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Smart Buildings Market to grow by USD 64.84 Billion (2024-2028), driven by the need for building automation, with AI powering market evolution – Technavio

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NEW YORK, Dec. 4, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global smart buildings market  size is estimated to grow by USD 64.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 10.61%  during the forecast period. Growing need for building automation to enhance business outcomes is driving market growth, with a trend towards increasing integration of iot with building automation software. However, challenges in integrating building automation software coupled with interoperability issues  poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Johnson Controls, L and T Technology Services Ltd., Legrand SA, Panasonic Holdings Corp., Robert Bosch GmbH, RTX Corp., Schneider Electric SE, Siemens AG, Smarteh d.o.o., Snap One LLC, Softdel System Pte. Ltd., Switch Automation, and Verdigris Technologies Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (BMS, HVAC, Lighting control, Security and access control, and Others), Component (Software, Hardware, and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Advantech Co. Ltd., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Johnson Controls, L and T Technology Services Ltd., Legrand SA, Panasonic Holdings Corp., Robert Bosch GmbH, RTX Corp., Schneider Electric SE, Siemens AG, Smarteh d.o.o., Snap One LLC, Softdel System Pte. Ltd., Switch Automation, and Verdigris Technologies Inc.

Key Market Trends Fueling Growth

The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies such as 5G, IoT, AI, and VR. These technologies enable resource management, energy efficiency, and improved environmental effects in both residential and commercial buildings. In urban areas, smart buildings are becoming essential components of smart cities, offering automated technologies like sensors, actuators, and microchips for space utilization and network management. Commercial segment buildings, including offices and industrial structures, are adopting AI-enabled innovations like intelligent glass, smart thermostats, and energy-efficient structures. Homeowners are also embracing smart home solutions, including smart lighting systems and home automation. Moreover, the integration of cloud computing, data analytics, and waste management solutions is crucial for effective resource management and reducing greenhouse gas emissions. Building owners prioritize security concerns, with smart security systems like access controls, video surveillance, and intrusion detection, ensuring a secure environment. Energy management, waste management, and workforce management are other significant areas of focus for smart buildings. Blockchain technology is also gaining traction for information security. The market for smart buildings is vast and includes various applications, from energy conservation in residential buildings to fire safety in industrial buildings. 

Non-smart buildings rely on manual control, leading to lengthy lead times and increased operational costs. Traditional building automation faces limitations due to complex wired or slow wireless connectivity between devices. The integration of IoT into building automation enhances connectivity significantly, enabling end-users to monitor multiple systems via a central hub. This innovation creates demand for advanced building automation software, driven by the expanding IoT adoption and rising Internet penetration among specific user groups. The global smart buildings market experiences growth opportunities as a result. 

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Market Challenges

The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies like 5G, IoT-enabled devices, AI, VR, and cloud computing. Commercial and residential building owners seek energy efficiency, resource management, and automated technologies to reduce greenhouse gas emissions and improve space utilization. Challenges include security concerns, environmental effects, and network management. 5G technology and IP enable seamless connectivity, while AI innovations optimize energy management, home automation, and waste management solutions. Smart lighting systems, intelligent security systems, fire safety, and access controls enhance the security of building premises. Energy-efficient structures, smart thermostats, intelligent glass, and smart elevators are essential components of smart buildings. Urban environments and industrial areas benefit from smart cities, smart homes, and smart lighting systems for energy conservation. Blockchain ensures information security, and smart waste management systems minimize waste. Working from home necessitates advanced network systems, heating, ventilation, and air conditioning. Sensors, actuators, microchips, and automated technologies are crucial for effective resource management and space utilization. Smart buildings cater to the commercial and residential segments, addressing the needs of urban areas and providing a secure environment for workforce management. Energy management, waste management, and network management are key areas of focus. Smart solutions for heating, ventilation, air conditioning, and lighting systems contribute to a comfortable and productive work environment.Building automation systems in smart buildings involve intricate software integration to manage multiple subsystems effectively. The complexity increases with larger structures, necessitating technical expertise. Compatibility between various hardware devices is crucial for efficient operation. Integrating legacy systems with new software can pose challenges, potentially leading to faulty installations and security vulnerabilities. Professionally managing these complexities is essential for optimizing energy usage, enhancing occupant comfort, and ensuring safety in smart buildings.

