Smart building technology spending forecast to grow to US$17.4 billion in 2019, says IDC

An increasing number of case studies are emerging to demonstrate the business case and benefits associated with developing smart buildings. According to a new IDC Energy Insights report, leading organizations around the world are encouraged to evaluate their current smart building status and to implement short to medium term plans to capture those benefits. IDC forecasts smart building technology spending to grow from US$6.3 billion in 2014 to US$17.4 billion in 2019, registering a compound annual growth rate (CAGR) of 22.6%. The most aggressive adoption will be in Asia/Pacific, North America, and western Europe.



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