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#News(General) [ via IoTGroup ]
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Smart Building Market worth $105.8 billion by 2024
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According to a research report “Smart Building Market by Component (Solution,Services), Solution (Security, Emergency Management Energy Management), Services, Building Type (Commercial, Industrial), Region (North America, Europe, APAC, MEA, Latin America) – Global Forecast to 2024″, published by MarketsandMarkets, The Smart Building market size is expected to grow from USD 60.7 billion in 2019 to USD 105.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.
The major drivers for the Smart building include Rising adoption of IoT-enabled building management system, raising awareness of space utilization increased industry standards and regulations
Browse 126 market data Tables and 36 Figures spread through 156 Pages and in-depth TOC on “Smart Building Market by Component (Solution,Services), Solution (Security, Emergency Management Energy Management), Services, Building Type (Commercial, Industrial), Region (North America, Europe, APAC, MEA, Latin America) – Global Forecast to 2024”
The Security and Emergency Management solution in the solution type segment is expected to lead the Smart building market in 2019.
North America to lead the Smart building market during the forecast period.
The growth of the market in North America can be attributed to the region has witnessed the emergence of latest smart building solutions that leverage new technologies, such as IoT, big data, cloud computing, data analytics, deep learning, and artificial intelligence, for saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards
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AutoTextExtraction by Working BoT using SmartNews 1.02976805238 Build 26 Aug 2019
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