Palm Beach, Fla., Sept. 6, 2023  FinancialNewsMedia.com News Commentary 

/PRNewswire/ -- The smart homes market has been growing in recent years and is projected to continue for years to come. Smart homes are designed to automate various household appliances and electronics using an in-built monitoring system, thereby offering convenience, safety, efficiency, and security to the residents. The single interface system can monitor and control lighting, security, temperature, and audio/video systems. Security is a major focus of smart homes, and advanced security systems can notify homeowners of intrusions and provide room-by-room surveillance even when they are away. Access control systems play a crucial role in ensuring the security of residential areas. As a result of their high efficiency and sophistication, home automation and control systems are being increasingly used in smart homes to enhance security.  According to a report from MarketsAndMarkets the Global Smart Home Market report size is projected to grow from USD 101.7 billion in 2023 and is anticipated to USD 163.7 billion by 2028; growing at compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.  The report said: "The importance of home monitoring in remote locations, and growing need for energy-saving and low carbon emission-oriented solutions are responsible to drive market growth during the forecast period. Factors such as integration of power line communication technology in smart homes provides market growth opportunities for smart home industry.   Active companies in the markets this week include: SKYX Platforms Corp. (NASDAQ: SKYX), Resideo Technologies, Inc. (NYSE: REZI), ADT Inc. (NYSE: ADT), Johnson Controls International plc (NYSE: JCI), Cisco Systems, Inc. (NASDAQ: CSCO).