Market for smart devices to cross 500 mn units for the first time in 2018
Overall, the market for smart devices will remain hot for years to come, growing at a compound annual growth rate (CAGR) of 12 per cent from 2018-2022
 "Market for smart devices to cross 500 mn units for the first time in 2018")
premium
The market for smart devices, including smart speakers, digital media adapters, lighting, thermostats and many others, is expected to cross half a billion units for the first time in 2018. Analyst firm IDC expects demand for such devices to grow 26.8 per cent over the previous year to 549.5 million units (to be shipped) in 2018. Smart speakers such as the Amazon Echo and Google Home, and video entertainment devices such as the Amazon Fire Stick and Google Chromecast will make up 71 per cent of this market, according to the report. Overall, the market for smart devices will remain hot for years to come, growing at a compound annual growth rate (CAGR) of 12 per cent from 2018-2022.
High growth categories
While majority of the smart devices sold in 2018 will either be smart speakers or some sort of smart video entertainment devices, other categories are expected to grow faster at CAGR of 25.3 per cent versus CAGR 12 per cent for the overall market.
High growth categories
While majority of the smart devices sold in 2018 will either be smart speakers or some sort of smart video entertainment devices, other categories are expected to grow faster at CAGR of 25.3 per cent versus CAGR 12 per cent for the overall market.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%