The movement in the digital transformation of buildings is experiencing strong growth, with the sales of smart building technology predicted to grow in the region of 30 percent per annum.
Non-domestic buildings are responsible for between 10 percent and 15 percent of carbon emissions, so reducing their consumption makes a considerable contribution to the healthiness and attractiveness of urban environments.
Smart buildings have the potential to save approximately 15% to 25% on energy costs and this saving should be a goal for both private and public sector building owners as they seek to generate savings on behalf of shareholders and taxpayers. Otherwise, every day that goes by represents lost savings and lost smart building benefits.
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.