The revenue in the 'Control & Connectivity' segment of the smart home market in the Philippines was forecast to continuously increase between 2023 and 2028 by in total 49 million U.S. dollars (+125.48 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 88.07 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.
Data provided by Statista Market Insights are estimates.
The Smart Home market Control & Connectivity includes the essential equipment (connected and remote-control devices) and services that are part of an intelligent home network. The segment includes smart speakers (Amazon Echo, Google Home, etc.), central control and communication units (hub/gateway), programmable control buttons (e.g. wall switches and adjustable dials) and smart plugs for the control of non-smart devices. Revenues are also generated from services that support these hardware elements such as control apps and connectivity services.
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Statista. (September 25, 2023). Revenue of the smart home segment control & connectivity in the Philippines from 2019 to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/forecasts/644442/revenue-in-the-smart-home-segment-control-and-connectivity-in-the-philippines
Statista. "Revenue of the smart home segment control & connectivity in the Philippines from 2019 to 2028 (in million U.S. dollars)." Chart. September 25, 2023. Statista. Accessed December 26, 2024. https://www.statista.com/forecasts/644442/revenue-in-the-smart-home-segment-control-and-connectivity-in-the-philippines
Statista. (2023). Revenue of the smart home segment control & connectivity in the Philippines from 2019 to 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/forecasts/644442/revenue-in-the-smart-home-segment-control-and-connectivity-in-the-philippines
Statista. "Revenue of The Smart Home Segment Control & Connectivity in The Philippines from 2019 to 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 25 Sep 2023, https://www.statista.com/forecasts/644442/revenue-in-the-smart-home-segment-control-and-connectivity-in-the-philippines
Statista, Revenue of the smart home segment control & connectivity in the Philippines from 2019 to 2028 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/644442/revenue-in-the-smart-home-segment-control-and-connectivity-in-the-philippines (last visited December 26, 2024)
Revenue of the smart home segment control & connectivity in the Philippines from 2019 to 2028 (in million U.S. dollars) [Graph], Statista, September 25, 2023. [Online]. Available: https://www.statista.com/forecasts/644442/revenue-in-the-smart-home-segment-control-and-connectivity-in-the-philippines
