The number of smart homes in Europe and North America reached 30.3 million in 2016

IoT.Business.News | July 13, 2017

The number of smart homes in Europe and North America reached 30.3 million in 2016
According to a new research report from Berg Insight, the number smart homes in Europe and North America reached 30.3 million in 2016. North America is the world’s most advanced smart home market and the region had an installed base of 21.8 million smart homes at the end of the year, a 47 percent year-on-year growth. The strong market growth is expected to last for years to come, driving the number of smart homes in North America to 73.0 million by 2021, which corresponds to 55 percent of all households. The European market is still a few years behind North America in terms of penetration and market maturity. At the end of 2016, there were 8.5 million smart homes in Europe and the market is forecasted to grow at a compound annual growth rate (CAGR) of 57 percent in the next five years to reach 80.6 million smart homes by 2021, which corresponds to 36 percent of all European households.

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The Firm’s Evolution Has Been Driven By Harnessing “Disruptive” Technologies To Drive Significant New Growth -- Embedded Computing, Intelligent Device Networking and Software Technologies. The Internet of Things – An IT Tsunami


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