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Smart Homes Market Sales Projected to Witness a CAGR of 16.8% During 2022-2032 | Market.us Research Report

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New York, April 05, 2023 (GLOBE NEWSWIRE) — According to Market.us, The Global Smart Homes Market was valued at USD 113.5 Billion in 2022 and is predicted to reach USD 503.1 Billion between 2023 and 2032. It is estimated that this market will register the highest Compound Annual Growth Rate (CAGR) of 16.8% during the same period.

Smart homes are an important part of information and communication technology for home appliances. In smart homes, all the appliances like lights, fans, television, refrigerator, AC, home PCs, and cameras can perform all the functions and control by smartphones using smart homes technology. All controlling and monitoring systems are installed on owners’ smartphones or tablets that offer wireless networking to the user. A smart home allows one to control appliances remotely from any distance with the help of the internet and smartphone. The advancing smart infrastructure and the adoption of smart homes are boosting the growth of the smart homes market.

Smart Homes Market By Product

To get additional highlights on major revenue-generating segments, Request a Smart Homes Market sample report at https://market.us/report/smart-homes-market/request-sample

Key Takeaway:

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  • By Technology, wireless smart homes dominate over wired smart homes.
  • By Product, the security & access segment leads the market with a share of 24%.
  • By Application, the new construction segment is anticipated to grow at the highest CAGR during the forecast period.
  • Asia-Pacific held a major revenue share of approximately 32.8% in 2022.

The rising trend of advanced technology integration in smart home appliances is anticipated to increase the demand for smart home appliances in the upcoming period. Additionally, the use of the internet of things and smartphones worldwide has fueled the growth of the smart homes market.

Factors affecting the growth of the Smart Homes Market

Several factors can affect the growth of the Smart Homes Market. Some of these factors include:

  • The rising popularity of digital assistants: The rising popularity of digital assistants like Siri, Cortana, and Alexa for controlling home appliances has boosted the growth of the smart home market.
  • Integration of Advanced Technology: Developing innovations and technologies like the internet of things and artificial intelligence are upgrading the features of smart home appliances. To prevail these features, many customers are moving towards smart homes.
  • Changing lifestyles: Fast forward and continuously changing lifestyle has forced individuals to adopt smart homes. This is propelling the growth of the smart homes market.
  • Increasing Disposable Incomes: The increasing disposable income across the world has inclined the preference of individuals toward comfort and a luxurious lifestyle. Many individuals are adopting high-end smartphones for luxury and comfort.
  • Safety Concerns: Smart home appliances help to increase the safety and security of the house by monitoring, informing, and alarming the house owner of any security breach. Many individuals are inclined towards smart homes to improve the safety precautions for the house

To understand how our report can bring a difference to your business strategy, Inquire about a brochure at https://market.us/report/smart-homes-market/#inquiry

Top Trends in the Smart Homes Market

The introduction of advanced technology and connectivity in smart home appliances has given remote access to the users for monitoring and controlling the home appliances in smart homes. An ongoing trend of integrating artificial intelligence and automation offers assistance uniquely and innovatively. These technological advancements and innovations offer safety and security to smart homes. Many users have installed smart security options in smart homes, like modern burglar alarms, video door alarms, facial recognition, and remote-controlled locks to protect the house. These trends are expected to boost the growth of the smart homes market during the forecast period.

Market Growth

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The developing innovations and technologies like the internet of things and artificial intelligence are upgrading the features of smart home appliances. To prevail these features, many customers are moving towards smart homes. The rising popularity of digital assistants like Siri, Cortana, and Alexa for controlling home appliances has boosted the growth of the smart homes market.

Smart home appliances help to increase the safety and security of the house by monitoring, informing, and alarming the house owner of any security breach. Many individuals are inclined towards smart homes to improve the safety precautions for the house. The increasing disposable income across the world has inclined the preference of individuals toward comfort and a luxurious lifestyle. Many individuals are adopting high-end smartphones for luxury and comfort. All these factors are boosting the growth of the smart home market.

