Smart Buildings Market size to grow by USD 46.12 billion from 2022 to 2027 | An emerging trend in the smart buildings market is the growing concept of BIoT - Technavio
Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market.
- Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market.
- Ltd., Verdigris Technologies Inc., Panasonic Holdings Corp., and International Business Machines Corp. are among some of the major market participants.
- The growing need for building automation to enhance business outcomes is a major factor driving the smart buildings market growth.
- A key challenge that impedes the market growth of smart buildings is the high switching and installation cost.