Control & Connectivity - Burundi | Statista Market Forecast

Revenue in the Control & Connectivity market is projected to reach US$1.1m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.73%, resulting in a projected market volume of US$1.9m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 77.6k users by 2029.
Household penetration will be 1.6% in 2024 and is expected to hit 2.7% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$26.46.

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 Burundi is experiencing significant growth due to increasing customer preferences for advanced technology and connectivity solutions.

Customer preferences: Customers in Burundi are increasingly demanding control and connectivity solutions that offer convenience, efficiency, and enhanced productivity. The rising adoption of smart devices and the Internet of Things (IoT) has fueled the demand for control and connectivity solutions that enable seamless integration and communication between devices. Additionally, there is a growing need for remote monitoring and control capabilities, especially in sectors such as agriculture and manufacturing. Customers are seeking solutions that can provide real-time data and enable them to remotely manage and control their operations.

Trends in the market: One of the key trends in the Control & Connectivity market in Burundi is the increasing adoption of cloud-based solutions. Cloud-based control and connectivity solutions offer scalability, flexibility, and cost-effectiveness, making them highly attractive to businesses of all sizes. These solutions enable customers to access and control their devices and systems remotely, without the need for on-premises infrastructure. The adoption of cloud-based solutions is expected to continue growing as businesses in Burundi strive to enhance operational efficiency and reduce costs. Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) technologies into control and connectivity solutions. AI and ML algorithms can analyze large amounts of data in real time, enabling predictive maintenance, anomaly detection, and optimization of control systems. This trend is particularly relevant in sectors such as energy, manufacturing, and transportation, where the efficient operation of control systems is critical. The integration of AI and ML technologies is expected to drive the development of more intelligent and autonomous control and connectivity solutions in Burundi.

Local special circumstances: Burundi, being a landlocked country, faces certain challenges in terms of connectivity infrastructure. However, the government has been making efforts to improve the country's connectivity by investing in the development of fiber optic networks and expanding internet access. These initiatives are expected to create opportunities for the Control & Connectivity market in Burundi, as businesses and individuals gain access to reliable and high-speed internet connections.

Underlying macroeconomic factors: Burundi's economy has been growing steadily in recent years, driven by sectors such as agriculture, manufacturing, and services. This economic growth has resulted in increased investment in infrastructure and technology, creating a favorable environment for the Control & Connectivity market. Additionally, the government's focus on digital transformation and the promotion of a knowledge-based economy further support the development of the market. The growing middle class and rising disposable incomes also contribute to the increasing demand for control and connectivity solutions in Burundi. In conclusion, the Control & Connectivity market in Burundi is witnessing growth due to customer preferences for advanced technology and connectivity solutions. The adoption of cloud-based solutions and the integration of AI and ML technologies are key trends in the market. Despite challenges in connectivity infrastructure, the government's efforts to improve internet access and the country's overall economic growth create opportunities for 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.