Knowledge protection:
The info encompasses B2C enterprises. Figures are based mostly on the gross sales of sensible dwelling merchandise, excluding taxes.
Modeling strategy:
Market sizes are decided by a bottom-up strategy, constructing on a particular rationale for every market section. As a foundation for evaluating markets, we use the Statista International Shopper Survey, market knowledge from unbiased databases and third-party sources, and Statista interviews with market consultants. As well as, we use related key market indicators and knowledge from country-specific associations, similar to family web penetration and shopper spending for households. This knowledge helps us estimate the market measurement for every nation individually.
Forecasts:
In our forecasts, we apply various forecasting strategies. The collection of forecasting strategies is predicated on the conduct of the related market. For instance, the S-curve perform and exponential pattern smoothing are properly fitted to forecasting digital services because of the non-linear development of expertise adoption. The primary drivers are GDP/capita, stage of digitization, and shopper attitudes towards sensible dwelling integration.
Further notes:
The info is modeled utilizing present trade charges. The influence of the COVID-19 pandemic and the Russia-Ukraine battle are thought of at a country-specific stage. The market is up to date twice a yr in case market dynamics change.
