Smart Home Market 2022 Latest Advancements, Trends and Huge Business Opportunities

 The global “Smart Home Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Smart Home Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

The global smart home market size was USD 86.48 billion in 2020 and is expected to grow from USD 99.89 billion in 2021 to USD 380.52 billion in 2028, growing at a CAGR of 21.1% during the 2021-2028 period. 

Read More: 

https://www.fortunebusinessinsights.com/industry-reports/smart-home-market-101900


List of the Key Companies Profiled:

  • ABB Ltd. (Zurich, Switzerland)
  • Centrica Connected Home Limited (London, U.K.)
  • Control4 Corporation (Utah, U.S.)
  • Emerson Electric Co. (Missouri, U.S.)
  • General Electric Company (Massachusetts, U.S.)
  • Honeywell International (North Carolina, U.S.)
  • Johnson Controls, Inc. (Cork, Ireland)
  • Samsung Group (Suwon-si, South Korea)
  • Schneider Electric SE (Rueil-Malmaison, France)
  • Sony Corporation (Tokyo, Japan)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Smart Home Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Smart Home Market within the estimated period. Smart Home Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Smart Home Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

 

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