In 2023, the Africa Smart Home Market reached a value of USD 2.32 billion, and it is projected to surge to USD 8.63 billion by 2030.

When asked about "Smart home device ownership", 38 percent of South African respondents answer "Yes, for electricity and lighting (e.g., smart plugs, connected lightbulbs)". This online survey was conducted in 2024, among 2,031 consumers.

Snapshot img

Smart Home Market Size 2025-2029

The smart home market size is forecast to increase by USD 255.2 billion, at a CAGR of 23.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing consumer interest in home automation. Smart home devices, including lighting, temperature control, audio/video systems, cameras, and even appliances like dishwashers, are becoming increasingly popular. This trend is reflected in the rising number of strategic partnerships and alliances between key players in the industry. However, the market faces challenges related to interoperability, which hampers the seamless integration of various smart home devices and systems. Companies must address this issue to ensure user-friendly experiences and maintain competitiveness.
To capitalize on market opportunities, strategic investments in research and development, as well as collaborations and acquisitions, are essential. Navigating interoperability challenges and delivering integrated, intuitive smart home solutions will be crucial for market success.

What will be the Size of the Smart Home Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, with innovative technologies and applications unfolding across various sectors. Integration of apps, smart locks, customer support, wireless protocols, maintenance services, sensor technology, biometric authentication, IoT platforms, smart meters, smart washing machines, and other advanced features are becoming standard offerings. These solutions enable remote monitoring, energy management, home automation, and enhanced security systems. Smart home hubs and gateways facilitate seamless communication between devices, ensuring standards compliance and data analytics. Smart thermostats, refrigerators, and lighting systems optimize energy usage and provide user-friendly interfaces. Biometric authentication and facial recognition add an extra layer of security, while machine learning and natural language processing enhance user experience.

Wireless protocols, such as Zigbee, Z-Wave, and Bluetooth, enable seamless connectivity between devices. IoT platforms and cloud connectivity provide access to real-time data and remote control capabilities. Smart sensors and actuator technology enable automation and proactive maintenance. Data security remains a top priority, with advanced encryption and authentication methods ensuring privacy. Smart smoke detectors, home security cameras, and power management systems further extend the capabilities of smart home solutions. Smart ovens, smart displays, and smart speakers add convenience and entertainment to daily life. The ongoing evolution of smart home technology is driven by continuous innovation and growing consumer demand. Installation services and technical support ensure seamless adoption and integration of these advanced systems.

Smart irrigation, smart dryers, and smart plugs are just a few of the latest additions to the ever-expanding smart home ecosystem.

How is this Smart Home Industry segmented?

The smart home industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Home entertainment
  Smart appliances
  Energy management
  Lighting control system and HVAC
  Safety and security system


Technology

  Wireless
  Wired


Installation Type

  New Construction
  Retrofit


Product Type

  Smart Lighting
  Smart Appliances
  Security Systems


End-User

  Residential
  Commercial
  Property Developers


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The home entertainment segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant growth, with home entertainment leading the segment. Voice user interfaces, particularly smart speakers, have revolutionized home entertainment by providing an easily accessible and user-friendly interface. Advanced functionality and technical capabilities of voice assistants, such as Google Home and Amazon Echo, have created opportunities for innovation in the market. Smart speakers enable multitasking, responding only after recognizing a wake word. Home security and automation systems, smart thermostats, refrigerators, and lighting are also key components of the market, integrating AI, data analytics, and wireless protocols for enhanced user experience. Compliance with industry standards, ener

The displayed data on smart home device ownership shows results of the Statista Global Consumer Survey conducted in South Africa in 2020. Some 16 percent of respondents answered the question ''Do you own Smart Home devices - i.e. devices that you can control via a smartphone / an internet connection?'' with ''Yes, for building safety / security (e.g. connected smoke detectors, connected cameras)''.

The revenue in the smart home market in South Africa was forecast to continuously increase between 2023 and 2028 by in total 506.2 million U.S. dollars (+74.06 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 1.2 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.Find more information concerning Italy and Worldwide. The Statista Market Insights cover a broad range of additional markets.

