Smart Building Market to Quadruple by 2022
The global smart building market is projected to grow from an estimated $US7.42 billion in 2017 to $US31.74 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.7%, according to a new market report. A growing need for integrated security and safety systems and decreasing operational costs are some of the major factors driving the market.