The growing adoption of IoT-enabled technology is paving the way for new building management systems, increased awareness of space utilization, and energy[1]efficient systems.
According to research by fortunebusinessinsights. com, the global smart building market was valued at $67.60 billion in 2021 and is expected to reach $328.62 billion by 2029, registering a CAGR of 22.2 percent during the forecast period.
This prolific growth can be attributed to the increasing demand for utilizing smart technologies to improve sanitization, ventilation, entry control, temperature regulation, and space optimization.
In addition to IoT-based solutions, building managers are also keen on implementing AI and machine learning solutions to secure their premises and moderate visitor entry. Facial authentication solutions help modernize and enhance security at all entry points, preventing security breaches, documenting entrants, and protecting occupants.
Modern grid-interactive efficient buildings combines energy efficiency with demand flexibility, allowing building managers to reduce costs while making buildings safer, cleaner, and more sustainable. In addition, activity and temperature sensors automatically adjust conditions to account for shifting usage standards, providing occupants with optimal living and working conditions.
This edition of Construction Tech Review delivers a bird’s-eye view of the recent developments in the intelligent building arena and insights into how building owners are aligning with these trends and adopting new ways to shape the future of smart construction.
We have curated thought leadership articles from industry experts, including the Director of Industry and Community Affairs at Clayton and the Head of Innovation at Sonae Sierra.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative, intelligent building services and solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Ctrl Building and TDIndustries, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Construction Tech Review’s intelligent building services and solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
