The smart apartment market is booming. More property managers than ever before are realizing the benefits that IoT can bring to a community.
According to the latest smart apartment report from Omdia, in 2021 there were an estimated 1.6 million smart apartment units in the US, representing approximately 6.6% of the multifamily apartment building stock. In 2026, the number ofsmart apartment unitsis expected to reach nearly 10 million, equating to 34% of the apartment building stock. In terms of in-unit IoT devices in the US, there were approximately 4 million new devices installed (shipped) in smart apartments in 2021, increasing to approximately 18 million devices in 2026.
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