U.S. Leads the World in Smart Home Adoption.

Byline: Sarah Feldman

The smart home market in the U.S. brought in close to 5 billion dollars in 2018. China was the only other country to gross over a billion dollars in smart home revenue. While China's smart home market is currently about a fifth the size of the U.S.'s, there is a ton of room for growth. Statista's DMO estimates that $1 billion is only about a single percent of what the smart home market could be for the country. While the U.S. still has a ton of room to grow as well, with a smart home penetration rate of 15 percent, the full growth potential of the U.S. still can't compare to China's.

These internet-connected...