Intelligent Building Market Key Segments and Benefits to 2024

The global intelligent building market was valued at $ 12,371 million in 2017, and is projected to reach $ 42,649 million by 2024, growing at a CAGR of 19.6% from 2018 to 2024.The rise in need for the energy efficient interventions in infrastructure industry, increased market for Building automation and control system, and growth in penetration of Internet of Things (IoT) in the building management system are some of the major factors that propel the growth of the intelligent building market. In addition, rise in the development of smart city projects across the globe is expected to provide promising opportunities for intelligent building market.

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