According to the LexisNexis white paper, home water leaks waste more than one trillion gallons of water annually nationwide. (Photo: Shutterstock)
From Nest thermostats to internet-connected kitchen appliances, smart home technologies have experienced a wave of innovation and adoption in recent years. Consider how the smart home device market has grown from $15 million in annual revenue in 2017 to more than $23 million in 2019, according to Statista data. Statista also projects that the U.S. market will reach $41 million in revenue by 2023, with 46% of households expected to have at least one smart home device.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
