Control & Connectivity - Algeria | Statista Market Forecast

Revenue in the Control & Connectivity market is projected to reach US$32.8m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.19%, resulting in a projected market volume of US$42.2m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 518.8k users by 2029.
Household penetration will be 4.1% in 2024 and is expected to hit 6.6% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$108.80.

Definition:

The Control & Connectivity market 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.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Amazon and Google, renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

Gateways/hubs that are capable of controlling devices of all segments (e.g., Smart Home Zigbee 3.0 Gateway Smik)
Smart speakers with a primary focus on control and digital assistants (e.g., Sonoro STREAM, Bose Smart Speaker 500)
Control buttons and smart plugs/sockets (e.g., TP-Link KE100 KIT, Aoycocr Wi-Fi Smart Socket)

Connected home appliances (see Smart Appliances)
Multiroom speaker systems with a primary focus on entertainment (see Home Entertainment)
Smartphones and tablets
B2B/C2C sales of any kind (e.g., to hotels or office buildings)

The Control & Connectivity market in Algeria is experiencing steady growth due to increasing customer preferences for advanced technology and connectivity solutions. Algerian consumers are increasingly demanding products and services that provide seamless control and connectivity across various devices and platforms.

Customer preferences: Algerian consumers are becoming more tech-savvy and are seeking control and connectivity solutions that enhance their daily lives. They are looking for products and services that offer convenience, efficiency, and a seamless user experience. This includes smart home automation systems, connected devices, and integrated control solutions. The demand for these products is driven by the desire for improved security, energy efficiency, and convenience in managing household tasks.

Trends in the market: One of the key trends in the Control & Connectivity market in Algeria is the adoption of smart home automation systems. These systems allow users to control various aspects of their homes, such as lighting, heating, security, and entertainment, through a single interface. The increasing availability of affordable smart home devices and the growing awareness of their benefits are driving the demand for these systems. Another trend in the market is the integration of control and connectivity solutions in various industries. Businesses in sectors such as healthcare, manufacturing, and transportation are incorporating advanced control and connectivity technologies to improve efficiency, productivity, and safety. For example, hospitals are implementing connected medical devices and systems to streamline patient care and enhance communication between healthcare professionals.

Local special circumstances: Algeria has a young and tech-savvy population, which is a significant factor contributing to the growth of the Control & Connectivity market. The country has a high mobile penetration rate, and consumers are increasingly using smartphones and other connected devices for various purposes. This creates a conducive environment for the adoption of control and connectivity solutions. Furthermore, the Algerian government is actively promoting digital transformation and the development of the information and communication technology (ICT) sector. This includes initiatives to improve internet connectivity, expand broadband infrastructure, and support local technology startups. These efforts are creating opportunities for companies in the Control & Connectivity market to expand their presence in Algeria.

Underlying macroeconomic factors: The growth of the Control & Connectivity market in Algeria is also influenced by underlying macroeconomic factors. The country's GDP has been steadily increasing, driven by sectors such as oil and gas, construction, and telecommunications. This economic growth has led to higher disposable incomes and increased consumer spending power, which in turn fuels the demand for control and connectivity solutions. Additionally, the Algerian government is investing in infrastructure development, including the expansion of telecommunications networks and the deployment of high-speed internet services. These infrastructure investments support the growth of the Control & Connectivity market by improving connectivity and enabling the seamless integration of control solutions. In conclusion, the Control & Connectivity market in Algeria is experiencing growth due to increasing customer preferences for advanced technology and connectivity solutions. The adoption of smart home automation systems, integration of control solutions in various industries, a young and tech-savvy population, government support for digital transformation, and underlying macroeconomic factors such as economic growth and infrastructure investments are driving the development of the market.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

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.