CHICAGO, Feb. 25, 2022 /PRNewswire/ According to a research report "Smart Buildings Market by Component (Solution (Safety and Security Management, Building Infrastructure Management, Network
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Smart Building report consists of basic, secondary and advanced information associated with the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2020 – 2027. The report is prepared by taking into consideration the client’s requirements with respect to the market type, size of the organization, accessibility on-premises and the end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Smart Building market report supports in adjusting the production depending on the conditions of demand in the market which avoids the wastage of goods.
Smart Buildings Market projected to reach $108 9 billion by 2025, with a remarkable CAGR of 10 5% sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Smart Buildings Market worth $108.9 billion by 2025 - Exclusive Report by MarketsandMarkets Smart Buildings Market by Component (Solution (Safety and Security Management, Energy Management, Building Infrastructure Management, Network Management, IWMS), Services), Building Type (Residential, Commercial, Industrial), Region - Global Forecast to 2025 , published by MarketsandMarkets, the Smart Buildings Market size is expected to grow from USD 66.3 billion in 2020 to USD 108.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period.
The major drivers for the Smart building include the rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increase demand for energy-efficient system.