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Markets and Markets

Smart Building Market will surpass $31.74 Billion by 2022 from 2017 At a CAGR of 33.7%

(PresseBox) (Magarpatta, Hadapsar, Pune, )
According to recent market research report on "Smart Building Market by Type (Building Automation Software, Services), Building Type (Intelligent Security System, Building Energy Management System, Infrastructure Management, and Network Management System), and Region - Global Forecast to 2022", The smart building market is expected to grow from an estimated USD 7.42 Billion in 2017 to USD 31.74 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.7% from 2017 to 2022.

The market is primarily driven by the growing demand for integrated security and safety systems and increasing government initiatives for smart building projects.

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