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Smart Home - CIS

CIS
  • Revenue in the Smart Home market is projected to reach US$2.7bn in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 8.77%, resulting in a projected market volume of US$3.8bn by 2029.
  • Household penetration will be 67.1% in 2025 and is expected to hit 82.2% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to US$44.15.
  • A global comparison reveals that most revenue is generated United States (US$43.0bn in 2025).

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Source: Statista Market Insights

Most recent update:

Source: Statista Market Insights

Key Players

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Source: Statista Market Insights

Product Types

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Source: Statista Market Insights

Global Comparison

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Source: Statista Market Insights

Analyst Opinion

The Smart Home market in CIS is experiencing a steady growth trajectory driven by increasing customer preferences for convenience, energy efficiency, and security in their homes.

Customer preferences:
Customers in CIS countries are increasingly drawn to smart home technologies that offer convenience and efficiency in managing household tasks. The demand for voice-controlled devices, automated lighting and temperature control systems, and smart security cameras is on the rise as consumers seek to simplify their daily routines and enhance the security of their homes.

Trends in the market:
One notable trend in the Smart Home market in CIS is the growing popularity of integrated smart home ecosystems that offer seamless connectivity between different devices. Consumers are looking for comprehensive solutions that allow them to control multiple aspects of their homes through a single interface, driving the demand for smart home hubs and centralized control systems.

Local special circumstances:
In the CIS region, the adoption of smart home technologies is also influenced by local infrastructure and housing trends. As urbanization rates increase and new residential developments incorporate smart building technologies, the demand for smart home solutions is expected to grow. Additionally, the harsh winter climates in some CIS countries drive the need for energy-efficient heating and lighting systems, making smart home solutions that offer energy savings particularly attractive to consumers.

Underlying macroeconomic factors:
The economic landscape in CIS countries plays a significant role in shaping the Smart Home market. As disposable incomes rise and the middle class expands, more consumers have the financial means to invest in smart home technologies. Additionally, government initiatives promoting energy efficiency and sustainable living are creating a favorable environment for the adoption of smart home solutions that help reduce energy consumption and carbon footprints.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

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Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update:

Source: Statista Market Insights

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Smart home - statistics & facts

Smart homes use connected devices and appliances to perform actions, tasks, and automated routines to save money, time, and energy. They are the ongoing revolution of the humble home appliance mixed with AI, robotics, and improvement in IoT technologies. AI in particular, speeding up response times and working as an automation bridge between homeowner and home is already having an impact.
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