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Media Post reports on a new study by BI Intelligence saying that “The number of smart home devices continues to rise and now it’s projected that there will be 800 million in the U.S. within four years.

“The size of the smart home market is being pushed along quite nicely by smart speaker adoption, with nearly 1 billion projected to ship globally, according to a new forecast.”

While “smart home devices still appeal more to tech-savvy consumers,” the story says, they “are starting to move to average users, according to the study.”

Media Post writes that “smart speakers will gradually transform into one of many peripheral devices around the central voice assistant, according to BI Intelligence. Smart speakers are also a driver for more smart home products, since they can relatively easily control other smart devices, such as lights and thermostats, and several at time.”
KC's View:
I don’t think there is much question of this. To me, the bigger question is whether latecomers to the category will be able to compete with the likes of Google and Amazon, which have gotten a significant head start.