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Segment Overview 

This smart buildings market report extensively covers market segmentation by

Product 1.1 BMS1.2 HVAC1.3 Lighting control1.4 Security and access control1.5 OthersComponent 2.1 Software2.2 Hardware2.3 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 BMS-  The Building Management Systems (BMS) segment, also known as Building Automation Systems, is the largest and leading segment in the global smart buildings market. BMS integrate various standalone control and monitoring systems, including HVAC, lighting, and emergency control systems, at a single point for efficient building management. The BMS market consists of software, servers, sensors, and major components. The cost of implementing BMS ranges from USD2.50 to USD7.0 per square foot, making ROI a significant challenge. Europe and APAC are major contributors to the BMS market’s growth due to increasing industrial development, commercialization, and energy efficiency awareness. In the forecast period, the BMS segment will witness high adoption in the commercial sector, high-end residential buildings, and the services sector. Rapid technological innovations, such as IoT, analytics, and cloud computing, will further fuel the adoption of BMS for effective monitoring, controlling, and operating building facilities.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies such as 5G, IoT enabled devices, AI, and VR. These technologies enable energy efficiency, reduced greenhouse gas emissions, and improved occupant comfort in both commercial and residential buildings. Cloud computing and data analytics facilitate remote monitoring and management of smart homes and offices, enabling working from home and waste management solutions. Energy-efficient structures, intelligent glass, smart thermostats, and smart elevators are some of the innovations that contribute to energy conservation. Smart cities are also integrating smart lighting systems, fire safety, and security systems, including intelligent access controls, video surveillance, and intrusion detection, to enhance safety and productivity. Overall, the Smart Buildings Market offers numerous benefits, from automating mundane tasks to improving energy efficiency and enhancing safety and security.

Market Research Overview

The Smart Buildings Market is experiencing significant growth due to the integration of advanced technologies such as 5G technology, IoT enabled devices, AI, and VR. These technologies are transforming commercial and residential buildings into energy-efficient structures with improved resource management and space utilization. In urban areas, smart buildings are contributing to reducing greenhouse gas emissions by optimizing energy consumption and waste management. Cloud computing and data analytics enable real-time monitoring and automation of home automation and working from home systems. Intelligent glass, smart thermostats, and smart elevators are becoming standard features in modern buildings. AI-driven innovations are revolutionizing network management, energy management, and workforce management. Smart cities are integrating smart buildings into their infrastructure for secure environment and efficient resource management. Building owners are investing in automated technologies such as sensors, actuators, microchips, and blockchain for information security. Smart lighting systems, energy conservation, and intelligent security systems are essential components of smart buildings. Fire safety, video surveillance, access controls, theft detection, and intrusion detection are critical aspects of intelligent security systems. HVAC systems, including heating, ventilation, and air conditioning, are being optimized for energy efficiency and occupant comfort. The residential and commercial segments are driving the growth of the smart buildings market, with industrial buildings following closely. The environmental effects and security concerns of smart buildings are being addressed through advanced technologies and regulations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductBMSHVACLighting ControlSecurity And Access ControlOthersComponentSoftwareHardwareServicesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Weibo Corporation to Report First Quarter 2026 Financial Results on May 28, 2026

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BEIJING, April 27, 2026 /PRNewswire/ — Weibo Corporation (NASDAQ: WB and HKEX: 9898), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the first quarter 2026 before the U.S. market opens on Thursday, May 28, 2026. Following the announcement, Weibo’s management team will host a conference call from 7 AM – 8 AM Eastern Time on May 28, 2026 (or 7 PM – 8 PM Beijing Time on May 28, 2026) to present an overview of the Company’s financial performance and business operations.

Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the confirmation email upon registering.

Participants Registration Link: https://register-conf.media-server.com/register/BIb549b1f6935046d98b52a0fe61be918e

Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com.

About Weibo Corporation

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a “mobile first” philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness

Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com 

View original content:https://www.prnewswire.com/news-releases/weibo-corporation-to-report-first-quarter-2026-financial-results-on-may-28-2026-302754018.html

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Perceptive eClinical Launches Technology-Enabled Clinical Supply Consultancy in Alliance with Trialzen

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Expert-led clinical supply strategy powered by advanced planning and analytics technologies.

