Smart Buildings

Asia Stands Out in the Steadily Growing Building Occupancy Analytics Market

“Growth will be healthy in all regions, but it is the Asia region that will enjoy the most impressive rise in revenues from Occupancy Analytics over the forecast period, with predicted growth of 26.4% CAGR,” estimates our most recent report: Occupancy Analytics and In-Building Location Based Services 2017 to 2022. Markets around the world are experiencing unprecedented growth in new office space. “More than 700 million square feet of new construction planned in the span of just 3 years”, according to Cushman & Wakefield’s Global Office Forecast. This is largely driven by emerging technologies that promise better productivity, security, efficiency and space utilization, through collecting and analyzing data streams. One of the major technology groups within this movement is occupancy analytics. The market for occupancy analytics in commercial office space follows a similar trend to the overall commercial buildings market. Occupancy systems sales reached $1.54 Billion in 2017, and are expected to rise to $4.60 […]

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