+44 (0)20 7454
Send a Release
News in Focus
Business & Money
Science & Tech
Lifestyle & Health
Policy & Public Interest
People & Culture
Smart Buildings Market worth
$108.9 billion by 2025 -
Exclusive Report by
NEWS PROVIDED BY
06 Jan, 2021, 15:00 GMT
SHARE THIS ARTICLE
CHICAGO, Jan. 6, 2021 /PRNewswire/ -- According to market research report on "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-
Browse in-depth TOC on "Smart Buildings Market"
235 – Tables
60 – Figures
249 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1169
The safety and security management solution in the solution type segment is expected to lead the Smart Buildings
Market in 2020.
The safety and security the prime concern for most of the buildings be they residential or commercial. Access control
and video surveillance systems help to track every activity across a facility. This helps to detect intruders and keep the
environment safe. Rising deployment of advanced access control systems, video surveillance systems, and Fre and life
safety systems to safeguard the occupant and assets is contributing to the high market share if this segment.
Industrial building segment is expected to grow with t