NOTTINGHAM, England and LASNE, Belgium, April 27, 2026 /PRNewswire/ — Perceptive eClinical, a leading provider of interactive response technology (IRT) and eClinical solutions, and Trialzen, an expert-led Forecasting and Supply Technology company, today announced an alliance supporting Perceptive eClinical in the launch of its Clinical Intelligence Consultancy Service, Perceptive Clinical Intelligence. This transforms its long–standing clinical supply expertise into a fully integrated, expert–led service spanning the entire clinical trial lifecycle and enabled by Trialzen’s advanced clinical supply planning technologies.

Perceptive Clinical Intelligence combines Perceptive’s deep expertise in randomization and clinical supply optimization with data-driven, technology enabled mathematical optimization, simulation, and forecasting to support smarter planning across the trial lifecycle. This integrated offering helps sponsors design, stress test, and manage clinical supply strategies with greater confidence and operational control. By formalizing its in-house expertise and therapeutic experience, Perceptive unifies randomization, trial supply management technologies and clinical supply consulting to enable more informed, scalable, and lower risk supply decision making.

“Clinical trial supply decisions are too critical to rely on tools alone,” said Malcolm Morrissey, Head of Perceptive Clinical Intelligence. “While supply discussions often focus on stock levels and overage, the real risk is patient impact. Supply availability determines whether visits happen, treatment is delivered on time, and sites can operate with confidence. Effective supply management means looking beyond IP numbers to understand patient continuity and visit level risk across the entire trial.”

Industry benchmarks show that approximately 50% of Clinical Finished Goods (CFG) manufactured for clinical trials are never administered to patients, representing hundreds of millions of dollars in wasted drug supply each year1.

“Setting up Perceptive Clinical Intelligence reflects the next step in Perceptive’s evolution, combining deep clinical supply and randomization expertise with data–driven technology to enable smarter supply planning, and increased supply confidence, and continuity across the trial lifecycle,” said Shaun Hopgood, Chief Operating Officer at Perceptive eClinical.

Perceptive eClinical and Trialzen have each delivered proven results for sponsors, with real–world engagements generating savings exceeding $1 million and materially reducing supply overage.

A Technology Enabled, Expert-Led Approach

Delivered by Perceptive’s in–house specialists, the consultancy is built on 30 years of experience supporting biotech and large pharma across randomization and clinical supply management. It combines Perceptive’s proven supply–modelling expertise with Trialzen’s advanced calculation and simulation engine, fully integrated into Perceptive’s next–generation platform, Clinphone Pro.

Anchored in deep oncology expertise, where global scale, complex dosing, and multi–layered supply chains increase planning risk, the consultancy also draws on experience across Endocrinology and Metabolism, and Infectious Diseases, and supports emerging areas such as Precision and Nuclear Medicine, and Cell and Gene Therapies. 

Reflecting on this alliance and its objectives, Cedric Druck, CEO and Co–Founder of Trialzen, commented: “Trialzen was built by clinical supply experts who spent years watching planning decisions get made on spreadsheets and gut feel, then handed off to execution systems with no feedback loop. This collaboration with Perceptive closes that gap. By integrating our forecasting and simulation capabilities directly with their IRT platform, we enable sponsors to move from scenario planning to operational action in a single environment, with full transparency at every step.”

At the heart of this alliance is a shared belief that clinical supply planning and execution should live in one connected environment. “Together, Perceptive and Trialzen are working toward a unified way of operating, where strategic decisions and day–to–day execution come together, enabling greater visibility, smarter scenarios, and more confident supply decisions from manufacturing through to patient dosing”. said Tony Street, Senior Vice President Strategy at Trialzen.

Clients benefit from:

Faster study start-up and smoother amendments through early supply optimizationHigher quality supply decisions driven by expert oversight and data backed insightGreater confidence through strategic expert consultancy for complex trialsMid-study forecast adjustments and up-to-date quantitative support for key decisions

About Perceptive eClinical

Perceptive eClinical is a trusted leader in delivering advanced trial capabilities. With over 30 years of proven Interactive Response Technology (IRT) and supply management expertise, more than 500 regulatory approvals and support for three million patients worldwide, we deliver reliability, security and precision. This is reflected in our consistently high customer satisfaction score of 4.5 out of 5 over the past three years. Our future-proof IRT solution, Clinphone Pro, helps sponsors manage the speed, complexity and personalization of modern clinical trials. Built for flexibility and seamless integration, it supports smarter, more efficient studies across all phases and therapeutic areas. In 2025, Perceptive eClinical was recognized as a leader in Everest Group’s PEAK Matrix® Assessment for RTSM Solutions, affirming our commitment to innovation, global delivery excellence and measurable value for sponsors and CROs.

