Smart Home - Bolivia
Bolivia- The revenue in the Smart Home market of Bolivia is projected to reach US$42.7m in 2024.
- It is expected to show an annual growth rate (CAGR 2024-2028) of 11.78%, resulting in a projected market volume of US$66.7m by 2028.
- The number of active households in the Smart Home market of Bolivia is expected to amount to [users_currentlayer_yearend] by 2028.
- The household penetration rate will be 6.4% in 2024 and is expected to reach 10.4% by 2028.
- Currently, the average revenue per installed Smart Home market in Bolivia is expected to amount to US$207.70.
- When compared to other countries globally, it is worth noting that United States generates the most revenue in the Smart Home market, with a projected revenue of US$38.8bn in 2024.
- Bolivia is witnessing a surge in demand for smart home devices as homeowners prioritize energy efficiency and convenience.
The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.
The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.
Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.
In-Scope
- Digitally connected and controlled devices within a house that can be remote controlled
- Sensors, actuators and cloud services that support automation in any way
- Control hubs to connect sensors and actuators with remote controls and to each other
- B2C hardware and software sales as well as subscription fees
Out-Of-Scope
- Smart TVs
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
