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Market Analysis Market Research Future (MRFR) expects the global Smart Building Market to reach USD 25,725.0 million at a 17.44% CAGR from 2018 to 2025 (forecast period). A smart building uses sensors, microchips, and actuators to control and regulate air conditioning, ventilation, lighting, heating, and other systems. It leverages integrated and advanced building technologies, including advanced telecommunications systems, building automation, facility management, and fire safety equipment, to enhance comfort, safety, and occupant productivity. Building systems can be operated automatically according to environmental conditions, preset & variable schedules, and emergencies. Energy efficiency remains at the forefront of trends in IoT smart building. IoT has a major impact on the Commercial Real Estate (CRE) industry due to a growth in the efficiency of building operations, better tenant relationships, and new revenue generation opportunities. IoT-enabled BMS is installed and use

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