Worldwide 7 Billion Smart Home Devices In 2020

Analyst Juniper Research forecasts that by the end of the year, 7.4 billion home-connected devices will be operating globally. This figure could almost double in 2025 to hit 13.5 billion.

In 2020, the vast majority of home-connected devices (smart speakers, connected TVs, video game consoles) are smart entertainment devices, and this category will produce over $230 billion in revenue in 2025.

Worldwide More Than 7 Billion Smart Home Devices In 2020 7.4 billion home-connected devices

Smart home automation could also expand to 3.9 billion active devices in 2025, but it will only be used five years from now in around one household out of 10 worldwide. These devices will fall primarily into the categories of smart locks and wired lightbulbs that do not have to be replaced on a regular basis.

Wyze unveils a $20 Smartwatch that monitors health controls in smart home devices

Smart devices are more correlated with entertainment than enhancing one’s home environment (audio and video streaming).

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Smart Home Devices list in 202o

There are a wide variety of smart home devices available in the market in 2020. Some of the most popular types of smart home devices include:

  1. Smart Thermostats: These devices allow homeowners to control their home’s temperature remotely using a smartphone app, and can also learn their heating and cooling preferences over time. Examples include the Nest Learning Thermostat and the ecobee Smart Thermostat.

  2. Smart Lighting: These devices allow homeowners to control the lighting in their home remotely using a smartphone app. Examples include the Philips Hue Smart Bulbs and the LIFX Smart Bulbs.

  3. Smart Security Systems: These devices include smart cameras, doorbells, and alarm systems that can be controlled remotely using a smartphone app. Examples include the Nest Cam Indoor and the Ring Video Doorbell.

  4. Smart Appliances: These devices include smart refrigerators, washing machines, and ovens that can be controlled remotely using a smartphone app. Examples include the Samsung Family Hub Refrigerator and the LG Smart ThinQ Washer.

  5. Smart Speakers: These devices include Amazon Echo and Google Home, which can be controlled by voice commands and can be used to control other smart home devices.

  6. Smart Locks: These devices allow homeowners to lock and unlock their doors remotely using a smartphone app. Examples include the August Smart Lock and the Kwikset Kevo Smart Lock.

  7. Smart Plugs: These devices allow homeowners to control any appliances plugged into it remotely using a smartphone app. Examples include the Amazon Smart Plug and the Wemo Mini Smart Plug.

  8. Smart Hubs: These devices act as a bridge between different smart home devices, allowing them to communicate and work together. Examples include the Samsung SmartThings Hub and the Amazon Echo Plus.

 
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