Smart city refers to a concept that arises when technology and data analysis are integrated to optimize resource management, drive economic growth and increase quality of life for the people in urban areas. Meanwhile, the smart home concept is also similar to this, only it is executed at a household level.
In this article, we will discuss the growing demand for smart appliances and how you can take advantage of this trend with Crea8.
According to a report by Frost and Sullivan, global spending on smart city projects by public and private organisations is expected to grow to from USD 600 billion in 2019 to over USD 1.5 trillion in 2025 (Jawad, Nalcioglu and Vaninetti 2019).
Meanwhile, spending on smart home technology is also set to grow from from USD 55 billion
in 2020 to USD 405 billion by 2030 (Menon and Dobberstein 2017).
The market for smart city and smart home applications is set to explode over the coming years. Companies within these sectors are thus set to see above average earnings. Consequently, portfolios invested in these companies would likely outperform the general market
Through Crea8’s Factor Based Thematic Investing Service, you get the opportunity to invest in the “Smart City and Smart Home” trend.
Jawad, Iain, Melih Nalcioglu, and Livio Vaninetti. 2019. “Smart Cities”. Ww2.Frost.Com. https://ww2.frost.com/wp-content/uploads/2019/01/SmartCities.pdf.
Menon, Naveen, and Nikolai Dobberstein. 2017. “The Battle For The Smart Home”. Kearney.Com. https://www.kearney.com/communications-media-technology/article/?/a/the-battle-for-the-smart-home-article.
