Page 213 - INTEGRATE MIDDLE EAST - FEBRUARY to MAY 2023

Integrate ME To Discuss The Significance Of

Cutting-Edge AV Solutions In Boosting The

Growth Of The Smart Building Market

Integrate Middle East, a significant new learning and networking event for the entire Pro
Audio Visual (AV) integration value chain,is set to emphasise the significance and latest
impacts of the Pro AV industry in the global smart building market, which is projected to
grow at a compound annual growth rate (CAGR) of 11.3 per cent from 2023to reach around
USD 232.23 billion by 2032.

The Smart Building market is undergoing a rapid transformation due to the increasing
demand for energy-efficient and cost-effective solutions. Pro AV solutions are playing a
significant role in this transformation by providing cutting-edge technologies that enable
smart buildings to be more connected and efficient.

Estimated at USD 81.19 billion in 2022, the expansion of the global smart building market
has been driven by factors including a growing demand for energy saving features and the
expanding use of Internet of Things (IoT) and Pro AV technologies.

The utilisation of Pro AV technologies represents one of the primary elements facilitating
building automation in smart buildings. Advanced Pro AV systems and solutions have paved

way for building managers to streamline and improve building operations as well as
minimise energy waste by obtaining real-time information on occupants, energy usage, and
equipment status.

This collection and analysis of data are one of the most significant aspects of smart
buildings. Building analytics – data analytics gleaned from smart building technologies such
as networked sensors, building management systems (BMSs), integrated workplace
management systems (IWMSs) and Internet of Things (IoT) edge devices – have become
increasingly important in shaping the future of the smart building market as they can be used
to increase efficiency, develop smarter equipment maintenance protocols, create a healthier
building environment, and save resources and time.

Integrate Middle Eastaimsto explore and highlight these emerging and more established Pro
AV technologies that are transforming the smart building industry and optimising the way
buildings are managed.

https://www.middleeastevents.com/blog/integrate-me-to-discuss-the-significance-of-cutting-edge-av-
solutions-in-boosting-the-growth-of-the-smart-building-market/