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

  • AI Is Now the Leading Cybersecurity Concern for Security, IT Leaders

    Arctic Wolf recently published findings from its State of Cybersecurity: 2025 Trends Report, offering insights from a global survey of more than 1,200 senior IT and cybersecurity decision-makers across 15 countries. Conducted by Sapio Research, the report captures the realities, risks, and readiness strategies shaping the modern security landscape. Read Now

  • Analysis of AI Tools Shows 85 Percent Have Been Breached

    AI tools are becoming essential to modern work, but their fast, unmonitored adoption is creating a new kind of security risk. Recent surveys reveal a clear trend – employees are rapidly adopting consumer-facing AI tools without employer approval, IT oversight, or any clear security policies. According to Cybernews Business Digital Index, nearly 90% of analyzed AI tools have been exposed to data breaches, putting businesses at severe risk. Read Now

  • Software Vulnerabilities Surged 61 Percent in 2024, According to New Report

    Action1, a provider of autonomous endpoint management (AEM) solutions, today released its 2025 Software Vulnerability Ratings Report, revealing a 61% year-over-year surge in discovered software vulnerabilities and a 96% spike in exploited vulnerabilities throughout 2024, amid an increasingly aggressive threat landscape. Read Now

  • Motorola Solutions Named Official Safety Technology Supplier of the Ryder Cup through 2027

    Motorola Solutions has today been named the Official Safety Technology Supplier of the 2025 and 2027 Ryder Cup, professional golf’s renowned biennial team competition between the United States and Europe. Read Now

  • Evolving Cybersecurity Strategies

    Organizations are increasingly turning their attention to human-focused security approaches, as two out of three (68%) cybersecurity incidents involve people. Threat actors are shifting from targeting networks and systems to hacking humans via social engineering methods, living off human errors as their most prevalent attack vector. Whether manipulated or not, human cyber behavior is leveraged to gain backdoor access into systems. This mainly results from a lack of employee training and awareness about evolving attack techniques employed by malign actors. Read Now

Most   Popular

New Products

  • 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.

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.