The march of the Smart Home – big numbers ahead!

There is no shortage of forecasts on the market growth for connected devices, and last week BI Intelligence, an analyst firm added their half-penny’s worth to the mix. According to their analysis, the market for connected home devices is set to grow from around 400m units in 2015 to 1,800m units 2019, a compound annual growth in excess of 65%, far exceeding smartphones and tablets, whose time in the limelight as the darlings of the tech world is on the wane. These devices include smart appliances, safety and security systems and smart energy systems and will correspond to a (scarcely credible) $490billion revenue by 2019.

What is particularly interesting is the dominant role smart home energy systems will represent over half devices shipped, though unclear what proportion of revenue this represents.

Growth in smart home energy devices
Growth in smart home energy devices

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