-top boxes, monitoring and security systems, smart lighting devices, smart speakers, smart displays, etc. are taken into consideration.
Last year, the volume of the global market in piece terms amounted to 801.5 million units. Despite the pandemic, the industry showed 4.5% growth compared to 2021.
In the period until 2025, the CAGR (compound annual growth rate) in the designated area is projected at 12.2%. As a result, in the middle of the decade the market volume will reach 1.4 billion pieces.
Now the devices for home video entertainment are most in demand: their share in the total volume of shipments in 2021 amounted to 37.0%. In 2025, this figure will drop to 27.6%, analysts say.
In second place in popularity are devices for monitoring and security: their share will rise from 20.5% to 21.2%. Next come smart dynamics with a score of 16.3% in 2021 and a projected share of 14.4% in 2025.