Smart Building Market Size, Share, Demand and Opportunities by 2025
According to IMARC Group’s latest report, titled “ Smart Building Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global smart building market witnessed strong growth during 2014-2019. Looking forward, IMARC Group expects the global market has huge potential for growth during 2020-2025. A smart building is an integration of various automated processes from heating, ventilation, and air conditioning to security and lighting. It primarily includes HVAC systems, security devices, occupancy sensors, water management devices, advanced lighting controls, parking assistance systems, etc. Smart buildings offer enhanced security, real-time monitoring, optimum space utilization, and reduce energy consumption. As a result, smart buildings are widely adopted across diverse sectors, including residential, healthcare, hospitality, retail, etc. Rapid urbanization, coupled with the increasing demand for energy-efficient buildings, is primarily driving th...