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Smart building solutions encompass the integrated suite of hardware, software, and digital services that enable the automation, optimization, and intelligent management of commercial, educational, healthcare, industrial, datacenters and other buildings.The scope includes: Hardware: Automation controllers, edge and IoT gateways.Software: Cloud-based...

The global building construction market saw a decline in output in 2020 due to the COVID-19 pandemic. However, following the reopening of economic activities in 2021, market recovery in many countries resulted in an extraordinary growth of 14.7% that year. The market will register a CAGR of 5.8% from 2022 to 2028. Three major strategic imperatives...

The COVID-19 pandemic has accelerated the need to automate buildings, presenting opportunities to increase digitalization and underscoring the need to decrease energy consumption in buildings. This has resulted in a spurt in demand for smart building management solutions. The Internet of Things (IoT), artificial intelligence (AI), and cloud technol...

Frost & Sullivan defines a smart building as one equipped with networked devices that help provide a safe, productive, and comfortable environment for its occupants while optimizing operational and energy performance. Smart building industry participants, including leading, emerging, and start-up companies, innovate to achieve building decarbonizat...

12 Sep 2023  |  Global  |  Technology Research

Growth Opportunities and Impact of Sensors and Digital Technologies on Building Automation

The Need to Improve Indoor Air Quality, Occupancy Sensing, and AI and Digital Twin are Driving Building Automation Market Growth.

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Building automation is increasingly relying on sensor technologies and digital services. Buildings use sensors to gather information based on a range of operational and environmental factors, including temperature, humidity, light levels, occupancy, and energy. The information can be utilized to improve building performance in a variety of ways, in...

In 2026, the smart buildings sector is accelerating rapidly, propelled by the convergence of AI agents, IoT sensors, and cloud-based platforms that tackle the longstanding 25%–35% efficiency gap in commercial properties while introducing personalized, conversational interfaces to elevate tenant satisfaction and technician efficiency. Autonomous edg...

13 Jan 2025  |  Global  |  Market Outlook

Top 5 Growth Opportunities in Smart Buildings, 2025

Decarbonization, Electrification, and Digitalization to Drive Efficiency, Safety, and Comfort in Smart Buildings

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The smart building market is poised for robust growth driven by several key opportunities focusing on innovation, sustainability, and security. Transformative technologies such as AI, IoT, and advanced analytics enable the development of next-generation buildings that are smarter, more adaptive, and energy-efficient. Sustainable climate-smart solut...

05 Jun 2025  |  Global  |  Frost Radar

Frost Radar™: Smart Building Sensors, 2025

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

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The IoT-enabled smart building sensors market is poised for accelerated growth, driven by transformative technologies, sustainability imperatives, and data-driven automation. Emerging companies are leveraging AI, machine learning, and IoT to develop next-generation smart building sensors that enhance operational efficiency, predictive maintenance, ...

The homes and buildings industry recorded a robust 8.6% growth in 2022, driven by demand for facility management services, smart home devices, customer experience platforms, and construction management solutions. Increasing adoption of internet of things (IoT) and artificial intelligence (AI)-driven smart building solutions also contributed to the ...