Smart Building Market Development, Trends, Key Driven Factors, Segmentation and Forecast to 2029

 The global “Smart Building Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Smart Building Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

According to the market research report by Fortune Business Insights, smart building market was valued at USD 67.60 billion in 2021 and is projected to grow from USD 80.62 billion in 2022 to USD 328.62 billion by 2029, exhibiting a CAGR of 22.2% during the forecast period.

Read More: 

https://www.fortunebusinessinsights.com/industry-reports/smart-building-market-101198

List of the Key Companies Profiled:

  • Cisco Systems, Inc. (U.S.)
  • Siemens AG (Germany)
  • ABB Ltd. (Switzerland)
  • Schneider Electric SE (France)
  • Endeavor Business Media (U.S.)
  • IBM Corporation (U.S.)
  • Legrand SA (U.S.)
  • Honeywell International Inc. (U.S.)
  • Johnson Controls Inc. (U.S.)
  • Hitachi, Ltd. (U.S.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Smart Building Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Smart Building Market within the estimated period. Smart Building Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Smart Building Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

 

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Email:sales@fortunebusinessinsights.com

 

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