Regional Analysis

Asia Pacific region leads the global smart homes market by covering the major revenue share of 32.8%. Also, it is anticipated to grow at a significant CAGR during the forecast period. The growth of this region is attributed to the increasing population with high disposable income within the region. Individuals in this region are adopting smart home appliances to reduce energy consumption and increase energy efficiency. These key factors are expected to drive the growth of the smart homes market in the Asia Pacific region over the forecast period. The rising adoption of security and access control appliances in the region has helped to prohibit access to an unauthorized individual in the smart home by using the products like security cameras, smart locks, video door phones, remote monitoring software and services, and other appliances.

Competitive Landscape

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Major key companies in the smart homes market are adopting the strategies like mergers, acquisitions, partnerships, and collaborations for business expansion in the global market. The competitive landscape of the market has also been examined in this report. Some of the major players include Samsung Electronics Co. Ltd., LG Electronics. Inc, Amazon.com. Inc, Sony Corporation, Google Nest, Philips Lighting B.V., Robert Bosch GmbH, Siemens AG, Schneider Electric SEABB. Ltd, Honeywell International. Inc, and other key players.

Recent Development of the Smart Homes Market

  • In January 2021, Samsung launched their new air conditioning system named Variable Refrigerant Flow (VRF) in India. This air conditioning system can be installed in a small area as compared to the others, and it can be controlled by smartphones.
  • In March 2021, Amreen Missouri partnered with Emerson to offer Emerson’s Sensi smart thermostats to the customers of Amreen Missouri. Ameren Missouri customers had given Emerson’s Sensi smart thermostats under instant discounts and participation in the program-like schemes.

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Scope of the Report

Report Attribute Details
Market Value (2022) USD 113.5 billion
Market Size (2032) USD 503.1 Billion
CAGR (from 2023 to 2032) 16.8%
Asia Pacific Revenue Share 32.8%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

Increasing market demand for energy-saving and eco-friendly solutions is boosting the smart homes industry. Energy-efficient solutions play an important role in the overall development of countries. The growing environmental concerns, regulations, and global warming are forcing companies to reduce the usage of energy and carbon emissions. The government of many countries is taking various initiatives to save energy for the upcoming or future generations. And to support this, many individuals are opting for smart homes to avoid the wastage of electricity. These factors are expected to drive the growth of the smart homes market in the upcoming years.

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Market Restraints

Smart homes are connected to the network systems through wired or wireless mode. This makes smart homes vulnerable to hackers and thieves. Many smart home appliances are connected to the network systems, which store confidential information related to the user like banking details, personal details, healthcare detail, and other confidential information. By hacking into the network system of smart homes, hackers get access to every connected home smart home appliance and the confidential information on the network. Hackers can use this information to blackmail the user. These factors are restricting the growth of the smart home market.

Market Opportunities

The lighting control industry has grown significantly in the past few years. The lighting control industry has products like timers, daylight sensors, dimmers, relays, and occupancy sensors. These wide ranges of smart products are used in smart home appliances for performing various functions through any preferable technology like wireless or wired. This is anticipated to create lucrative market opportunities in the smart homes market. The integration of the internet of things in smart homes has made seamless communication and data sharing between smart devices. The use of these advanced technologies in smart homes has lowered the energy usage of the overall house. Therefore, the smart home market is expected to create lucrative opportunities in the upcoming years.

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Report Segmentation of the Smart Homes Market

Technology Insight

Smart homes are divided into wireless and wired based on Technology. From these technologies, the wireless segment is expected to grow at the highest CAGR than the wired segment over the forecast period in the smart homes market. The growth of the wireless segment is owing to the advanced features the wireless segment provides, like Wi-Fi, Z wave, Bluetooth, and other network-connecting devices. These features allow individuals to access connected smart home appliances from anywhere remotely. These factors are driving the growth of the wireless segment in the smart homes market.

