by Brianna Crandall — January 10, 2014—International market research and data source Research and Markets has announced the addition of the Markets and Markets report Smart Building Market [Building Automation Systems, Physical Security, Building Energy Management Systems (BEMS), Building Communication Systems, Parking Management, Water Management, Networking], Worldwide Market Forecasts and Analysis (2013-2018) to its offerings.
Information and Communication Technology (ICT) can be implemented to improve building quality in terms of safety, security, efficiency, and management, notes Research and Markets. With the integration of building components, their communication, and the implementation of a management system, the resulting smart buildings help in reducing operating costs, energy consumption, and carbon emissions.
Going by current industry trends, the smart buildings market is expected to grow rapidly in coming years, adds Research and Markets. The 178-page report provides an insight into the key market players, challenges, drivers, and future scope of the market. The report also focuses on global adoption trends and future growth potential across different regions in the market.
According to the report, the main reasons that smart buildings are gaining traction worldwide are the increasing concern of global warming and the increasing consumption of energy by buildings. A smart building also improves the Return on Investment (ROI) for its developers as well as its occupants, and enhances occupants’ safety and security.
The companies mentioned in the report are: ABB, Accenture, Cisco, Delta Controls, Emerson Electric, General Electric, Hewlett-Packard, Hitachi, Honeywell, IBM, Ingersoll Rand Security Technologies, Johnson Controls, Schneider Electric, Siemens and Tyco International.
