Report: U.S. Will Have More Than 50 Million Smart Home Users in 2021

Report: U.S. Will Have More Than 50 Million Smart Home Users in 2021

  • Jul 06, 2021

Smart Home technology has become more accessible in recent years and usage rates in the US are on the rise. According to data presented by Trading Platforms, the number of Smart Home users in the US will pass 50M in 2021 and generate the most revenue globally – $28.9B in 2021.

In 2021 the number of Smart Home users in the US is expected to cross an important milestone. In the prior year of 2020, Smart Home users in the US amounted to 47.4 million. It is projected to add 5 million more users and cross the 50 million user mark sometime in 2021 when it is projected to reach 52.2 million users. From 2021-2025 Smart Home users in the US are expected to grow at a Compound Annual Growth Rate (CAGR) of 10.21% reaching 77M by 2025.

US Smart Home penetration rate was highest in the world in 2021 at 40.1%. In comparison, the UK has the second-highest Smart Home penetration rate in the world with a penetration rate of 37.4%. The Smart Home penetration rate in the US is expected to breach the 50% mark sometime in 2024.

Revenue from the US Smart Home industry is expected to grow 23.7% in 2021 and reach $28.9B – the highest in the world. In the four-year period from 2021-2025 US Smart Home revenue is expected to grow at a CAGR of 12.82% reaching $46.8B by 2025. The Smart Appliance segment within the industry generated the largest share of total revenue which amounted to $8B in 2021.

Find out more from TradingPlatforms.com.

Featured

  • Accelerating a Pathway

    There is a new trend touting the transformational qualities of AI’s ability to deliver actionable data and predictive analysis that in many instances, seems to be a bit of an overpromise. The reality is that very few solutions in the cyber-physical security (CPS) space live up to this high expectation with the one exception being the new generation of Physical Identity and Access Management (PIAM) software – herein recategorized as PIAM+. Read Now

  • Protecting Your Zones

    It is game day. You can feel the crowd’s energy. In the parking lot. At the gate. In the stadium. On the concourse. Fans are eager to party. Food and merchandise vendors ready themselves for the rush. Read Now

  • Street Smarts

    The ongoing acceptance of AI and advanced data analytics has allowed surveillance camera technology to shift from being a tactical tool to a strategic business solution. Combining traditional surveillance technology with AI-based data-driven insights can streamline transportation systems, enhance traffic management, improve situational awareness, optimize resource allocation and streamline emergency response procedures. Read Now

  • The Progress of Biometrics

  • Next-Gen AI for Smart Cities

    The future of smart city technology is not being shaped in Silicon Valley — it is taking root in Dubuque, Iowa. With a population of about 60,000, this mid-sized city has become a live testbed for AI-driven traffic management thanks to a unique public-private collaboration led by Milestone Systems. Project Hafnia demonstrates how cities can transform urban mobility and safety through Responsible Technology—without costly infrastructure overhauls. Read Now

Most   Popular

New Products

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.