Authored by Michelle Joynson and published by Juniper Research in May 2024, this report covers how the 5th wave of the technological revolution is poised to build on the developments of the 4th wave. It covers a brief market overview of smart buildings and how with a stronger smart grid big buildings can be provided with better power with upgraded sensors and software. There is a new emphasis on tracking data to reduce operational costs. Service providers that buildings use now have to stay current as leaders to leverage opportunities through strategic partnerships to offer holistic approaches. This paper also briefly touches on the difference between Traditional and Smart buildings (reduction of carbon footprint) before ending with a market forecast summary that speaks to benchmarks, evaluations, key trends, takeaways, and recommendations.

Keywords: Artificial Intelligence (AI), Cloud & Data Analytics, Construction/New Buildings, Control & Monitoring Equipment/Sensors, Cybersecurity/Privacy, Energy Efficiency/Management, HVAC & Indoor Air Quality (IAQ), Intelligent Building, