The global artificial intelligence (AI) market for commercial buildings is being driven by advancements in machine learning, data availability, and computing power, according to our latest AI market research. Our meta-analysis forecasts that the broader Artificial Intelligence market is predicted to reach over $500 billion globally by 2026, representing a 20.9% compound annual growth rate between 2023 and 2026. This accelerating growth demonstrates that Artificial Intelligence is moving past the hype and is now driven by real-world results. According to a Moore Global survey on AI adoption, companies identified as the fastest AI adopters realized 15% average annual revenue growth from 2019 to 2023. This figure stands at more than double the rate of firms that were slow to invest in AI over the same period. “Today’s buildings are transitioning from rules-based analytics relying on predefined thresholds towards AI-enabled predictive machine learning models and ultimately more advanced adaptive systems,” reads our new report. “This progression […]