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Share this article Share this article NEW YORK, May 5, 2021 /PRNewswire/ The smart buildings market is expected to grow by USD 19.17 billion, progressing at a CAGR of almost 13% during the forecast period. Technavio has announced its latest market research report titled Smart Buildings Market by Product, Solution, and Geography - Forecast and Analysis 2020-2024 The growing need for building automation is one of the major factors propelling market growth. However, factors the high switching and installation costs will hamper the market growth. More details: Smart Buildings Market: Product Landscape Based on the product, the BMS segment witnesses maximum growth in 2019. The BMS is driven by factors such as the increasing industrial development, commercialization, and awareness of the effective use of energy and building optimization. The rapid rise in technological innovations will further increase the adoption of BMS as the systems can deploy Io ....
The growing number of employed people boosts investments in banking, realty, telecommunication, retail, and education sectors. Moreover, there is a rise in investments in the healthcare, hospitality, and infrastructure sectors in tourist destinations such as the UAE, Saudi Arabia, and Israel. Furthermore, the steel building market growth in the MEA can also be attributed to the rapid investment in the services and tourism sectors. These factors result in an increased demand for structural steel for PreEngineered buildings (PEB) and steel structures in residential, commercial, and industrial sectors, driving the steel building market growth. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. ....
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Share this article Share this article ResearchAndMarkets.com s offering. This research evaluates smart building technologies, players, and solutions. The report analyzes smart buildings challenges and opportunities, assesses market potential, and provides accompanying smart buildings market sizing, globally as well as regionally, and by market segment for 2021-2026. It includes an analysis of technologies supporting smartbuilding automation, IWMS, and smart workplace applications and services. Smartbuilding technology integration areas addressed within the report include 5G, AI, data analytics, and edge computing. This research also evaluates the smart cities market including leading vendors and strategies (such as a single vs. multi-vendor centric approach), infrastructure, solutions, applications, and services. The report analyzes market factors driving solution adoption, technology readiness and fitness for use, and other considerations. ....