Behind the wireless segment, wired Technology in smart homes is also preferred by many individuals. The growth of the wired segment is due to the secure and latency-free control of home appliances in smart homes. By excluding the connectivity, it also secures the user’s confidential information. Therefore, many people also go for wired technology in smart homes.

Product Insight

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In the product segment of the smart homes market, the security access control segment dominates the market by accounting for the major revenue share. The increasing awareness about the importance of safety and security in smart homes is driving the growth of the security and access segment in the smart homes market. These security measures deny an unauthorized person entry into the secured area. On breaching the security measures, it informs the house owner and activates the alarm. These features attract more customers to smart homes for security and access control.

Application Insight

Individuals prefer to install smart homes in new construction sites than retrofit. Therefore, the new construction site segment is expected to grow at a high CAGR during the forecast period. The growth of this segment is due to the convenient and easy installation of smart home appliances in the new construction site than retrofit. It also avoids the demolishing of the walls while installing smart devices. That’s why many users are inclined towards the new construction segment rather than the retrofit segment.

Get additional highlights on major revenue-generating segments, Request a Smart Homes Market sample report at https://market.us/report/smart-homes-market/request-sample

Market Segmentation

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By Technology

  • Wireless
  • Wired

By Products

  • Security and Access Control
    • Smart Locks
    • Security Cameras
    • Video Door Phones
    • Remote Monitoring Software & Services
    • Others
  • Lighting Control
    • Relays & Switches
    • Smart Lights
    • Dimmers
    • Occupancy Sensors
    • Others
  • Entertainment Devices
    • Streaming Devices
    • Soundbars and Speakers
    • Smart Displays/TV
  • HVAC
    • Smart Vents
    • Smart Thermostats
    • Sensors
    • Others
  • Home Appliances
    • Smart Water Heaters
    • Smart Vacuum Cleaners
    • Smart Washing Machines
  • Smart Kitchen Appliances
    • Cooktops
    • Dish Washers
    • Microwave/ovens
    • Refrigerators
  • Other Products

By Application

  • New Construction
  • Retrofit

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Market Key Players:

  • Philips Lighting B.V.
  • Robert Bosch GmbH
  • Siemens AG
  • ABB Ltd
  • Google Nest
  • Schneider Electric SE
  • Honeywell International Inc.
  • Samsung Electronics Co.Ltd.
  • LG Electronics Inc.
  • Sony Corporation
  • Amazon.com Inc.
  • Other Key Players

Browse More Related Reports:

  • Smart Transportation Market size is expected to be worth around USD 274.1 Billion by 2032 from USD 105.4 Billion in 2022, growing at a CAGR of 10.30%
  • Smart Lock Market was valued at USD 1.49 Billion in 2021. From 2023 to 2032, it is expected to grow at a CAGR of 19.4%.
  • Managed security services market was valued at USD 25.9 Bn in 2022 and is expected to grow at a CAGR of roughly 11.4% over the forecast period of 2023-2032. With the expected growth, it will reach USD 74.2 Bn in 2032.
  • Smart Airports market was valued at USD 15.9 Bn in 2022 and is expected to reach USD 36.2 Bn by 2032 at a CAGR of 8.8%
  • Smart Hospital Market ассоuntеd fоr UЅD 87.11 bіllіоn іn 2021 and estimated САGR оf 24% оvеr thе fоrесаѕt реrіоd.
  • Cloud computing market is expected to be worth around USD 2,321 Billion by 2032 from USD 546.1 Billion in 2022, growing at a CAGR of 16%.

