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Global Smart Home Platforms Market Forecast 2022 – 2032 | Future Market Insights, Inc.

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NEWARK, Del, June 13, 2022 (GLOBE NEWSWIRE) — The global smart home platforms market is estimated at US$ 20.5 Billion in 2021 and is projected to procure US$ 23.88 Billion by 2022. The market is anticipated to garner US$ 110 Billion by 2032 while recording a CAGR of 16.5% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing internet penetration and rising number of smartphone users and rising standard of living across various developing countries.  

Moreover, the growing adoption of technologies like Artificial intelligence, and IoT in homes to provide enhanced security and control of every home appliance at the tip is acting as a prominent aspect for augmented sales. There are various features associated with the use of a smart home platform; however, one of the truly impressive benefits is that it automatically foresees the behavior and needs of the users to provide them with pleasurable and enjoyable surroundings. 

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On the contrary, owing to the high cost of installation and the privacy concern linked with the smart appliances have certainly impacted the utility of smart home platforms in several parts of the globe. Although, key players are developing state-of-the-art technologies to make these systems secure and unhackable.

Key Takeaways from the Market Study 

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  • Smart home platforms for security and surveillance capture the largest share of 53.3%, growing at a CAGR of 16.7%
  • IoT platforms for smart appliances to account for 65% revenue across the forecast period  
  • North America market is expected to secure US$ 24 Billion while expanding at a CAGR of 16.5%  
  • Asia Pacific to record a CAGR of 15.2% during the forecast period 
  • Global smart home platforms market to flourish 4.6x from 2022 to 2032

“Mushrooming demand for efficient household security systems and the convenience of all smart appliances at the remote has boosted the adoption of smart home platforms like Alexa across the globe,” remarks an FMI analyst.

Competitive Landscape  
Key players in the global Smart Home Platforms market include Apple Inc., Google LLC, Cisco Systems, Inc., Resideo Technologies, Inc., Amazon.com, Inc., LG Electronics, Samsung Electronics Co. Ltd., Siemens AG, Robert Bosch Smart Home GmbH, General Electric Company. Some of the recent key developments among the players are: 

  • In June 2022, Samsung Electronics announced the global launch of SmartThings Home Life, offering consumers worldwide a more holistic smart home experience. Samsung’s SmartThings Home Life, introduced at this year’s Bespoke Home 2022, is launched in 97 countries.
  • In January 2020, Apple, Google, Amazon, and the Zigbee Alliance have all teamed up to make a new smart home standard. The new working group went under the name of “project Connected Home over IP”.
  • In February 2020, Cisco has announced its acquisition of Exablaze*, a privately held, Australia-based designer and manufacturer of advanced network devices.

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More Valuable Insights Available 
FMI, in its new offering, presents an unbiased analysis of the global Smart Home Platforms market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by Type (IoT Platform for Control & Connectivity Devices, IoT Platform for Security & Surveillance Systems and IoT Platform for Smart Appliances) & Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa). 

About the Technology Division at Future Market Insights 
The technology division at Future Market Insights provides an in-depth historical analysis and granular projections of the global technology market. Ranging from technology materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the technology industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help. 

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Key Segments Covered In The Smart Home Platforms Industry Survey

Smart Home Platforms Market by Type:

  • IoT Platform for Control & Connectivity Devices
  • IoT Platform for Security & Surveillance Systems
  • IoT Platform for Smart Appliances

Smart Home Platforms Market by Region:

  • North America Smart Home Platforms Market
  • Latin America Smart Home Platforms Market
  • Europe Smart Home Platforms Market
  • Asia Pacific Smart Home Platforms Market
  • The Middle East & Africa Smart Home Platforms Market

Table of Content
1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

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    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

Check Report for detailed TOC

Explore FMI’s Extensive Coverage on Technology Domain:

Smart Home Solutions Market Trends: Smart Home Solutions Market – Global industry segment analysis, regional outlook, share, growth; Smart Home Solutions Market 2017 to 2027 by future market insights

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Smart Home Hub Market Demand: Smart Home Hub Market – Global industry segment analysis, regional outlook, share, growth; Smart Home Hub Market 2018 to 2028 by future market insights

Smart Home Security Camera Market Share: Smart Home Security Camera Market forecasted to registering 20.02% CAGR during the forecast period, projected to reach US$ 46.5 Bn by 2032

Physical Security Market – The physical security market is projected to grow steadily at a 6.3% value CAGR, during the forecast period 2022-2032. Earlier in 2021, this market was projected to have a global market valuation worth US$ 117 Billion and is expected to reach a sum of US$ 229.11 Billion by 2032.

Traffic Management System Market – The global traffic management system market is projected to reach US$ 21.3 Bn by 2022. The traffic management system market is anticipated to grow at a CAGR of around 12.1% during the forecast period from 2022 to 2032, totaling over US$ 66.6 Bn by 2032.

Lawful Interception Market – Market demand for lawful interception is anticipated to advance at a CAGR of 14.8%, reaching a market value of US$ 12.9 Billion during the 2022-2032 period of assessment.

