Page 33 - INTEGRATE MIDDLE EAST - FEBRUARY to MAY 2023
P. 33

Press Release


                       Integrate ME to discuss the significance of cutting-edge AV solutions


                                 in boosting the growth of the smart building market



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

                                               facilitating building automation


               Dubai, April 18, 2023

               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.
                                                                                           i

               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
   28   29   30   31   32   33   34   35   36   37   38