According to MarketsandMarkets™, the Smart Buildings market size is expected 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% during the forecast period. The major drivers for the Smart building include the rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increase demand for energy-efficient system.

Source: https://www.globenewswire.com/en/news-release/2022/11/11/2554257/0/en/Smart-Buildings-Market-Size-Valued-to-Hit-121-6-Billion-By-2026-Report-by-MarketsandMarkets.html