Rising IOT Adoption Drives Smart Non-Residential Building Market Growth: Pivotal Factor Influencing Smart Buildings (Nonresidential Buildings) Market Growth in 2025

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Smart Buildings (Nonresidential Buildings) Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market size for smart buildings, specifically nonresidential buildings, has seen a rapid expansion in recent years. Projected growth stretches from $69.94 billion in 2024 to $77.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.1%. This significant growth during the historical period is due to a robust economic surge in developing markets, a low-interest rate scenario, improved internet accessibility, supportive government strategies, and significant advances in technology._x000D_
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How Will the Smart Buildings (Nonresidential Buildings) Market Size Evolve and Grow by 2029?_x000D_
The market for smart buildings, specifically nonresidential buildings, is poised for rapid expansion over the next few years. By 2029, it is expected to reach a size of $125.7 billion, growing at a compound annual growth rate (CAGR) of 12.8%. The growth is largely anticipated due to factors such as urbanization, the rise of IoT in developing smart cities, and increased demand. Noteworthy trends in this period encompass the integration of artificial intelligence and robotics in construction activities, the implementation of predictive analytics to enhance risk assessments and lower production expenses, employing IoT technology to boost operational efficiency, investment in security measures to protect consumers, and the usage of smart switches and screens to provide a smooth user experience. There is also an emphasis on green construction and energy-saving techniques to create environment-friendly smart nonresidential buildings, the incorporation of living or green roofs to increase the effectiveness of the green buildings, and the installation of low-emittance windows or smart glasses for better functioning of green commercial spaces._x000D_
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What Drivers Are Propelling the Growth of Smart Buildings (Nonresidential Buildings) Market Forward?_x000D_
The increasing desire to automate tasks utilizing IoT (Internet of Things) devices is propelling the growth of the smart building (non-residential) market. In a smart building, the transmission and reception of data occur through a network of sensors, appliances, meters, and other equipment connected to IoT. The efficiency of appliances in the building is amplified due to the use of these IoT-enabled devices and sensors, making the building more efficient, sustainable, and safe. To illustrate, some IoT sensors can autonomously control the lighting, detect presence in a room, lending a unique feature to the smart building. Therefore, this increased acceptance of IoT technology is energizing the smart building market's advancement. According to forecasts, the volume of connected devices deployed in the commercial smart building sector will grow from 1.7 billion in 2020 to nearly 3 billion by 2025, which implies a 10.8% CAGR. Consequently, the growing implementation of IoT devices in smart buildings is accelerating the expansion of the smart building (non-residential) market._x000D_
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What Are the Key Trends Driving Smart Buildings (Nonresidential Buildings) Market Growth?_x000D_
The current rise in smart building (non-residential) market is largely due to the advancement of 5G technology. The forthcoming cellular technology significantly decreases the communication time between devices on a wireless network. The incorporation of 5G in smart buildings is projected to substantially increase the functionality of wireless edge devices and provide enriched multimedia experiences. Moreover, 5G technology will bolster security applications for commercial establishments. In the case of smart hospital structures, 5G is anticipated to enhance navigational capabilities, facilitating mobility for smart wheelchairs and beds for patients who can't move. Telecom operators are predicted to channel more than $600 billion towards their 5G networks from 2022-2025. Factories are engaged in creating advanced antenna system radios to expedite 5G deployments. The adoption of 5G is forecasted to positively impact connectivity in smart buildings, hence creating a trend that invites substantial capital investment from leading players in the smart building (non-residential) market._x000D_
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What Are the Key Segments in the Smart Buildings (Nonresidential Buildings) Market?_x000D_
The smart buildings (nonresidential buildings) market covered in this report is segmented -_x000D_
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1) By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System _x000D_
2) By Product Type: Institutional Buildings, Commercial Buildings_x000D_
3) By Type: New Constructions, Remodeling Projects_x000D_
4) By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial facilities, Other Applications_x000D_
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Subsegments:_x000D_
1) By Intelligent Security System: Access Control Systems, Video Surveillance Systems, Intrusion Detection Systems _x000D_
2) By Building Energy Management System (BEMS): HVAC Control Systems, Lighting Control Systems, Energy Monitoring and Optimization Tools _x000D_
3) By Infrastructure Management System: Facility Management Software, Asset Tracking and Management Tools, Maintenance Management Systems _x000D_
4) By Network Management System: Network Monitoring and Performance Management, Data Center Management Tools, Cloud-Based Management Solutions _x000D_
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Who Are the Key Players Shaping the Smart Buildings (Nonresidential Buildings) Market's Competitive Landscape?_x000D_
Major companies operating in the smart buildings (nonresidential buildings) market include China State Construction Engineering Co., Ltd., VINCI, Bechtel Corporation, Skanska AB, Turner Construction Company, Jacobs Engineering Group Inc., The Whiting-Turner Contracting Company, PCL Construction, AECOM, BESIX Group, Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction Company, GVK Group, Kajima Corporation, Shimizu Corporation, Shanghai Intelligent Building Technology (SIBT), Obayashi Corporation, Taisei Corporation, Balfour Beatty, Bouygues, Royal BAM Group, Laing O`Rourke, ACS Group, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Gilbane Building Company, Empresas ICA SAB de CV, Carso Infraestructura y Construcción S.A.B., Clark Group, Swinerton, Hensel Phelps, Lendlease, Arabian Construction Company, WBHO Construction (Pty) Ltd., Stefanutti Stocks (Pty) Ltd, WK construction, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio _x000D_
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What Geographic Markets Are Powering Growth in the Smart Buildings (Nonresidential Buildings) Market?_x000D_
Asia-Pacific was the largest region in the smart buildings (non-residential buildings) market in 2024. South America is expected to be the fastest-growing region in the global smart buildings (nonresidential buildings) market during the forecast period. The regions covered in the smart buildings (nonresidential buildings) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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