Control & Connectivity - Jordan | Statista Market Forecast

Revenue in the Control & Connectivity market is projected to reach US$5.2m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.22%, resulting in a projected market volume of US$6.7m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 156.0k users by 2029.
Household penetration will be 4.1% in 2024 and is expected to hit 7.2% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$60.30.

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 Jordan is experiencing significant growth and development due to various factors.

Customer preferences: In Jordan, customers have shown a strong preference for advanced control and connectivity solutions. With the increasing adoption of smart devices and IoT technologies, there is a growing demand for seamless connectivity and efficient control systems. Customers are looking for solutions that can enhance their productivity, improve operational efficiency, and provide real-time monitoring and control capabilities. Additionally, customers are also seeking solutions that are cost-effective and easy to implement.

Trends in the market: One of the key trends in the Control & Connectivity market in Jordan is the increasing adoption of cloud-based solutions. Cloud-based control and connectivity platforms offer several benefits such as scalability, flexibility, and remote access. This trend is driven by the need for real-time data monitoring and control, as well as the desire to reduce infrastructure costs. Companies in Jordan are increasingly leveraging cloud-based solutions to improve their operational efficiency and enhance their competitiveness. Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML algorithms can analyze large amounts of data and provide valuable insights for decision-making and process optimization. This trend is particularly relevant in industries such as manufacturing, energy, and transportation, where real-time data analysis and predictive maintenance are crucial. Companies in Jordan are adopting AI and ML technologies to automate processes, improve efficiency, and reduce downtime.

Local special circumstances: Jordan has a growing startup ecosystem and a supportive government that encourages innovation and entrepreneurship. This has led to the emergence of several local companies specializing in control and connectivity solutions. These companies are developing innovative products and services tailored to the specific needs of the Jordanian market. The local expertise and knowledge contribute to the growth and development of the Control & Connectivity market in Jordan.

Underlying macroeconomic factors: Jordan is experiencing steady economic growth, which is fueling the demand for advanced control and connectivity solutions. The government's focus on digital transformation and the promotion of ICT infrastructure development has created a conducive environment for the growth of the Control & Connectivity market. Additionally, the increasing investments in sectors such as manufacturing, construction, and transportation are driving the demand for control and connectivity solutions. In conclusion, the Control & Connectivity market in Jordan is witnessing significant growth and development due to customer preferences for advanced solutions, the adoption of cloud-based and AI technologies, the presence of a supportive startup ecosystem, and the country's favorable macroeconomic factors. These factors contribute to the increasing demand for control and connectivity solutions in the Jordanian 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.