Smart Building Market Is Projected To Grow Robustly By 2030
Smart Building Market Summary The global smart building market size was estimated at USD 126.58 billion in 2024 and is projected to reach USD 571.28 billion by 2030, growing at a CAGR of 30.4% from 2025 to 2030. This exceptional growth trajectory is primarily driven by the increasing adoption of IoT-enabled building management systems that allow centralized control of lighting, HVAC, security, and energy usage. Rising demand for energy efficiency, coupled with heightened awareness of sustainability and carbon reduction goals, is encouraging building owners and operators to invest in intelligent infrastructure across residential, commercial, and industrial properties. Additionally, rapid technological advancements in automation, data analytics, and AI-driven energy management solutions are enabling predictive maintenance, real-time performance monitoring, and optimized climate control within buildings. These capabilities help reduce operational costs, minimize downtime...