Market Overview

Global Annual Revenue from Residential IoT Device Sales Expected to Increase to $167.2 Billion in 2027

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IoT gains momentum and presents a world of opportunity for
stakeholders that can capitalize on connectivity in the home

A new report from Navigant
Research
examines the global market for residential Internet of
Things (IoT) solutions, including connected devices, software, and
services, providing global market forecasts, segmented by device type
and region, through 2027.

As residential IoT technologies continue to emerge, they are becoming
fundamental to supporting connectivity, communications, and
interoperability in the home, through concepts like the smart home, as
well as a variety of other business models and use cases that have been
brought to life. The market represents a large opportunity for
stakeholders that can capitalize on connectivity and technology with
access to more data than ever before. Click
to tweet
: According to a new report from @NavigantRSRCH,
global annual revenue from residential IoT device sales is expected to
increase to $167.2 billion in 2027.

"IoT is a term that has gained mindshare because of the possibilities it
presents around connectivity," says Paige Leuschner, research analyst
with Navigant. "There are more connected devices and data than ever
before, and the industry is only beginning to scratch the surface of
opportunity IoT has to offer. IoT is already present in the home, and it
continues to gain momentum as technologies emerge that empower consumers
to better monitor and control their lives."

According to the report, residential IoT growth is largely expected to
come from the Asia Pacific region, where sales are forecast to increase
from $19.1 billion in 2018 to $65.5 billion in 2027. Meanwhile, North
America is expected to contribute $42.3 billion in revenue by 2027 and
Europe is expected to reach $51.7 billion.

This report, Residential
IoT Market Overview
, examines the global market for
residential IoT solutions, including connected devices, software, and
services. The study analyzes the market drivers, barriers, trends, and
use cases associated with residential IoT. Global market forecasts,
segmented by device type and region, extend through 2027. The report
also explores the key technologies and device types related to
residential IoT, as well as the competitive landscape. An Executive
Summary of the report is available for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team's research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant's
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant's
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
Residential IoT Market Overview, is a summary and
reflects Navigant Research's current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report's
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

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