Global Smart Building Market: Key Highlights
Global Smart Building Market: Key Market Dynamics
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Global Smart Building Market: Regional Overview
The North America regional is had projected that the tremendous growth with the rising developed technological infrastructure. Whereas, with the rising of new smart building solution with new technologies such as IoT, big data, cloud computing and artificial intelligence, to help in save energy, minimized the operational and sustainability standards.
Hence, the US companies is making a large investing in smart building measures such as building controls as well as the building system integration to boost the energy efficiency and to deliver the secure, smart, and sustainable building. These trend will lead to enhance the growth of the market in the forecast period.
The Asia-Pacific is projected of play a leading role for the growth and developments of the market in the forecast period. The countries such as India, China, South Korea and Japan will lead to enhance the market growth with the rising supportive government initiatives, and industrial development activities. Also, the various steps taken by the government for the smart city projects is projected to fuel the market growth over the forecast period.
Hence, the rapid growing information and communications technology platform in the countries such as China and India, lead to fuel the growth of the market in the forecast period.
Global Smart Building Market: Key Players Overview
The company develops, sells as well as manufacture the networking hardware, software, and telecommunications equipment. The company helps to make smart building with the optimized lighting, building automation, and Internet of Things (IoT) technology. In 2019, the company has completed its acquisition of Sentryo, which provides asset visibility and cybersecurity solutions for industrial control systems (ICS). Whereas, this acquisition enables Cisco to offer control system engineers deeper visibility into assets for optimizing, detecting anomalies, and securing their networks.
Hitachi, Ltd. is a Japanese multinational conglomerate company, which manufactures communications and electronic equipment, and consumer electronics. The company is now majorly focused on the growth of a smart building ecosystem with the big data, IoT, AI, and various other technologies.in 2019, Hitachi Vantara, a wholly owned subsidiary of Hitachi, has launched Lumada Video Insights, an end-to-end, intelligent, and adaptable suite of applications which delivers operational safety and business intelligence using IoT, video, artificial intelligence (AI), and analytics.
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