About Trialzen

Trialzen is a technology company built by industry experts specializing in clinical trial supply forecasting and planning. Its Forecast & Planning Solution (FPS) is a purpose-built SaaS platform that enables sponsors and CROs to model, simulate, and optimize clinical supply strategies across the full trial lifecycle. Built by clinical supply experts, Trialzen combines advanced mathematical modelling and analytics with a transparent, user-friendly interface, allowing teams to evaluate scenarios, anticipate risk, and make informed supply decisions with speed and confidence. 

Sources

McKinsey & Company, Clinical Supply Chains insights

Media Contact: Zara Broadfield, Marketing Director Perceptive eClinical, zara.broadfield@perceptive.com 

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Mouser Electronics New Product Insider: Over 9,000 New Parts Added in First Quarter of 2026

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SHANGHAI, April 27, 2026 /PRNewswire/ — As an authorized distributor, Mouser Electronics, Inc. is focused on the rapid introduction of new products and technologies, giving customers an edge and helping speed time to market. Over 1,200 semiconductor and electronic component manufacturer brands count on Mouser to help them introduce their products into the global marketplace. Mouser’s customers can expect 100% certified, genuine products that are fully traceable from each manufacturer.

Last quarter, Mouser launched more than 9,000 part numbers ready for shipment. Some of the products introduced by Mouser from January through March 2026 include:

STMicroelectronics STM32C5 Arm® Cortex®-M33 Microcontrollers
The STM32C5 microcontrollers (MCUs) from STMicroelectronics are specifically designed to boost the performance of billions of tiny smart devices across factories, homes, cities, and infrastructure while meeting stringent cost, size, and power constraints. Based on ST’s proprietary 40 nm manufacturing process, the STM32C5 MCUs can run tasks noticeably faster than many entry-level chips currently in use. This gives products more room to include features such as improved sensing, smoother control, and enhanced user experiences while keeping dynamic power consumption low. The MCUs also integrate security features that help safeguard products against tampering and cyber risks.EDATEC ED-CM0NANO Single-Board Computer
The ED-CM0NANO is a single-board computer (SBC) from EDATEC, based on the Raspberry Pi Compute Module Zero (CM0). The ED-CM0NANO features a quad-core Arm Cortex-A53 processor running at up to 1 GHz, a Broadcom VideoCore-IV graphics processor, and a wide range of connectivity options. Optional Wi-Fi® support with an external antenna enables wireless connectivity, while integrated real-time clock (RTC) and watchdog timer enhance system reliability. These features make the ED-CM0NANO ideal for industrial control systems and Internet of Things (IoT) applications.Sensata Technologies MGD Resonix™ Refrigerant Leak Sensor
The MGD Resonix™ sensor from Sensata delivers high accuracy and fast response times in a compact module that fits into the smallest heating, ventilation, air conditioning (HVAC), and refrigeration equipment. The MGD series offers superior resistance to overexposure and poisoning, as well as to high temperatures (working temperatures up to 105 °C) and humidity. These devices also have a service life of more than 15 years with no need for calibration, making them the ideal leak-detection component for A2L HVAC and refrigeration systems.u-blox ANN-MB3 Triple-Band GNSS Antenna
The ANN-MB3 from u-blox is a best-in-class L1/L2/L5 triple-band RTK real-time kinematic (RTK) solution ideal for the F20 high-precision GNSS. Optimized for seamless integration, the ANN-MB3 antenna delivers exceptional performance with a robust design. The antenna’s compact (62 × 80 × 25.5 mm) form factor and flexible installation options enable the adoption of high-precision positioning technologies across industrial, automotive, and robotics applications.

To see more of the New Product Insider highlights, go to https://info.mouser.com/new_products/.

For more Mouser news and our latest new product introductions, visit https://www.mouser.com/newsroom/.

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