The number of sensors deployed in smart buildings

will exceed 1 billion by 2026

By 2026, the number of sensors deployed in smart buildings will exceed one billion. As a result, more AI deployments will follow to provide insights into the building data collected.
 
As building operators and residents try to reduce energy costs and improve the environment for occupants. The number of buildings deploying smart technology is expected to triple by 2026.
 
The market research firm released this research report assessing the current smart building market and forecasting the future. In the report, the research team said smart building deployments will increase from 45 million today to 115 million by 2026.
 
By 2026, the number of sensors installed on smart buildings will also exceed 1 billion. The data shows that there are currently 360 million sensors deployed. More AI will then be deployed to provide operators with more data about the building.
 
Providing building operators with a way to better manage energy costs and usage is critical in North America and Europe. Because electricity prices in these areas will rise sharply in 2022.
 
Operators are also interested in creating safe and comfortable spaces for residents, by using analytical software to reveal the areas of the building that are most popular or receive the least natural light.
 
“It is understandable that smart building platform providers will focus on non-residential use cases, as they offer a higher return on investment. But as environmental concerns grow, the importance of residential deployment should not be overlooked,” the investigator said. .
 
The growth of co-working in North America and Europe has led to many changes in commercial real estate management as building operators look to optimize work areas for occupants. At the same time, flexible working hours are forcing operators to find ways to continuously power their facilities while saving on energy bills.