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Smart Home Devices Set to Hit 939.7m shipment by 2022

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International Data Corporation (IDC) forecast results has shown that Smart Home Devices will grow on market size and forecasting of IP-connected devices used in the home, which include smart speakers, digital media adapters, lighting, thermostats, and more.

 

This historical result/data is accompanied by a five-year forecast that offers insight into upcoming trends and the ever-evolving market.

 

In 2017, 433.1 million smart home devices were shipped worldwide, growing 27.6% from the previous year.

 

Looking ahead, IDC anticipates a compound annual growth rate (CAGR) of 18.5% as the market balloons to 939.7 million devices shipped in 2022.

 

Within the smart home market, the smart speaker category, which includes devices like the Amazon Echo and Google Home, will remain the fastest growing category throughout the forecast.

 

Meanwhile, shipments for most other categories, with the exception of video entertainment products, will experience a double-digit CAGR during the same period.

 

Jitesh Ubrani senior research analyst, IDC Mobile Device Trackers, said “The smart home market is still in its infancy but we’re already seeing some significant changes in consumers’ and vendors’ approach,”

 

“There’s less of a focus on having a central hub and apps as the center of the interface as hardware makers race to create interoperability with smart assistants like Alexa, Siri, or Google Assistant.

 

“On the other hand, consumers, while still somewhat hesitant to anthropomorphize smart assistants, are beginning to expect a more natural user interface to the myriad of smart home devices.”

 

Adam Wright senior research analyst for IDC’s Consumer IoT Program, said “While it’s still early days for the smart home market – and the wider consumer IoT ecosystem in general – we expect to see considerable growth over the next few years, especially as consumers become more aware of and increasingly interact with smart assistant platforms like Amazon’s Alexa and Google Assistant,

 

“Whether in the form of a smart speaker or embedded in a thermostat, fridge, TV, or any other device, smart assistants are quickly becoming the cornerstone of consumer IoT by enhancing the accessibility, use, and functionality of connected devices, which will noticeably boost adoption rates in the near future.”

 

Category Highlights shows that Video Entertainment devices, inclusive of smart TVs, digital media adapters, and other IP-connected video devices, are forecast to deliver a CAGR of 8.3% for unit shipments over the 2017–2022 forecast period.

 

These devices are also expected to capture around three quarters of the dollar value of the entire smart home market as the average sale price (ASP) for TVs will be among the highest.

 

Leaders in the TV category during 2017 were Samsung and LG while category leaders for digital media adapters during the same period were, in order, Amazon, Google, and Roku.

 

Home Monitoring/Security is comprised of devices like connected door locks, cameras, moisture sensors, door bells, and more.

 

IDC expects this will remain the second largest category in terms of unit shipments through 2022 as products become easier to deploy in the home and will not require consumers to have a “DIY attitude” to integrate these products with their smart assistants and other devices.

 

Smart Speakers with built-in smart assistants have captured the spotlight recently as major new brands like Apple have entered the market.

 

In addition, Amazon and Google have been quick to respond by offering additional models and price points through their first-party speakers and by partnering with numerous other brands to bring Alexa- or Google Assistant-enabled speakers.

 

What remains to be seen is how long the partners can survive since the sale of hardware stands to be the smallest part of the overall revenue associated with this category.

 

Connected Lighting products, like those from Philips, GE, IKEA, and others, have to some extent been the gateway for consumers to the larger smart home market.

 

With prices quickly dropping and bundling with smart speakers as an entry level smart home solution, the lighting category has a lot of future potential.

 

IDC anticipates this category to be worth more than $3.5 billion dollars by the end of 2022.

 

Thermostats, like the ones offered by Nest or Ecobee, are expected to have a worldwide CAGR of 20.8% for unit shipments by 2022.

 

Despite the high growth, IDC expects it to be among the smallest categories as most homes will have a single thermostat and a large part of the world (e.g. Asia/Pacific and Middle East) does not use standalone thermostats, relying instead on those built into air conditioners or heating units.

 

Other smart home products like connected appliances, sprinkler systems, and other smaller devices are expected to see shipments grow at a CAGR of 18.2% from 2017–2022.

 

Many of the analog counterparts, like traditional appliances, have long replacement cycles and are expected to have limited overall appeal within the future smart home.

 

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Broadcasting

Nigerians Protest DStv Tariff Hike, Urge Govt to Intervene

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Many Nigerians on Monday decried the announcement by Multichoice that it would increase its subscription rates for DStv packages from August 1.

 

Multichoice in its messages to its subscribers recently, said that it would, however, reduce its rates for Gotv on its satellite platform.

 

The company which recently announced the proposed increment said that its rate for the Dstv Premium package would be from N14, 700 to N15; 800; the Compact Plus would be increased to N10, 650 from N9, 900.

 

It added that the Compact package would be from N6,300 to N6,800; Family package would be increased from N3,800 to N4,000, and Access package would be from would be from N1,900 to N2,000.

 

It, however, said that each of its subscribers on Gotv Max package would begin to pay N3,200 instead of the previous N3,800.

 

It added that each of its subscribers on Gotv Plus, Gotv Value and Gotv Lite subscribers would be paying N1,900, N1,250 and N400, respectively, on monthly basis.

