Up from 45 million buildings in 2022, it represents a growth rate of more than 150 per cent and reflects increasing demand for energy efficiency from businesses and residents alike.

The number of buildings globally deploying smart building technologies is forecast to reach 115 million in 2026.

Up from 45 million in 2022, it represents a growth rate of more than 150 per cent and reflects increasing demand for energy efficiency from businesses and residents alike, as energy costs spike, according to a new study from Juniper Research.

Safe and comfortable environment

The analyst defines a smart building as a building that uses connectivity to enable economical use of resources, while creating a safe and comfortable environment for occupants.

The new research, Smart Buildings: Key Opportunities, Competitor Leaderboard & Market Forecasts 2022-2026, found that by enabling buildings to monitor and automate common functions, significant efficiency gains can be made, while improving the environment for workers and residents.

Juniper’s report recommends that vendors focus on building analytics platforms for the most value to be driven from deployments.

The research found that non-residential smart buildings will account for 90 per cent of smart building spend globally in 2026; at a similar level to 2022. Juniper reports this dominance is due to the larger economies of scale in commercial premises driving spend, as well as the commercial focus of most smart building technologies.

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