The global smart home market is worth $84 billion in 2017, Strategy Analytics reports-- a 16% increase from the $72bn of 2016. The market is set to reach $96bn in 2018, before growing with a CAGR of 10% to $155bn in 2023.
N. America leads in spending with 41% of the total, or $40bn, followed by Asia-Pacific at $26bn and W. Europe at $17bn. In our part of the world, market drivers come from big names such as UK-based Centrica Connected Homes' Hive, Deutsche Telekom's Magenta Home, the German eQ-3 and Enco Toon in the Netherlands.