Control & Connectivity - Zimbabwe

Revenue in the Control & Connectivity market is projected to reach US$4.7m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.40%, resulting in a projected market volume of US$7.1m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 157.1k users by 2029.
Household penetration will be 2.3% in 2024 and is expected to hit 4.0% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$57.56.

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 Zimbabwe has been experiencing significant growth in recent years. Customer preferences have shifted towards more advanced and efficient control and connectivity solutions, driving the demand for these products and services.

Customer preferences: Customers in Zimbabwe are increasingly seeking control and connectivity solutions that offer convenience, efficiency, and cost-effectiveness. With the rapid advancement of technology, there is a growing demand for smart home systems, automation solutions, and integrated control platforms. These solutions allow customers to remotely control and monitor various aspects of their homes or businesses, such as security systems, lighting, temperature, and appliances. Additionally, customers are also looking for connectivity solutions that enable seamless communication and data transfer between devices, both within their homes and in the workplace.

Trends in the market: One of the key trends in the Control & Connectivity market in Zimbabwe is the adoption of Internet of Things (IoT) technology. IoT allows for the interconnection of devices and systems, enabling them to communicate and share data. This technology is being widely used in various sectors, including home automation, agriculture, healthcare, and manufacturing. The increasing adoption of IoT devices and systems is driving the demand for control and connectivity solutions that can integrate and manage these devices effectively. Another trend in the market is the growing popularity of wireless connectivity solutions. With the increasing use of smartphones and other wireless devices, customers are looking for control and connectivity solutions that offer wireless connectivity options. This allows for greater flexibility and convenience, as customers can control and monitor their devices from anywhere, without the need for physical connections.

Local special circumstances: Zimbabwe is a developing country with a growing middle class population. As the economy continues to improve, more people are able to afford control and connectivity solutions for their homes and businesses. Additionally, the country has a high mobile penetration rate, with a large number of people using smartphones. This creates a favorable environment for the adoption of control and connectivity solutions that can be accessed and controlled through mobile devices.

Underlying macroeconomic factors: The growth of the Control & Connectivity market in Zimbabwe is also influenced by several macroeconomic factors. The government's efforts to improve infrastructure, particularly in the telecommunications sector, have led to increased connectivity and internet access across the country. This has created opportunities for the adoption of control and connectivity solutions that rely on internet connectivity. Furthermore, the increasing urbanization in Zimbabwe has resulted in a higher demand for control and connectivity solutions. As more people move to urban areas, there is a need for smart home systems, security solutions, and other control and connectivity products that can enhance the quality of life in urban environments. In conclusion, the Control & Connectivity market in Zimbabwe is experiencing growth due to customer preferences for advanced and efficient solutions, such as smart home systems and wireless connectivity. The adoption of IoT technology and the government's efforts to improve infrastructure are also driving the market. With the country's improving economy and increasing urbanization, the demand for control and connectivity solutions is expected to continue to rise.

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.