Stat Shot – CE Industry by the Numbers
Smart Displays a $6.1B Market
According to the new market research report published by MarketsandMarkets, the global Smart Display Market size was valued at $1.1 billion in 2020 and is projected to reach $6.1 billion by 2025 for an astounding CAGR of 41.0% during the forecast period.
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Smart Devices Rising
Parks Associates reports that 30% of U.S. broadband households own at least one a smart home device and 52% intend to purchase a smart home device in the next 12 months.
Retail IoT Market $94B in 2025
The global Internet of Things in retail market size is expected to reach $94.44B by 2025, according to a new report by Grand View Research, Inc., exhibiting a 21.5% CAGR during the forecast period. The evolution of this market has led to increased spending on connected technologies to monitor products, customer behavior, premises, and supply chain. Implementation and adoption of connected technologies solutions allow retailers to analyze and monitor existing processes to enhance them with incremental investments. (Image Courtesy of AbsolutData)
Over 1B 5G Connections
According to the new market research report published by MarketsandMarkets, the global Smart Display Market size was valued at $1.1 billion in 2020 and is projected to reach $6.1 billion by 2025 for an astounding CAGR of 41.0% during the forecast period.
$26M Appliance Market in 2025
According to research from Statista.com, total revenue in the Household Appliances segment was projected to reach $19.4M for 2020. Statista adds that revenue is expected to show an annual growth rate (CAGR 2020-2025) of 6.2%, resulting in a projected market volume of $26.1M by 2025.