About Us:

Market.US (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market.US provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

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International study shows: companies underestimate the lead time and complexity of digital transformation projects

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Companies under pressure: Organizational adjustments are the main driver of IT transformations worldwide (36%). Sustainability is a key transformation motive for only 15%.During the transformation process, companies particularly underestimate communication between departments and divisions (39%) and the adequate provision of resources (30%).German companies are in third place when it comes to preparing their IT for the integration of future-oriented technologies (e.g. AI). Pioneers are Switzerland (47%) and the USA (43%).BIELEFELD, Germany and Walldorf, Germany, June 24, 2024 /PRNewswire/ — Technological progress, new consumer habits and global developments are forcing companies to constantly adapt their IT systems. The fact that such projects are usually more complex and time-consuming than expected is demonstrated by the latest figures from the International Transformation Study 2024, which is conducted annually by  the internationally operating SAP© consulting company NTT DATA Business Solutions AG together with IT service provider Natuvion GmbH. The study provides descriptive insights into the IT transformation practices of companies with the aim of providing managers with a compass for future projects. More than 1,200 CEOs, CIOs and IT decision-makers from a total of 15 countries were surveyed on ongoing or completed transformation projects.

 
 
Pressure to adapt to technology is increasing worldwide
Technological developments and the pressure on the economy to adapt are putting companies under pressure. At 36%, companies cite organizational adjustments (restructuring) as the most common reason for an IT transformation. In the automotive industry, which is undergoing a massive upheaval due to the switch to electromobility in particular, restructuring even tops the list of motives for transformation at 48%. The booming life sciences sector is doing similarly. Here, too, organizational adjustments came first with 38%.
Immediately after this, respondents across all participating countries chose the introduction of new technologies such as artificial intelligence as the second most common transformation motive with 27%. In a comparison of countries, Switzerland and the USA lead the table of pioneers with 47% and 43% respectively. German companies are in third place: 37% of them stated that they had started their IT transformation in order to introduce modern technologies such as AI.
 
Growing demand for transformation expertise
A key finding of the Transformation Study 2024 is that companies often underestimate the challenges of their IT transformation – above all the organization of communication between departments and divisions (39%) during the process. The lack of existing transformation knowledge in companies (33%) and the difficulty of conducting a detailed analysis of the existing IT landscape and data (29%) are also particularly striking. In direct comparison to the previous year, the number of those who identified a lack of transformation expertise in their own company even increased by 5%. More than a third of all respondents therefore rated the option of engaging external consultants at an early stage and thus closing the existing skills gap as the second most important organizational measure for the successful implementation of their transformation project.
“The study clearly shows that a lack of expertise and a shortage of skilled workers are the main factors slowing down the transformation of companies. However, innovative and efficient IT is crucial in order to remain competitive,” explains Norbert Rotter, CEO of NTT DATA Business Solutions AG and EVP of NTT DATA, Inc. “The strategic management of transformation projects is therefore becoming increasingly relevant for companies worldwide. We involve managers and employees in the change process at an early stage and use our 35 years of expertise to ensure that our customers achieve their transformation goals on time and within budget.”
 
More data protection and cloud applications
For around a quarter of respondents, the integration of modern technologies such as artificial intelligence is already the primary reason for their IT transformation. If we restrict the range of respondents to representatives of top management, it becomes clear that data protection was rated even more important than AI. A full 44% of board members and managing directors state that data protection was a particularly important driver of their transformation.
The trend of moving applications to cloud platforms also continues unabated. Around 56% of companies state that they are using more cloud services as part of their transformation. In all countries surveyed, greater flexibility and faster customization options are the main reasons for cloud use (39%). Other reasons for increased cloud use include the acceleration of business processes (38%) and, once again, faster and easier access to technical innovations such as automation (37%). Better scalability (16%) and greater data security (13%) are also of key importance for cloud use.
Patrick Dahse, Managing Director of Natuvion GmbH, which has been part of NTT DATA Business Solutions since August 2022, emphasizes the central importance of data quality for transformation projects: “Good data has always been the basis and fuel for innovative processes and in the age of AI, its importance continues to increase. The study results confirm this and show that Only those who keep their data in the appropriate quality, harmonized and centrally available will be able to make optimal use of the blessings of technical developments in the future.”
The full results of the “Transformation Study 2024” can be found here.
 
