Smart Home Platforms Market Projected To Reach USD 60.2 Billion By 2028
San Francisco, 20 Oct 2022: The Report Smart Home Platforms Market Size, Share & Trends Analysis Report By Type (IoT Platform for Smart Appliances, IoT Platform for Security & Surveillance Systems), By Region, And Segment Forecasts, 2022 - 2028 The global smart home platforms market size is expected to reach USD 60.2 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 16.9% from 2022 to 2028. Improved experience gained by the users owing to the integration of smart home platforms is the key factor fueling the growth of the market. In addition, the use of smart home platforms allows remote control, thereby further driving the market. Concerns related to the security breach and unauthorized access to personal information and connected device of users is the major restraint for the market. Most of the key players operating in the market are adopting strategies such as adding new features to the platform, along with the