Gianna Strickland. Smart Home. September 03rd , 2018.
The global market for smart home automation is anticipated to witness impressive growth in the forthcoming years. Remote control living and high demand for automation will remain the major baits for the users opting for the advanced products available in the market. Rising disposable income and awareness regarding the innovations taking place in the world of technology can create major business opportunities for the top market players like Honeywell International Inc.; Lutron Electronics Co., Inc.; Legrand SA; Schneider Electric; and others. High demand for heating, ventilation, and air conditioning (HVAC) systems, smart kitchen, smart security, and energy management can propel the demand for the global market in near future.
Hackers can already breach camera systems, smart TVs and baby monitors. It may not seem like much of a threat, but it has led to nude images of innocent people being leaked online. Smart meters in Spain have fallen victim to electricity blackouts and billing fraud. One woman found that she had the ability to control all the utilities in the houses of eight strangers, opening them up to poltergeist-like activity and break-ins. Luckily, she decided to alert the company and the device owners to the security problems instead.
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