Page 216 - INTEGRATE MIDDLE EAST - FEBRUARY to MAY 2023

4/19/23, 11:50 AM Integrate ME to discuss the significance of cutting-edge AV solutions in boosting the growth of the smart building market - mid-east.info
Integrate ME to discuss the significance of

cutting-edge AV solutions in boosting the growth

of the smart building market

April 18, 2023

Market for smart buildings is expected to reach USD 232.23 billion by 2032 with Pro AV
facilitating building automation

Dubai:

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 2023 to 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,

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