Constructing Smart Buildings

Creating city and transportation systems to meet the needs of all users in 2050 and beyond is a challenge facing the construction industry. Contractors will be responsible for constructing smart structures, while keeping in mind the changing nature of technology.

This all comes at a time when technology in buildings is changing at a very rapid pace. The smart building market will be driven by the growing need for integrated security and safety systems in buildings and the implementation of Internet of Things (IoT) platforms.

Government will also play a big role in propelling initiatives for smart and green buildings forward. Contractors who are involved in smart and green buildings and well versed in the technologies will be the most prepared for the surge of this market.

The building automation software segment is estimated to be the largest segment in the smart building market in 2017. This is due to the increase in adoption of building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems.

The commercial building is estimated to be the largest segment in the smart building market in 2017. Commercial buildings account for a major share of the overall building automation software market, as it includes large office buildings, commercial building parks, retail facilities such as malls and shopping stores, hotels and restaurants, and other non-manufacturing commercial buildings, which involve the use of increasingly automated technology with the aim to maintain smart building initiatives. The demand for energy conservation and reduction of overall operating costs is the highest in this sector.

Contractors working on these types of projects should keep an eye on the emerging technologies to meet the demands of owners and developers—all while helping to construct the smart buildings of the future.

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