The revenue in the 'Security' segment of the smart home market in South Africa was forecast to continuously increase between 2023 and 2028 by in total 73.2 million U.S. dollars (+78.23 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 166.78 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Security' segment of the smart home market was continuously increasing over the past years.Find more information concerning Italy and Poland. The Statista Market Insights cover a broad range of additional markets.

The global smart home solutions market is likely to be valued at US$ 78,342.6 Million in 2022 and is predicted to secure a rapid-paced CAGR of 12.3% during the forecast period. The market is expected to grow at a value of US$ 2,50,456.9 Million by 2032.

Report Scope

Snapshot img

Smart Home Cameras Market Size 2025-2029

The smart home cameras market size is forecast to increase by USD 8.15 billion at a CAGR of 20.6% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for advanced security solutions and the proliferation of the Internet of Things (IoT) technology. Premiumization of products through innovation and portfolio extension is a key trend in the market, as manufacturers seek to differentiate themselves by offering features such as high-definition video, night vision, and two-way audio. This trend is expected to continue, as consumers become more willing to pay a premium for enhanced security and convenience. However, the market is not without challenges. The distribution channel expansion strategy is crucial for market players, as they look to reach a wider customer base. These advancements include voice control, energy efficiency, and connectivity features that enhance convenience and functionality for consumers. However, the high cost of smart home appliances remains a challenge for some consumers, limiting market penetration.
At the same time, the presence of counterfeit and low-quality products poses a significant threat to the market's growth. These products not only undermine the reputation of legitimate players but also pose a security risk to consumers. To navigate these challenges effectively, companies must focus on building strong brand reputations, investing in research and development, and implementing quality control measures. By capitalizing on market opportunities and addressing these challenges head-on, players in the market can look forward to significant growth in the coming years.

What will be the Size of the Smart Home Cameras Market during the forecast period?

Request Free Sample

The market in the United States is experiencing growth due to the increasing demand for enhanced home security and home automation solutions. This market encompasses various offerings, including smart security devices, wireless security cameras, multi-camera systems, and outdoor security cameras. Cloud-based video recording, remote monitoring systems, and voice assistant integration are key features driving market expansion. Advanced camera features such as motion detection technology, real-time video analytics, and remote access control are increasingly popular among consumers. The integration of smart home platforms and home security monitoring systems further enhances the functionality of these devices. Outdoor security cameras, security camera bundles, and home monitoring systems are gaining traction, as homeowners seek comprehensive security solutions.
The market is also witnessing the adoption of advanced technologies like data encryption and cybersecurity measures to address growing concerns regarding privacy and security. The future of the market lies in the integration of advanced AI capabilities and the expansion of home automation solutions. As the market continues to evolve, it is expected to deliver innovative, user-friendly, and cost-effective security solutions for homeowners.

How is this Smart Home Cameras Industry segmented?

The smart home cameras industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Connectivity

  Wire-free smart home cameras
  Wired smart home cameras


Variant

  HD
  Non-HD


Application

  Outdoor
  Indoor


Geography

  North America

    US
    Canada
    Mexico


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The global market, including smart doorbells and related devices, primarily generates revenue through offline sales channels. Retail formats such as specialty stores, hypermarkets, department stores, and warehouse clubs play a significant role in this market. The internet's influence on marketing strategies has led marketers to consider offline channels as alternatives to online media. Offline marketing involves utilizing traditional media channels to create product awareness. As technology adoption continues to rise, user interface, integration, facial recognition, data encryption, motion detection, wide-angle lenses, high-definition video, object detection, activity tracking, app integration, voice control, two-way audio, data security, sales channels, ecosystems, customer service, pet monitors, home automation, live streaming, AI-powered analytics, home security, standards, edge computing, remote monitoring, smart lighting, wireless

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%*

The smart home services market size is projected to be valued at US$ 7.5 billion in 2023 and is expected to rise to US$ 31.41 billion by 2033. The sales of smart home services are expected to record a significant CAGR of 15.4% during the forecast period.

