UK: smart home market revenue growth 2019-2028

The revenue change in the smart home market in the United Kingdom was forecast to continuously decrease between 2024 and 2028 by in total 5.1 percentage points. According to this forecast, in 2028, the indicator will have decreased for the fifth consecutive year to 9.99 percent.

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Revenue growth of the smart home market in the UK 2019-2028

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Release date

September 2023

More information

Region

United Kingdom

Survey time period

2019 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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