 

Some Nigerians condemned the proposed new rates in their posts on their social media platforms.

 

They said that it would amount to ripping them off of their hard earned money as well as wondered what was responsible for the sudden increase.

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The News Agency of Nigeria (NAN) reported that a Twitter name Mazi Ubadire was quoted as saying: “I just saw a message on my DStv explorer about an upgrade of subscription from high to higher.

 

“What is the rationale behind this increment of subscription fees on DStv, the company needs to explain.”

 

Akinlade tweeted: “These DStv guys are not ready to do business. After showing the same programmes repeatedly till the subscriber gets tired, they are increasing their subscriptions.”

 

Abiodun Bukola said: “DStv has increased the price for premium again. These guys are bold.

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“The question we must ask DStv is how come they cannot change their subscriptions to Pay as you use?

 

“If not for the football channels my husband watches, I would have thrown that decoder in the bin.”

 

Olamipekun Adeshina tweets: “DStv has increased their subscription again, why are these people ripping us off like this and more importantly, why are we quiet? This madness has to stop.

 

“I just received a message from DStv about decreasing my channels by 15.8 (%) per cent. Is it with the new tariff or the old tariff? I don’t understand them.

 

“Is this how DStv will be reaping us up in our own country? Is this obtainable. in other countries where they exist? What happens to our consumer rights?”

 

Zoba Okorie tweeted: “DStv is a liability not an asset. It takes money off your pocket and doesn’t bring back cash flow. So, if you genuinely can’t afford it for now and pay comfortably, don’t get it.

 

“Don’t be pressurised by the internet people. Don’t try to fit in, just be you and leave within your means.’’

 

Blessing Nwanze tweeted: “Even with everyday repeat of movies and programmes, DStv is still increasing the amount of their brochure effective 1 August, 2018.

 

“This is really more money for nothing. Do we have a government? Can this be regulated or the government is on free subscription.”

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NBC Mulls Sanctions for Broadcast Stations over N4.2Bn Debt

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Is’haq Modibo Kawu, director general, National Broadcasting Commission (NBC), said that the commission would wield the big hammer on broadcast stations across the nation for their indebtedness to the tune of N4.2billion.

 

Kawu,, who spoke on Monday at the NBC Summit 2018 with the theme “Broadcast Content Development: Deepening Democratic Culture in Nigeria,” organized for broadcast stations which was held in Enugu, said so many broadcast stations are currently indebted to the commission even when the commission was supposed to be generating revenue for the federal government.

 

Bilbis said: “Very soon NBC will begin to sanction broadcast station indebted to the commission. We are supposed to be gerating funds for the federal government, and N4.2billion is a whole lot of money. When we sanction, it’s because we need to sanction.”

 

He further explained that the broadcast stations indebted to the commission comprised both television and radio stations, adding that part of their indebtedness was in the failures to renew their licences with the commission over the years.

 

The event which was well-attended by notable broadcast media practitioners in the country was declared open by Chief Ifeanyi Ugwuanyi, Enugu state Governor.

 

 

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NBC Shuts Down Ekiti Broadcasting Stations Indefinitely

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National Broadcasting Commission (NBC), has ordered the immediate shut down of the Ekiti state broadcasting service for infractions of the Nigeria broadcasting Code and the Electoral Act.

 

The Commission took this decision after unauthorized declaration of the governorship election results by Mr. Ayodele Fayose, state Governor on the Ekiti State Broadcasting stations.

 

In addition, the Governor went on air to make malicious and unsubstantiated claims against the Independent National Electoral Commission (INEC), the Nigerian Police and the Department of Security Services.

 

The station will remain shut down till further notice.

 

The Commission had on Tuesday 5th June queried the station’s, Mr. Lere Olayinka, acting director general who is doubling as the spokesman for the PDP campaign organisation in breach of Section 5.2.18 of the Nigeria Broadcasting Code in letters to the Station and the State Government. Both letters were ignored by the recipients.

 

 

Maimuna Jimada, head, Public Affairs, said that the Ekiti State Broadcasting Service on Wednesday 11th July, 2018 was found in breach of sections 5.2.7 and 5.2.8 of the Code for which it was reprimanded and fined N500,000 by the Commission.

 

Jimada, quoted Mal. Is’haq Modibbo Kawu, director general,  as saying that he “wishes to re-emphasize that all broadcasters must adhere strictly to the ethics of the profession in conducting all programmes on their stations in respect to the Nigeria Broadcasting Code, the National Broadcasting Act CAP N11 Laws of the Federation, 2004 and the Electoral Act.

 

For the avoidance of doubt, Kawu hereby draws the attention of all, to the following sections of the Nigeria Broadcasting Code:

 

3.1.2 which states that:

Materials likely to incite or encourage to the commission of a crime or    lead to public disorder shall not be broadcast

 

5.2.15 which states that:

A broadcaster shall broadcast election results or declaration of the winner only as announced by the authorized electoral officer for the election.

 

Broadcasters are hereby also reminded that the Social Media is not an official source for release of election results.

 

The NBC wishes to reiterate that broadcasting stations must ensure proper gate keeping and professionalism in all programmes transmitted on their stations as the Commission would impose severe sanctions for any breach of the Broadcasting Code.

 

 

 

 

 

 

 

 

 

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