Global Smart Building Market Trends

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Global Smart Building Market Size, Share, and Trends Analysis Report Trends

  • ICT
  • Nov 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Rising Integration of Internet of Things (IoT) Technology into Building Management Systems

The smart building market has experienced significant growth due to the increasing demand for energy efficiency, sustainability, and enhanced building automation systems. One key trend driving this expansion is the integration of Internet of Things (IoT) technology into building management systems (BMS). IoT-enabled devices, such as smart sensors, smart meters, and connected HVAC systems, help optimize energy consumption, reduce operational costs, and improve overall occupant comfort. For instance, advanced systems such as Johnson Controls' Metasys BMS leverage IoT to provide real-time data for more effective management of lighting, heating, and cooling. This interconnected approach allows for predictive maintenance and seamless control, enhancing the building’s operational efficiency. Additionally, with the rise in smart cities and green building certifications, such as LEED, the market continues to evolve. By incorporating smart technology, buildings can not only reduce their environmental impact but also create safer and more comfortable spaces for their occupants, thus driving continued market growth and innovation.