Report: Coronavirus impacts smart home market

Amid the continued fallout of the coronavirus crisis, the global smart home market is expected to fall nearly $20 billion (€17.9bn) short of revenue expectations in 2020, according to Omdia.

The global smart home market will total $101.1 billion in 2020, down from Omdia’s previous forecast of $120.6 billion. Smart home device shipments are now projected to reach 603.5 million units in 2020, down from the earlier forecast of 693.8 million.

Source: Report: Coronavirus impacts smart home market