Industries

The global smart homes market is projected to reach $405.94 billion by 2030 at a compound annual growth rate of 9.3% from 2024, fueled by demand for convenience, energy efficiency, security, and comfort, alongside rising disposable incomes, urbanization, and the proliferation of IoT-enabled devices. Falling prices and simplified DIY installation ar...

The global facility management (FM) market is undergoing significant transformation influenced by megatrends as well as socioeconomic, environmental, and technological factors. Artificial intelligence (AI), the Internet of Things (IoT), and smart technologies are some of the innovations redefining FM services by enabling predictive maintenance, ene...

19 Aug 2025  |  Global  |  Market Research

Building Construction Market, Global, 2025–2030

Building Construction is Experiencing Transformational Growth Due to Sustainability Practices and Digital Solutions Amidst Geopolitical Tensions

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The global building construction market is undergoing a significant transformation, with a shift in focus to sustainability and green building practices that prioritize eco-friendly approaches and energy efficiency throughout the value chain. Several new and advanced buildings now incorporate renewable energy and adopt sustainable strategies, such ...

08 Aug 2025  |  Global  |  Market Research

VRF System Growth Opportunities, Global, 2025–2030

Personalized Comfort, Multi-zone Control, and Sustainable Efficiency are Revolutionizing VRF

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The variable refrigerant flow (VRF) market is led by major global players that focus on product innovation with expansion and distribution network enhancement strategies. They support the overall advancement of heating, ventilation, and air conditioning (HVAC) system in buildings. Companies must provide a combination of predictive maintenance servi...

The smart buildings industry is growing rapidly, spurred by technology advancements and the rising need for energy efficiency and sustainability. Building automation systems (BAS) are increasingly integrated with HVAC, lighting, and security systems with centralized platforms to maximize building performance and minimize energy use. This transforma...

30 Jul 2025  |  Global  |  Market Research

Facility Management Market, Global, 2024–2030

Technology, Sustainability, Workplace Optimization, and User Experience Drive Transformational Growth

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The facility management (FM) sector is experiencing a major transformation due to external forces, changing customer demands, and internal constraints. Geopolitical instability, such as inflation, economic uncertainty, and global conflicts, have disrupted supply chains and raised the cost of operations. Although inflation has increased revenue, it ...

23 Jul 2025  |  Asia Pacific  |  Market Research

Facility Management Industry, Southeast Asia, 2025–2030

Demand for Outsourcing and Value-added Services Driving Transformational Growth Due to Evolving Customer Needs and Technology-enabled Solutions

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The steady growth of the Southeast Asian facility management (FM) market is primarily driven by robust growth in developing markets in the region, offset by a lower growth rate in the mature Singapore market. The growing outsourcing culture, bolstered by asset base expansion, evolving FM needs, greater acceptance of technologies, and the sustainabi...

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 maintained its growth momentum in 2024, recording a 6.9% expansion despite ongoing economic and geopolitical uncertainties. In 2025, the industry is projected to grow within a range of 4.3% to 8.6%, driven by increasing demand for property technology solutions, smart home solutions, sustainable climate control syste...