Smart Building Market Research Report
The GMI Research forecasts that the smart building market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising adoption of the Internet of Things (IoT), which enabled the usage of building management system and the increasing awareness of space utilization globally. Introduction of the Smart Building Market: Smart Building is any structure that uses automated processes for the management of several operations of the building, such as security, air conditioning, heating, ventilation, lighting, and other systems as per the changing conditions. A smart building is particularly designed to make human lives simple by using smart and complex technology. It uses information technology during the operation process to connect to multiple subsystems to share and collect data information for improving the building's performance. The core systems are interconnected for reducing energy consumption, improves efficiency, and enhances safety & co...