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Rising energy costs and growing environmental concerns are leading to an increase in the demand for energy-efficient solutions for buildings. Smart thermostats provide a convenient and effective way to reduce energy consumption and save money on heating and cooling bills. Consumer demand to automate and control home environments is making smart the...

This research study delves into digital building lifecycle management with a top-level analysis of near-future trends that will influence and drive its growth in 2024. Digital construction management is undergoing a multifaceted technological evolution and is expected to exhibit accelerated growth in 2024. Emerging innovators challenge established ...

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...

In the ever-evolving landscape of workplace dynamics, Frost & Sullivan is witnessing a profound industry convergence marked by collaborative efforts among key stakeholders. Asset owners, real estate companies, and workspace operators are coming together to shape the future work environment. Simultaneously, the industry is experiencing heightened co...

In this study, Frost & Sullivan segments building technologies and services into building automation systems (BASs) and facility management (FM). Frost & Sullivan discusses examples of business models and how they support the building industry, specifically the BAS and FM markets. The study provides forecast and analysis of BAS and FM markets a...

The rising population is driving global water demand and putting significant pressure on the global water supply chain. The United Nations estimates that half of the global population will face water shortages by 2025, and the situation is expected to intensify and lead to 700 million people facing displacement by 2030 due to water shortages. Desal...

Droughts, heat waves, and inadequate rainfall have caused water stress worldwide. This has led governments and utility companies to regulate water supply for industries and domestic needs to improve water availability. As such, end customers are transitioning from conventional, centralized W&WWT systems to sustainable, decentralized solutions to di...

Latin America faces several waste management problems, with recycling rates that do not exceed 10%, a large number of open-air dumps, high levels of informality in the workplace, and more than 40% of incorrectly managed waste. Finding a solution to this problem is imperative due to new transformative Mega Trends, such as sustainability and the circ...

The North American FM market has the highest maturity compared to other regions. The United States is the world’s biggest FM market in outsourced FM revenues. Mature end users and participants and attractive opportunities from sizable end-user sectors (e.g., commercial, public) have contributed to the outsourcing culture and the substantial market....