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Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the indicator achieve the maximum value across all six different segments by the end of the comparison period. Notably, the segment Smart Appliances stands out with the highest value of 21.1 billion U.S. dollars.

Find other insights concerning similar markets and segments, such as a comparison of number of users worldwide and a comparison of revenue in the Netherlands.

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Smart Home revenue forecast per segment in Europe from 2020 to 2028 (in million U.S. dollars)

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