About NTT DATA Business Solutions
NTT DATA Business Solutions is a leading global IT service provider with a focus on SAP and a powerful partner network. With more than 35 years of experience, we support companies worldwide on their way to the Intelligent Enterprise. We deliver end-to-end solutions that sustainably accelerate growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and use the latest technologies to advise our customers individually and across industries. Our more than 15,300 dedicated employees in over 30 countries are at work every day.
NTT DATA Business Solutions is part of NTT DATA. Headquartered in Tokyo, the trusted global business and technology leader generates revenues of over 30 billion US dollars. As One NTT DATA, we serve 75% of the Fortune Global 100 and help our clients innovate, optimize and transform processes for their long-term success. NTT DATA is part of the NTT Group.
 
About Natuvion
Natuvion is a digital relocation company. Natuvion moves business-critical data and processes from one technological platform to another! The Natuvion experts are always called upon when medium-sized and large companies want to modernize, optimize, separate, merge or rebuild their IT systems! This exclusive expertise in technical transformation enables Natuvion customers to always use their data and processes on the most modern and innovative technologies. As Inc. 5000 and FT 1000, the Natuvion Group has been one of the most dynamically growing software and IT consulting companies in Europe for 4 consecutive years.
Press Contact NTT DATA Business Solutions
Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld, Germany
T: +49 521 9 14 48 108
E-Mail: [email protected]
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Taipei Internet Exchange and AMS-IX Hong Kong expand connectivity network with global reach

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CHIEF, HGC and AMS-IX enter into partnership
HONG KONG, June 24, 2024 /PRNewswire/ — Chief Telecom (CHIEF), the operator of Taiwan’s largest Internet Exchange (TPIX), the world’s leading Internet Exchange AMS-IX, and HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage, today signed a Memorandum of Understanding (MOU) to provide a total business solution to their respective customers. This agreement facilitates the seamless traffic exchange between Taipei Internet Exchange (TPIX) and AMS-IX Hong Kong, so as to provide customers a one-stop shop solution, allowing them to expand their internet network resources by leveraging their extensive global connectivity network.

