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4/19/23, 11:51 AM Integrate ME to discuss the significance of cutting-edge AV solutions in boosting the growth of the smart building market | MENAFN.COM
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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