Such as the Amazon voice control speaker Echo and Google’s intelligent smoke monitor Nest Protect and other smart home equipment, has formed a large industry. Smartphone hardware and services sales are expected to reach $ 83 billion this year, according to new data released Tuesday by Juniper, a market research firm.
By 2021, Juniper says, that number will more than double to $ 195 billion. The company that is expected to lead the industry will be Google parent company Alphabet, Amazon, Apple and Samsung. The market research company called these companies “Big Four”, saying they will “further consolidate their position in the next few years.” Smart home hardware and services include many categories, such as entertainment, automation, health and interconnection equipment.
Juniper said the fastest growth areas in the next five years are expected to be home automation and smart appliances. Devices in these areas will include Google’s smart audio and artificial intelligence assistant, Google Home, and the Philips Hue Wireless Dimming Kit, which dims and turns the lights on and off.