target audience: TECH SUPPLIER Publication date: Oct 2023 - Document type: Market Forecast - Doc Document number: # US51275923
U.S. Smart Home Device Forecast Update, 2023–2027: CY 4Q23
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Abstract
This IDC study provides an updated forecast for the U.S. smart home device market for the 2023–2027 period.
"Broadly speaking, the U.S. smart home device market is in a slump," says Adam Wright, research manager for IDC's Smart Home research program. "Although some vendors and device categories have performed better than expected, 2023 is proving to be a tough year for growth. Vendors will need to compete aggressively on price and deliver innovative value propositions to help drive consumer demand and stay ahead of macroeconomic headwinds."