ICICI Prudential Nifty PSU Bank ETF

(PSUBNKIETF)

The smart home industry is growing rapidly, with global Technavio predicting that it will reach an impressive $53.45 billion by 2022. Smart home products, such as security systems, lighting solutions, entertainment systems, and HVAC systems are increasingly being utilized by customers who want to provide their homes with a solution that runs smoothly while saving time and money. Companies such as Bosch, Nest, and ADT are leading the way with their innovative and comprehensive connected home solutions; allowing customers to connect their products to Wi-Fi and provide remote monitoring and control. Companies such as Haier are also beginning to focus on new natural language processing capabilities to build smart home arbitrators for cutting-edge voice technology, proving that automation benefits are wide-ranging and poised to grow in the years to come.

The smart home industry is on the rise and set to reach a value of $53.45 billion by 2022, according to global Technavio. Homeowners are investing in solutions such as security systems, lighting solutions, entertainment systems, and HVAC systems, providing greater convenience, efficiency, and savings. Leading companies such as Bosch, Nest, and ADT are providing comprehensive solutions that connect products to Wi-Fi and enable remote monitoring and control. Innovative companies such as Haier are turning to natural language processing capabilities and voice technology to build smart home arbitrators for even more automation options. With the market predicted to see tremendous growth in the coming years, the smart home industry is only getting smarter.

Owner: ICICI Prudential Mutual Fund
Ticker: PSUBNKIETF
Price: ₹72.11 per unit as on 06 Dec, 2024 04:01 PM
Asset Under Management AUM: ₹84.34Cr as of today
Expense Ratio: 0.40% as of today