There is no denying that buildings are getting smarter. As IoT has affected our domestic lives, commercial real estate managers are now adopting a connected strategy to save money and make buildings more pleasant and productive workspaces, plus making them more cost-efficient and profitable.
According to a recent report from Zion Market Research, the global smart building market was valued at around $5,800 million in the year 2016 and it is expected to reach approximately $61,900 million by 2024. The global smart building market is expected to have a compound growth of more than 34% between 2017 and 2024.
SmartSpace Software Plc (LON:SMRT) is focused on technologies that make real estate more efficient and organisations more effective. Listed on the Alternative Investment Market of the London Stock Exchange, they provide leading smart workplace software and technology to the commercial workplace, retail and hospitality real estate sectors.