AMS-IX (Amsterdam Internet Exchange), located in Amsterdam, Netherlands, is one of the largest internet exchanges globally, boasting a member base of nearly a thousand. HGC is a well-known telecom operator in Asia and also serves as a partner of AMS-IX in the region.
By leveraging this strategic partnership, TPIX members can now expand their network resources and facilitate content sharing and localization, not only within Hong Kong but also across the HGC’s extensive global network with diversified routes and digital infrastructure. This connectivity empowers them to reach other AMS-IX exchanges in Asia, such as Singapore, Bangkok, and Manila, as well as globally, including Amsterdam, the Bay Area and Chicago. This seamless and reliable remote peering solution enhances the end-user experiences.
Conversely, AMS-IX Hong Kong members can enjoy additional 170 network connections and tap into the local user base in Taiwan through TPIX. This expanded connectivity and access to a new eyeball will drive more traffic exchange to both AMS-IX Hong Kong and TPIX members. The reciprocal benefits of this partnership allow the connected parties to penetrate each others’ markets and reach a broader audience base, contributing to the growth of the cross-border peering ecosystem.
Mr. Joseph Wu, Chairman of Chief Telecom, said: “Joining the global community of internet exchanges is a valuable experience and opportunity to CHIEF. In the future, we can leverage each others local customers and numerous peering members to create a synergistic effect greater than the sum of its parts. We aspire to become the digital convergence of East Asia and AI cloud application center. CHIEF acts as an important hub for major private and consortium submarine cable systems in Asia-Pacific region while TPIX is now ranked 82th of the largest IXPs globally. We eagerly anticipate that under the strategic partnership, we can accelerate up TPIX’s global ranking, increase our digital influence, and position CHIEF as a crucial strategic hub connecting Taiwan with the world.”
Mr. Daniel Wang, Assistant Vice President, Taiwan, International Business of HGC, said: “We are honoured to partner with CHIEF and AMS-IX, as this strategic cooperation aligns with our strategy to build up a robust and expansive peering ecosystem. This ecosystem will enable more peering opportunities for OTT, content providers, gaming, cloud service providers across the regions. By leveraging our global reach and digital infrastructure, we can improve Internet performance through low latency and enhance end-user experience.”
Mr. Onno Bos, International Partnership Director of AMS-IX, added: “Asia is one of the fastest-growing regions in terms of internet traffic. By expanding our connectivity network in the region, either via partnerships and opening additional exchanges, we strive to support the growth of digital transformation. In doing so, the region will benefit from more efficient, reliable and secure data exchange between different networks.”
About HGC Global Communications Limited
HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 19 overseas offices and staff presence in 31 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group’s digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia. To learn more, please visit HGC’s website at: www.hgc.com.hk 
About AMS-IX 
AMS-IX (Amsterdam Internet Exchange) is a neutral member-based association that operates multiple interconnection platforms around the world. Our leading platform in Amsterdam has been playing a crucial role at the core of the internet for 30 years and is one of the largest hubs for internet traffic in the world with over 12 Terabits per second (Tbps) of peak traffic. Connecting to AMS-IX ensures customers such as internet service providers, telecom companies and cloud providers that their global IP traffic is routed in an efficient, fast, secure, stable and cost-effective way. This allows them to offer low latency and engaging online experiences for end-users. AMS-IX interconnects more than 1000 IP-networks in the world. AMS-IX also manages the world’s first mobile peering points: the Global Roaming Exchange (GRX), the Mobile Data Exchange (MDX) and the Internetwork Packet Exchange (I-IPX) interconnection points. 
More information: www.ams-ix.net 
About Chief Telecom
Established in 1991, Chief Telecom became an affiliate of CHT in 2006, and officially listed at Taipei Exchange (TPEx) on June 5th, 2018 (TWSE: 6561). Chief Telecom is ISO 27001, ISO 27011, ISO 27017, ISO 27018 and Data Centre Operations Standard (DCOS) certified to provide its customers with the best information security shield.
With its global internet backbone, professional skills of communication integration, Chief Cloud eXchange (CCX), and TPIX –the biggest internet exchange in Taiwan, Chief Telecom is able to provide total solutions and various business models to enhance its customers’ operational effectiveness and competitive advantages. For more information, please go to https://www.chief.com.tw.
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2024 China Energy Internet Conference held in Future Science City, Beijing

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BEIJING, June 24, 2024 /PRNewswire/ — The China Energy Internet Conference was held in Future Science City, Changping district, Beijing, from June 20 to 21. It was hosted by Tsinghua University, the Administrative Committee of Beijing Future Science City, the Energy Internet Research Institute of Tsinghua University and Beijing Future Science City Group Co., Ltd.

With the theme of “AI empowering Energy Internet Innovation and Development of New Quality Productive Forces”, the conference invited academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering and other industry experts, as well as guests from energy Internet related enterprises, research institutes, financial institutions and industry associations.
The 2024 Annual Report on the Development of National Energy Internet, Construction Plan of Carbon Monitoring and Management Platform for Future Science City were officially released at the conference.
Attendees had extensive in-depth discussions and exchanges during seven sub-forums on the topics of technological innovation and engineering application of energy digitalization industry, intelligent hydrogen power, carbon neutralization of energy storage application and standardization of energy Internet.
After visiting the exhibition hall of the Future Science City, the Energy Internet Building, and the Central Research Institute of the State Power Investment Corporation, attendees gained a more comprehensive and in-depth understanding of the support policies and latest construction achievements for the industrial development planning of the Energy Valley, Future Science City.
The conference aims to build a platform for cross-border exchange of innovative resources such as universities and venture capital institutions of energy Internet-related enterprises to help China take a more solid step towards innovation and transformation in the field of energy, and to provide Chinese wisdom and solutions for the construction and development of the global energy Internet network.
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