The global Smart Buildings market size to grow from USD 72.6 billion in 2021 to USD 121.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.9 % – QNT Press Release

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New York, March 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Smart Buildings Market by Component, Building Type And Region – Global Forecast to 2026” – https://www.reportlinker.com/p05083038/?utm_source=GNW
With a steady decline in space consumption, technologies such as IoT-enabled devices and cognitive computing can collect data and keep track of space utilization throughout the day. The use of smart building technologies would aid in optimizing space planning and utilization and enhancing the energy efficiency of workspaces.
In a short time, the COVID-19 outbreak has affected markets and customer behaviors and substantially impacted economies and societies. Healthcare, telecommunication, media and entertainment, utilities, and government verticals function day and night to stabilize conditions and facilitate prerequisite services to every individual .

The telecom sector, in particular, is playing a vital role across the globe to support the digital infrastructure of countries amid the COVID-19 pandemic.
According to Fujitsu’s Global Digital Transformation Survey, offline organizations were damaged more, while online organizations witnessed growth in online demand and an increase in revenue. 69% of the business leaders from online organizations have indicated that they witnessed an increase in their business revenue in 2020 . In contrast, 53% of offline organizations saw a drop in revenues.

The support and maintenance Service segment to have a higher CAGR during the forecast period
Support and maintenance services are generally subscription-based services through which customers receive access to updates and technical support for the products they license from a company. Support and maintenance services are responsible for the periodic maintenance of various smart building components to make them functional, and support services offer support to implement smart building solutions with ease.

Vendors…

Full story available on Benzinga.com

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