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Nearly a billion smart home devices will ship in 2022, says IDC

Market research firm IDC said Thursday that it expected shipments of sensible house gadgets to grow at an 18.5% annual clip over the next five years, in the long run attaining 940 million gadgets shipped by way of 2022. Shipments of sensible audio system will grow even quicker over that duration, IDC said, at a 32% annual rate. "While it's still early days for the sensible house marketplace - and the wider consumer IoT ecosystem generally - we predict to peer really extensive growth over the following couple of years, particularly as consumers grow to be extra acutely aware of and increasingly interact with sensible assistant platforms like Amazon's AMZN, -Zero.82% Alexa and [Alphabet Inc.'s GOOGL, +three.30% ] Google Assistant," IDC senior research analyst Adam Wright said in a unlock. Amazon's Echo family of audio system is regarded as the marketplace leader. Apple Inc. appl recently came out with its $349 HomePod speaker and can glance to capture share of the marketplace. Apple shares are up 18% during the last 12 months, while the Dow Jones Industrial Average DJIA, +1.22% has gained 17%.