Global Smart Building (Safety, Security, Energy) Market Report 2023-2030: Optimizing Energy and Efficiency are the Driving Forces Behind Increased Deployments
Governments of various countries are taking supportive initiatives for digitalization, and significantly launching projects of smart cities is propelling the market growth.
- Governments of various countries are taking supportive initiatives for digitalization, and significantly launching projects of smart cities is propelling the market growth.
- Furthermore, the growing need among the commercial sector to optimize energy consumption, enhance operational efficiency, and automate processes has escalated the market growth.
- The market for smart buildings is growing primarily as a result of the quickening pace of technological advancement.
- For instance, in March 2023, ABB launched a new smart building management tool that allows emission reduction and significant energy savings.