According to a research report from the IoT analyst firm Berg Insight, the number smart homes in Europe and North America reached 45 million in 2017. The most advanced smart home market is North America, having an installed base of 22.3 million smart homes at the end of the year. This represents a penetration of 15.9 per cent. Between 2016 and 2017, the market grew by 40.7 per cent year-on-year.
63m smart homes in Europe & N. America by 2022