Scope of Report

The revenue in the 'Home Entertainment' segment of the smart home market in South Africa was forecast to continuously increase between 2023 and 2028 by in total 32.2 million U.S. dollars (+33.17 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 129.22 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Home Entertainment' segment of the smart home market was continuously increasing over the past years.Find more information concerning Asia and Japan. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Smart Home Security Market Size 2025-2029

The smart home security market size is forecast to increase by USD 26.74 billion, at a CAGR of 13.8% between 2024 and 2029.

The market is witnessing significant growth due to the escalating concerns over home security. With the increasing number of burglaries and break-ins, homeowners are investing in advanced security solutions to safeguard their properties. A notable trend in the market is the shift toward AI-powered security systems. These solutions offer enhanced features such as facial recognition, motion detection, and voice commands, making them more effective in deterring intruders and ensuring home safety. However, consumer privacy concerns associated with these advanced security systems pose a significant challenge to market growth. Homeowners are wary of the potential misuse of their personal data by security providers.
Addressing these concerns through transparent data handling policies and robust security measures will be crucial for market players to gain consumer trust and loyalty. Effective communication and education about the benefits and security measures of AI-powered security solutions will also be essential in mitigating privacy concerns and driving market growth.

What will be the Size of the Smart Home Security Market during the forecast period?

Request Free Sample

The market continues to evolve, with innovative technologies and applications shaping its dynamics. Mobile apps enable users to control their security systems remotely, receiving notifications for potential threats in real-time. Data privacy remains a priority, with access control solutions employing facial recognition and two-factor authentication to ensure only authorized individuals gain entry. Wireless communication, such as Wi-Fi and Bluetooth connectivity, facilitate seamless integration of various devices, including security cameras and smart hubs. Energy management and maintenance plans are also becoming essential components of home security packages, offering professional monitoring and video surveillance for added peace of mind. Security systems are expanding beyond traditional intrusion detection, incorporating object detection, window sensors, and motion sensors.

IoT integration and smart home ecosystems enable users to manage their entire home through a single interface, enhancing user experience and convenience. Professional installation services and DIY options cater to various preferences, while smart locks and smart plugs add an extra layer of security. Real-time monitoring and cloud storage provide valuable data for vulnerability assessments and AI-powered security solutions. Network security, penetration testing, and malware protection are essential components, ensuring the system remains secure against potential threats. Smart lighting and home automation offer energy savings and added convenience, while smart thermostats and home monitoring systems provide users with valuable insights into their living environment.

The continuous unfolding of market activities and evolving patterns underscore the importance of staying informed and adapting to the ever-changing smart home security landscape.

How is this Smart Home Security Industry segmented?

The smart home security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Wired
  Wireless


Device

  Smart cameras
  Smart alarm
  Smart sensors and detectors
  Smart door locks
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Spain
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The wired segment is estimated to witness significant growth during the forecast period.

The market is experiencing notable expansion, with wired security systems continuing to hold significant sway due to their dependable and robust features. Wired systems, which utilize physical cables for power, data transmission, and connectivity, offer unwavering reliability and minimal interference. This stability is particularly valued in environments where consistent performance is essential. Furthermore, wired systems provide enhanced security, as they are less susceptible to hacking compared to wireless alternatives. Mobile app control and real-time monitoring are integral components of the smart home security ecosystem, enabling users to manage their systems remotely and receive instant notifications. Data privacy and access control are also crucial concerns, with advanced encryption and user authentication methods ensuring secure information transfer and user-specific access.

Security cameras, window sensors, and motion sensors are key security devices, while wireless

Snapshot img

Smart Home Automation Market Size 2025-2029

The smart home automation market size is forecast to increase by USD 261.31 billion at a CAGR of 28.9% between 2024 and 2029.

The market is experiencing significant growth driven by the increased reliance on wireless technologies and the rise in adoption of cloud-based solutions. These trends enable seamless connectivity and remote control of various household devices, offering convenience and energy savings to consumers. However, the high initial cost associated with installation and configuration remains a challenge for market expansion. To capitalize on this market opportunity, companies should focus on developing cost-effective solutions and partnerships with key players in the wireless and cloud industries. Additionally, exploring financing options and offering flexible payment plans could help make smart home automation more accessible to a wider audience. Navigating these challenges and staying abreast of emerging technologies will be crucial for companies seeking to establish a strong presence in this dynamic market.

