Futuresource Consulting

WEEK IN IoT: It’s been easy to see corporate winners and losers from the global spread of the novel corona virus. Early casualties included airlines and hotel chains, with cancelled flights and bookings, and share prices tumbling on stock markets.

Almost 110 million smart home devices will be shipped worldwide in 2018, according to a new industry report from Futuresource Consulting. This equates to a retail value of almost $17 billion (€14.8 billion) and demonstrates strong growth in both volume and value.

According to the latest home appliance report from Futuresource Consulting, smart appliance shipments, specifically Wi-Fi connected laundry and refrigeration appliances, are anticipated to double yet again in volume terms by the end of 2018.

Smart home devices are shaking off their novelty image and moving mainstream to become one of the fastest growing consumer electronics categories of 2017. That’s according to a new smart home report from Futuresource Consulting, which reveals that the devices will achieve a retail value of $6 billion (€5.11 billion) worldwide this year,

Smart appliances have been available for many years without making much impact on the US$74 billion worldwide Laundry and Refrigeration market, but research from Futuresource Consulting indicates that this may be about to change.