Post-COVID Smart Home Market Expected to Rebound and Reach USD 88 Billion by 2025

Strategy Analytics predicts a rebound in the smart home market in 2021 with consumer spending expected to increase to USD 62 billion.

Guess what? The smart home market is about to hit its stride again in 2021, with Strategy Analytics predicting consumer spending will soar to a whopping USD 62 billion. And that’s just the start—by 2025, we’re looking at a global market that could balloon to USD 88 billion, growing at a steady 15 percent each year. Not too shabby, right?

Here’s the scoop: thanks to the pandemic, folks have been snapping up smart home gadgets like there’s no tomorrow. Ring, Nest, and Philips Hue have seen the love, and let’s not forget the security buffs—ADT, Comcast, and Vivint are riding the wave too. It’s the young families leading the charge, especially when it comes to surveillance cameras and video doorbells. (Because who doesn’t want to keep an eye on their porch pirates?)