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Jobsite Management Software Market – The global jobsite management software market is expected to secure a market value worth US$ 5.7 Billion in 2022 against US$ 5.2 Billion in 2021. From 2022-to 2032, the market is expected to expand at a CAGR of 8.6% while garnering a market value worth US$ 13.1 Billion. 

Network Analytics Market – The network analytics market is estimated to grow with a CAGR of 19.3% from 2022 to 2032. The network analytics market share is likely to boost up to US$ 2.5 Bn in 2022.

About Us  

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 

Contact:

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Future Market Insights Inc.  
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA  
T: +1-845-579-5705  
Report: https://www.futuremarketinsights.com/reports/smart-home-platforms-market
For Sales Enquiries: [email protected]
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Artificial Intelligence

TraceLink Releases Amadeus, the First Generative AI Assistant for Accelerating the Digitalization of Supply Networks on the Opus Platform

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Trained on a rich set of information from a unified content repository, Opus Orchestration Architects, Solution Designers, Network Administrators, and those simply interested in learning more about TraceLink’s solutions are empowered with information in seconds
BOSTON, Oct. 1, 2024 /PRNewswire/ — TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, today announced the launch of Amadeus, an AI Assistant to help users across the supply chain configure and optimize supply networks. Powered by advanced Large Language Model (LLM) algorithms, Amadeus allows users to find answers across a large volume of the TraceLink University educational content ecosystem, including developer resources, educational “how-to” materials, and technical documentation, delivering detailed, accurate responses tailored to their needs.

Whether navigating through extensive resources, searching for specific content, or exploring related topics, Amadeus provides intelligent answers drawn from a knowledge base refreshed on a daily basis. Its advanced search capabilities and context-aware assistance with source URL and citations ensure a smooth, reliable, current, and efficient content discovery process. With instant access to TraceLink University documents, educational whitepapers, case studies, and more, Amadeus delivers quick, within-seconds responses tailored to specific customer use cases, helping users solve complex business problems with confidence.
“With Amadeus, we are offering a powerful way for customers to engage with the wealth of knowledge within TraceLink University,” said Shabbir Dahod, President and CEO at TraceLink. “By integrating generative AI and LLMs with our extensive content library, Amadeus helps users to quickly find the information they need to optimize their supply chain operations. This is just the beginning of how TraceLink aims to harness AI to further transform supply chain management in the future.”
Amadeus’ AI functionality is further enriched by its robust safeguards. Built-in guardrails and alignment with OpenAI’s safety protocols verify that responses are relevant and accurate, eliminating AI hallucinations and keeping users on track. With these AI safety features built into Amadeus, users receive the most applicable and trusted answers, helping them make informed decisions in real-time. Looking forward, Amadeus will securely integrate content from customers’ own orchestration networks, thereby enabling a powerful AI-driven experience on top of end-to-end supply chain network intelligence to leverage predictions to drive business results.
Learn more about TraceLink’s Opus Magnum release, the only no-code network digitalization platform designed to democratize access to end-to-end supply chain integration and orchestration.
See Opus Magnum live at FutureLink Barcelona 2024, the only thought-leadership, education, and networking event for life sciences and healthcare leaders needing critical intelligence and better collaboration across supply chain relationships, from October 2-4, 2024. With keynotes headlined by the industry’s top thought leaders, a full day of TraceLink University educational sessions, three orchestration tracks led by customers and solution partners, and an immersive product and solution exhibition, this year’s FutureLink will focus on the end-to-end digitalization of your supply chain to link your enterprise systems and processes to the network. Register now.
About TraceLink:
TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network. Leading businesses trust TraceLink to deliver complete global connectivity, visibility, and traceability of healthcare products, ensuring that every patient gets the medicines they need when needed, safely and securely.
Logo – https://mma.prnewswire.com/media/1004729/TraceLink_Logo.jpg

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Artificial Intelligence

ResourceWise Launches Forest Trackt™: A Comprehensive Solution for EUDR Compliance

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CHARLOTTE, N.C, Oct. 1, 2024 /PRNewswire/ — ResourceWise®, a leading provider of pricing, market intelligence and sustainability solutions, is proud to announce the launch of Forest Trackt™, an end-to-end compliance solution designed to help companies adhere to the European Union Deforestation Regulation (EUDR). This innovative technology is set to transform how businesses demonstrate supply chain transparency.

