Smart Home - Colombia

  • Colombia
  • In the year 2024, the projected revenue in the Smart Home market in Colombia is expected to reach €432.1m.
  • Looking ahead, this market is expected to show a compound annual growth rate (CAGR 2024-2028) of 11.18%.
  • This growth will result in a projected market volume of €660.3m by the year 2028.
  • In terms of active households, it is anticipated that the number will reach [users_currentlayer_yearend] by 2028 in Colombia.
  • Furthermore, the household penetration, which currently stands at 10.1% in 2024, is expected to increase to 15.1% by 2028.
  • Currently, the average revenue per installed Smart Home market in Colombia is expected to amount to €274.80.
  • When comparing the Smart Home market globally, it is noteworthy that United States generates the highest revenue, reaching €35,980.0m in 2024.
  • Colombia's Smart Home market is rapidly expanding, driven by the increasing demand for energy-efficient solutions and home automation technologies.

Key regions: United States, United Kingdom, Germany, Europe, Norway

Comparación de regiones


Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Visión general

  • Revenue
  • Smart Homes
  • Demographics
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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