New report shows the $11.4 billion global smart home market is currently growing 95%, driven by voice-enabled home gateways and new smart appliances. The report data reveals that the Smart Home market has grown 95% between Q2/2016 and Q2/2017, reaching a quarterly revenue of $3.3 billion in Q2/2017 ($11.4 billion over the last 12 months).
The United States currently make up almost 50% of global Smart Home revenue, followed by South Korea ($283 million), Germany ($201 million) and the UK ($184 million).
Smart Home Gateways sold for an aggregated $802 million in Q2/2017, making it the largest out of the 8 segments analyzed. Gateways also continue to outgrow the overall Smart Home Market due to fast adoption of voice-enabled home assistants such as Amazon Echo and Google Home.
More smart Home News from Around The Web