Revenue in the smart home market in Costa Rica 2028

The revenue in the smart home market in Costa Rica was forecast to continuously increase between 2023 and 2028 by in total 31.2 million U.S. dollars (+77.96 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 71.17 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.

The Statista Market Insights cover a broad range of additional markets.

Revenue in the smart home market in Costa Rica from 2018 to 2028 (in million U.S. dollars)

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Release date

September 2023

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Region

Costa Rica

Survey time period

2018 to 2028

Supplementary notes

Data provided by Statista Market Insights are estimates.

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.

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