Worldwide Shipments of Smart Home Devices Continue to Decline in 2023 Due to Lack of Upgrades

Global shipments of smart home devices continued to decline in the first quarter of 2023 as shipments fell 5.6% year over year to 186.0 million units, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. The lack of new models and noteworthy updates to existing smart speakers, lack of progress in voice assistants, and the transition to the Matter smart home interoperability standard are to blame.

According to International Data Corporation (IDC, the worldwide Unified Communications & Collaboration (UC&C) market grew 29.2% year over year and 7.1% quarter over quarter to $13.1 billion in the fourth quarter of 2020 (4Q20). Revenue growth was also up an impressive 24.9% for the full year 2020 to $47.2 billion, according to the IDC Worldwide Quarterly Unified Communications & Collaboration report. IDC also reported that the global PC monitor market hit new record highs in 2020, with 55 million units sold.

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