This IDC Energy Insights report provides projections of investment in smart building solutions globally. The market is expected to grow rapidly as there is increasingly broad market awareness of the business values generated by deploying smart building solutions. This 2013 global smart buildings forecast projects spending to grow from $5.5 billion in 2012 to $18.1 billion in 2017 (a 27.1% CAGR).
"While businesses across the economy continue to focus on bottom-line rebounds following the 'great recession,' building owners are expanding their interest and financial commitment to energy efficiency as a means of achieving wide-reaching corporate objectives. Smart building solutions are valuable technologies for deploying energy management strategies that generate operational efficiencies, cost containment, and sustainability benefits that appeal to key stakeholders across chain of command in building management," said Casey Talon senior research analyst, IDC Energy Insights.