The Guidehouse report highlights rapid growth in the smart building software market, driven by rising demand for energy efficiency, operational performance, and occupant well-being. Advances in AI and stricter regulations are accelerating adoption, with retrofit projects representing the largest opportunity. Key capabilities include energy management, safety/security, workplace management, operations/maintenance, and data integration. The operations and maintenance segment is expected to grow significantly (from $2.5B to $8.2B by 2034), while data integration—though less mature—will see the fastest growth due to AI. Overall, smart building solutions are becoming essential for cost reduction, sustainability, and digital transformation.

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