Forest Trackt integrates advanced technology, including automated geo-location of source coordinates, machine learning, and advanced algorithms, to enable businesses to trace the origins of wood-based commodities accurately. Forest Trackt enhances transparency across the supply chain, providing a robust framework for meeting the stringent requirements of the EUDR.
Key features of Forest Trackt include:
Geo-Location Data Acquisition: Employs the user-friendly ForestLogger mobile app to collect precise geo-location data with no cellular connection. This ensures accurate and efficient data gathering and polygon definition, even in remote areas.Point-to-Polygon JSON Files: Automates the creation of required geo-location data files to comply with EUDR. One significant challenge for EUDR compliance is the requirement to provide vast amounts of geo-location data. Forest Trackt replaces manual data entry, reducing cost and errors while providing more accurate data and ensuring full traceability of wood-based products.Predictive Risk Assessment: Offers multi-factor risk assessment to pre-qualify tracts, conduct the required risk assessment, and demonstrate a robust risk management program as required by EUDR.Tokenization System: Tracks wood-based raw materials from the forest through the supply chain to the end product and market, solving the many-to-many problem of forest and sawmill residuals.Centralized Data Package Delivered to the EU: Transfers all data from a centralized database to the EU via API.Forest Trackt is engineered to streamline compliance, minimizing manual workload while maximizing compliance accuracy and assuring audit readiness. Businesses that adopt this solution can look forward to increased efficiency and reduced risk of non-compliance penalties, thus future-proofing themselves against evolving regulatory landscapes.
“The penalties for failing to comply with EUDR are steep. For example, US manufacturers of pellets, pulp, paper, and lumber have roughly $4 billion in revenue at risk. At ResourceWise, we recognize the challenges companies face in implementing transparency standards,” said Pete Stewart, CEO of ResourceWise. “With Forest Trackt, we aim to simplify compliance processes and empower businesses to achieve their sustainability goals with confidence and ease.”                                                                             
“The regulatory environment for the forest products industry is becoming more complex,” said Stewart. “With the launch of Forest Trackt, ResourceWise continues its commitment to helping those in the forest products industry meet their financial and sustainability goals.”
For more information about Forest Trackt and how it can benefit your business, visit www.resourcewise.com/foresttrackt.
Contact:
Suz-Anne KinneyVice President, MarketingResourceWisePhone: +1 704 451 7312Email: [email protected]
About ResourceWise:
ResourceWise is a commodity price reporting agency with proprietary datasets and deep expertise in forest products, biofuels and low-carbon feedstocks, biomaterials, and chemicals industries. We help our customers make better decisions by providing accurate data and analytics, which we supplement with strategic consulting. Because our markets are energy-intensive, we use our data and expertise to help our customers identify and navigate decarbonization pathways and industry-related regulatory requirements. 
ResourceWise legacy companies include Chemical Intelligence, Fisher International, Forest2Market, Prima Markets, Tecnon OrbiChem, and Wood Resources International.  

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Artificial Intelligence

VIPRE Introduces All-in-one Endpoint EDR+MDR Package to Help Deliver Around-the-clock Managed Security

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Simplified, cost-effective package empowers Managed Service Providers to enter the endpoint MDR market.
LONDON, Oct. 1, 2024 /PRNewswire/ — VIPRE Security Group, a global leader and award-winning cybersecurity, privacy, and data protection company, today launched a new combined VIPRE Endpoint EDR+MDR package. This single, simplified, and streamlined managed protection package provides organisations of all sizes with cost-effective, advanced, and around-the-clock endpoint security. For managed service providers (MSPs), this solution provides a genuine opportunity for portfolio expansion to offer Managed Detection & Response (MDR) services to customers.

With this powerful all-in-one VIPRE Endpoint EDR+MDR solution, organisations receive top-tier Endpoint Detection & Response (EDR) capabilities, such as threat detection, DNS protection, ransomware rollback, patch, and vulnerability management — alongside a fully managed threat incident response led by an experienced forensics team. This includes 24x7x365 coverage backed by stringent service level agreement guarantees, managed containment and remediation, threat hunting and forensic analysis, and more.
“This new packaged solution directly addresses the security and budgetary challenges identified by our customers and MSP channel partners,” Usman Choudhary, General Manager and CTPO at VIPRE Security Group, elaborated. “The security landscape is complex and challenging. Organisations face escalating threats while dealing with budget limitations. The need for continuous, advanced threat monitoring and remediation strains both security teams and financial resources. Our integrated EDR and MDR solution addresses these challenges cost-effectively, while also reducing the overall total cost of ownership of these solutions.”
“Similarly, many MSPs find it difficult to supplement their EDR offerings with MDR services, which demand specialised cybersecurity expertise. Our new package enables MSPs to enter the MDR market efficiently, enabling them to meet clients’ evolving security needs without the substantial investment of building an in-house MDR team.”
Both VIPRE solutions, EDR and MDR, will also remain available individually.
About VIPRE Security Group
VIPRE Security Group, part of Ziff Davis, Inc., is a leading provider of internet security solutions purpose-built to protect businesses, solution providers, and home users from costly and malicious cyber threats. With over 25 years of industry expertise, VIPRE is one of the world’s largest threat intelligence clouds, delivering exceptional protection against today’s most aggressive online threats. Our award-winning software portfolio includes next-generation antivirus endpoint cloud solutions, advanced email security products, along with threat intelligence for real-time malware analysis, and security awareness training for compliance and risk management. VIPRE solutions deliver easy-to-use, comprehensive layered defense through cloud-based and server security, with mobile interfaces that enable instant threat response. VIPRE is a proud Advanced Technology Partner of Amazon Web Services, operating globally across North America and Europe.
The group operates under various brands, including VIPRE®, StrongVPN®, IPVanish®, Inspired eLearning®, Livedrive®, and SugarSync®. www.VIPRE.com
 

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