Global AI In Smart Buildings And Infrastructure Market Expected to Achieve 21.3% CAGR by 2029: Growth Forecast Insights

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How Large Will the AI In Smart Buildings And Infrastructure Market Size By 2025?
Recent years have seen a sharp increase in the market size of AI in smart buildings and infrastructure. The market is projected to expand from $29.52 billion in 2024 to $35.78 billion in 2025, with a CAGR of 21.2%. Factors contributing to this historic growth include the heightened necessity for superior building utilization, growing public safety and security demands, the climb in adoption of smart building solutions due to the COVID-19 pandemic, a surge in need for enhanced indoor air quality (IAQ) for health and overall well-being, and an increased use of IoT and automation in building management.

How Big Is the AI In Smart Buildings And Infrastructure Market Size Expected to Grow by 2029?
Expectations are high for substantial expansion in the AI in smart buildings and infrastructure market over the coming years. By 2029, it is projected to reach $77.47 billion, boasting a compound annual growth rate (CAGR) of 21.3%. This predicted growth during the forecasted period is due to factors such as the increased requirement for better asset dependability, performance, and optimal space usage. Additionally, the enhancement of AI and IoT applications in smart buildings, the growing demand for smart infrastructure in commercial and residential properties, government initiatives, and the emerging market trends in digital transformation contribute to this growth. The need for energy-efficient buildings is also on the rise. The forecast period is also likely to see trends such as technological innovations, the incorporation of machine learning, natural language processing, computer vision, and AI predictive maintenance.

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Which Key Market Drivers Powering AI In Smart Buildings And Infrastructure Market Expansion and Growth?
The surge in the need for energy-conserving and eco-friendly building methods is anticipated to fuel the expansion of the AI in smart buildings and infrastructure market. These energy-conserving and eco-friendly solutions are about the development and deployment of systems that diminish energy use, lessen ecological impact, and endorse lasting durability in edifices. Environmental apprehensions and climate change are fueling the demand for these building solutions. They aid in decreasing carbon emissions, reducing energy expenses, and adhering to strict governmental environmental rules. Through automating climate regulation, lighting and predictive maintenance, AI improves energy utilization in smart buildings, resulting in heightened effectiveness and sustainability. For instance, as per the Department for Energy Security and Net Zero, a UK government organization, in March 2024, there were 318,600 energy efficiency progresses accomplished in 2023 in properties all over Great Britain via several governmental aid schemes. This was a 49% increase from 2022. Consequently, the uprising call for energy-conserving and eco-friendly building solutions is boosting the advancement of the AI in smart buildings and infrastructure market.

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Which Fast-Growing Trends Are Poised to Disrupt the AI In Smart Buildings And Infrastructure Market?
Leading firms in the AI in smart buildings and infrastructure sector are concentrating on technological progress, integrating features like AI-driven analytics and control to boost energy efficiency, leverage operational efficacy, and advance sustainability using data-informed decisions. AI-driven analytics employs artificial intelligence to process data, detect trends, and deliver insights that enrich operations, support informed decisions, and bolster performance. For instance, Siemens AG, a technology company based in Germany, unveiled 'Building X' in June 2022. This AI-powered platform was created to enhance energy efficiency, automate operations, and elevate occupant comfort in net-zero buildings. The platform unifies various building systems into a core hub, using AI-driven analytics to improve efficiency and sustainability. Its inclusive architecture encourages integration with third-party, broadening the smart building solutions ecosystem within Siemens Xcelerator with the goal of expediting the digital transformation of buildings.

What Are the Emerging Segments in the AI In Smart Buildings And Infrastructure Market?
The ai in smart buildings and infrastructuremarket covered in this report is segmented -

1) By Type: Software, Hardware, Services
2) By Technology: Machine Learning, Natural Language Processing, Computer Vision, Robotic Process Automation, Other Technologies
3) By Application: Building Automation, Energy Management, Security And Surveillance, Predictive Maintenance, Smart Parking, Other Applications
4) By End-User Industry: Commercial Buildings, Residential Buildings, Industrial Buildings, Government Buildings, Healthcare Facilities, Educational Institutions, Retail Spaces, Other End User Industries

Subsegments:

1) By Software: AI-Powered Building Management Systems (BMS), Energy Management Software, Predictive Maintenance Solutions, Security And Surveillance Analytics, Space Optimization And Utilization Software, HVAC Optimization Software, Smart Lighting Control Software
2) By Hardware: Sensors, Edge AI Devices, IoT Gateways, AI-Powered Cameras And Surveillance Equipment, Smart Meters And Smart Grids, Robotics For Facility Management
3) By Services: AI Consulting And Implementation Services, System Integration Services, Managed AI Services, Predictive Maintenance Services, AI Training And Support Services, Cloud-Based AI Services For Smart Buildings

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Who Are the Global Leaders in the AI In Smart Buildings And Infrastructure Market?
Major companies operating in the AI in smart buildings and infrastructure market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Robert Bosch GmbH, Hitachi Ltd., Siemens AG, Intel Corporation, Panasonic Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd, NEC Corporation, Johnson Controls International plc, Samsung SDS, Autodesk Inc., Terminus Group, GridPoint Inc., Verdigris Technologies, BuildingIQ Inc., Built Robotics.

Which are the Top Profitable Regional Markets for the AI In Smart Buildings And Infrastructure Industry?
North America was the largest region in the AI in smart buildings and infrastructure market in 2024. The regions covered in the AI in smart buildings and infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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