Amazon sold over 11 million Amazon Echo devices in 2016, and Forrester expects this number to double in 2017. Smart speakers, including Amazon Echo, will account for 50% of the total installed base of smart home devices in 2017 and will reach 68% by 2022. Smart speakers lead in household penetration, followed by connected speakers and smart bulbs and lightning. Smart home categories like smart bulbs and lighting and smart thermostats, which can be controlled or operated by smart speakers, will grow faster than other categories such as dependent care monitoring. Other potential accelerators will be expanding the range of activities consumers actually engage in with smart speakers (beyond music, news, and kitchen timers) and the incorporation of digital assistants into other type of products, in addition to smart speakers.

Source: Forbes October 30, 2017 00:56 UTC