The smart home market in EMEA region declined 7.2% in the second quarter of 2020, compared to the same period of the previous year, according to research by International Data Corporation (IDC). The market accounted for 20.287 million units between April and June.
The Central and Eastern Europe (CEE) market declined 19.5% in Q2 2020 compared to the previous year. The decline was also due primarily to the sales results for smart TVs, but also explained by the recent shortage of displays on the global market and associated problems in the supply chain.
According to ICD, in 2024, the smart home market is expected to reach more than 200 million units, and grow at a compound annual growth rate (CAGR) of 16.19% in 2020–2024