New York, April 18, 2023 (GLOBE NEWSWIRE) — In 2022, the global smart buildings market accounted for USD 72.8 billion and is expected to reach USD 304.3 billion in 2032, this market is estimated to register a CAGR of 15.8% between 2023 to 2032. The global smart building market for buildings that use advanced technologies like the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), to improve their energy efficiency, security, comfort, and operational efficiency. This market has three types of buildings residential, commercial, and industrial. Inside this market have various systems like lighting, HVAC, security, and energy management.

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