The Growing Number of Smart Homes: 360 Million and Counting

Smart homes, powered by internet-connected devices for automation and control, are on the rise globally. As of 2023, there are an estimated 360 million smart homes worldwide, with growth expected to continue in the coming years.

Current Smart Home Statistics

  • 360 million global smart homes currently
  • 422 million projected global smart homes by 2025
  • 78 million smart homes in China, the largest market
  • 60 million smart homes in the U.S. actively using devices
  • 54% of U.S. homes will have automation by end of 2023
  • Average U.S. home has over 20 connected devices
  • 77% of smart home owners are under 55 years old
  • U.S. owners spend $1,172 on average for smart home tech
  • Europe projected to hit $35 billion smart home revenue by 2023
  • Asia Pacific to be largest smart home market this year

Benefits Driving Smart Home Adoption

What‘s behind the growth? Smart homes offer convenience, efficiency, safety and peace of mind. Features like controlling lighting, climate, appliances and security from your phone provide comfort and savings. Key benefits include:

  • Convenience: Remotely control devices and automate tasks
  • Energy Savings: Smart thermostats optimize heating and cooling
  • Security: Monitor home and receive alerts about disturbances
  • Control: Manage home environment and appliances from anywhere

Getting Started with Smart Home Technology

You don‘t need to automate your entire home to benefit from smart devices. Many affordable entry-level options allow you to test the technology without huge up-front costs. Popular starters include smart speakers, light bulbs and power plugs. As you get comfortable, you can add devices like security cameras, door locks and thermostats.

Smart home adoption will continue rising globally as the technology becomes more ubiquitous. With over 360 million and counting, smart homes are going mainstream and changing how we live. The growth shows no signs of slowing down any time soon.