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Technavio Says the Global Smart Building Market Will Grow Steadily Through 2019Technavio has published a new report on the global smart building market, which is expected to grow at a CAGR of almost 12% from 2015-2019. About the Report According to the latest report by Technavio, increased urbanization is creating social and environmental challenges like water shortages, power deficits, pollution and waste water, and sewage problems. To combat these challenges, governments of emerging and developed economies are focusing on smart buildings to provide the best integrated solutions. The new Technavio report also draws attention to some of the challenges facing smart building construction, including lack of finances in developing countries. "The adoption of the public private partnership model is helping public companies that have easy access to finances lynch up with private players who are struggling to find funding for smart buildings," says Faisal Ghaus, Vice President of Technavio. "This public private partnership model ensures that private companies easily receive the construction permits associated with smart buildings and public players get an access to the advanced technology and expertise offered by private players." Markt Scope and Calculation of Market Size The new Technavio report covers the present scenario and the growth prospects of the global smart building market from 2015-2019. The market size has been estimated based on the historical data of the smart building market. Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the smart equipment market: If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20150602005849/en/ |
