Next-gen smart building solutions market worth $2 billion

The next wave of smart building solutions is forecast to grow at 32 per cent compound annual growth rate (CAGR) over the next eight years to create $2 billion in software and services revenues by 2026. According to a new report from global tech market advisory firm ABI Research, the smart building market has begun to grow and evolve away from the traditional areas of HVAC, lighting, access control and safety to more advanced needs.