Intelligent Building Automation (IBA) Technologies Market Outlook 2027 By Applications, Size, Share, Trends, Growth
According to TechSci Research, The Global Intelligent Building Automation (IBA) Technologies Market size is predicted to grow at a CAGR of over 6% during the forecast period. The market for intelligent building automation technologies is growing mainly due to the increasing need for enhanced security and safety in buildings. Moreover, intelligent building automation helps in the reduction maintenance and operating costs and enhances the life of the building, this in turn is driving the growth of the intelligent building automation technologies industry. Increasing number of favorable government initiatives to build smart cities is expected to create potential opportunities for the growth of the intelligent building automation technologies market. Based on geographical landscape, the intelligent building automation technologies market was the largest in the North American region in 2019. The growth of the market in the North American region is majorly attributed to the rising conc...