What will be the Size of the Smart Home Automation Market during the forecast period?

Request Free SampleThe market is experiencing growth, driven by the increasing integration of Internet of Things (IoT) devices, Wi-Fi technology, and voice-activated devices into household appliances, security systems, entertainment systems, and more. IoT analytics and machine learning technologies are enabling personalized user experiences, tailored to individual preferences and daily routines. ML algorithms analyze user data and energy usage patterns to optimize energy savings and enhance overall efficiency. Wireless technology, voice control, and cloud services are key enablers, allowing for remote monitoring and control of connected devices, including smart thermostats, home gateways, and surveillance systems. The market's expansion is fueled by the consumer demand for convenience, security, and energy efficiency, making smart home automation a dynamic and promising sector.

How is this Smart Home Automation Industry segmented?

The smart home automation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TechnologyHybridWirelessWiredComponentHardwareSoftwareServicesApplicationEntertainmentSecurity and accessLightingHVAC and energy managementOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaMiddle East and Africa

By Technology Insights

The hybrid segment is estimated to witness significant growth during the forecast period.The market encompasses a range of IoT-enabled devices and systems, including Wi-Fi, voice-activated devices, household appliances, security systems, entertainment systems, and energy savings solutions. ML technologies and algorithms facilitate user preferences and daily routines, while data protection and consumer privacy are prioritized. Smart speakers, thermostats, lighting systems, and home security systems are among the popular applications. Consumer spending on non-essential items, such as component shortages, motion detection, temperature detection, and humidity detection devices, is on the rise. The wireless technology segment dominates the market, with wireless connectivity technologies enabling remote control via smartphone apps and voice command. The retrofit sector is a significant growth area, with safety and security solutions, such as smart locks, video doorbells, and home surveillance cameras, gaining popularity. Energy costs and climate change have fueled demand for energy-efficient devices, including smart air purifiers, water filtration systems, sleep trackers, and health and wellness gadgets. Entertainment control, TV control, multi-room audio, virtual assistants, window shades, kitchen appliances, and coffee makers are other key areas of investment.

Get a glance at the market report of share of various segments Request Free Sample

The Hybrid segment was valued at USD 17.19 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 34% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The market in North America is experiencing significant growth due to the rising preference for home automation among consumers. With increasing disposable income and a desire for a luxurious lifestyle, homeowners are increasingly adopting smart home systems. IoT analytics, Wi-Fi, voice-activated devices, and househol

The revenue in the 'Control & Connectivity' segment of the smart home market in South Africa was forecast to continuously increase between 2023 and 2028 by in total 63.8 million U.S. dollars (+109.3 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 122.2 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Control & Connectivity' segment of the smart home market was continuously increasing over the past years.Find more information concerning the Philippines and Japan. The Statista Market Insights cover a broad range of additional markets.

The smart home gateway market is experiencing robust growth, driven by increasing adoption of smart home devices and the rising demand for seamless connectivity and centralized control. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This growth is fueled by several key factors, including the proliferation of IoT devices, advancements in network technologies (like Wi-Fi 6 and 5G), and the increasing affordability of smart home solutions. The integration of smart home gateways with voice assistants and mobile applications further enhances user experience and drives market expansion. Different control mechanisms – PC, tablet, and mobile – cater to diverse user preferences, while applications across telecom, industrial, radio, and television sectors contribute to market diversification. Key players like Broadcom, HiSilicon, STMicroelectronics, and Zhaoxin are actively shaping market dynamics through innovative product development and strategic partnerships. While challenges like data security concerns and interoperability issues persist, the overall market trajectory remains positive, indicating significant growth potential in the coming years. The segment breakdown reveals a strong preference for mobile control due to its convenience and widespread smartphone penetration. The telecom and industrial sectors represent major application areas, given their need for reliable and secure remote monitoring and control systems. Geographic analysis reveals that North America and Asia-Pacific are leading the market, owing to high technological adoption rates and a strong consumer base. However, significant growth opportunities exist in developing economies in regions like South America and Africa, as smart home technology adoption gradually increases. Continued technological advancements, coupled with supportive government policies and increasing consumer awareness, are expected to further propel the smart home gateway market’s expansion throughout the forecast period.