Smart Home - Sudan

  • Sudan
  • Revenue in the Smart Home market is projected to reach US$31.3m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.87%, resulting in a projected market volume of US$57.3m by 2029.
  • Household penetration will be 36.9% in 2024 and is expected to hit 38.4% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to US$8.30.
  • A global comparison reveals that most revenue is generated United States (US$38,800.0m in 2024).
 
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Analyst Opinion

The Smart Home market in Sudan is experiencing a gradual but steady growth, driven by increasing consumer awareness and adoption of smart technologies in the country.

Customer preferences:
Sudanese consumers are showing a growing interest in smart home devices and systems that offer convenience, energy efficiency, and enhanced security. They are increasingly looking for solutions that can simplify their daily routines and improve their overall quality of life. As in many other regions, the convenience of controlling home appliances remotely through smartphones or voice assistants is a key driver for the adoption of smart home technology in Sudan.

Trends in the market:
One of the notable trends in the Sudanese Smart Home market is the increasing availability and affordability of smart devices and systems. As technology becomes more accessible and prices continue to drop, more Sudanese households are able to invest in smart home solutions. Additionally, the rise of smart home integration platforms and ecosystems is making it easier for consumers to connect and control multiple devices seamlessly, further driving the market growth in the country.

Local special circumstances:
Sudan's unique socio-economic and infrastructural challenges have influenced the development of the Smart Home market in the country. The political instability and economic constraints in Sudan have led to a slower pace of market growth compared to more developed regions. However, the increasing urbanization and expanding middle-class population in Sudan are creating opportunities for smart home companies to target a growing consumer base seeking modern and convenient living solutions.

Underlying macroeconomic factors:
The Smart Home market in Sudan is also influenced by macroeconomic factors such as income levels, technological infrastructure, and government policies. The purchasing power of Sudanese consumers, as well as their access to reliable internet connectivity, play a significant role in shaping the adoption of smart home technologies in the country. Government initiatives and regulations related to technology and innovation can also impact the growth and development of the Smart Home market in Sudan.

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.

Overview

  • Revenue
  • Key Players
  • Product Types
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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