While the concept of smart buildings has taken hold in a number of industries, perhaps nowhere is the technology’s rise and promise as pronounced as the health care sector.
According to research from IHS Markit|Technology, global demand for connected equipment in the healthcare sector is forecast to increase at a rate almost 2 percentage points higher than the market average for the overall smart building market, with a 13.9% compound annual growth rate (CAGR) between 2018 and 2023.
The firm projects healthcare to increase at a faster rate than the commercial sector in terms of smart building revenue, which is set to grow at a 12.6% CAGR over the same period.
