Smart home device shipment growth 4.6% in 2023: IDC | Jobs Reply

Smart home device shipments are expected to decline 2.6 percent in 2022 to 874 million units, according to IDC’s latest forecast.
A disruption in the supply chain has affected shipments of smart home devices.

“We have downward pressure on demand in 2022 as inflation continues to weigh on consumers’ wallets. Looking ahead, we expect volatility to continue to hinder market growth in 2023 and beyond,” said Adam Wright, senior research manager, Smart Home and Office Devices.

Shipments of smart home devices will grow at 4.6 percent in 2023 with most of the growth coming from emerging markets as well as China.

Smart speaker shipments are expected to decline in the long run in developed markets such as the United States and China.

“Smart speakers will be relied upon in emerging markets and places like Europe where language and lack of services have been barriers to adoption in the past,” said Jitesh Ubrani, research manager for Mobility Trackers and Consumer Devices IDC.

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