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The revenue of the smart home market in Singapore has increased steadily since 2019. Smart appliances accounted for the highest share of the market, reaching a revenue of 96.7 million U.S. dollars in 2023. The Statista Digital Market Outlook estimates that this segment will continue to grow and reach 173.5 million U.S. dollars in annual revenue by 2028.

Smart home revenue in Singapore from 2019 to 2028, by segment (in million U.S. dollars)

Characteristic	Smart Appliances	Security	Control & Connectivity	Energy Management	Comfort & Lighting	Home Entertainment
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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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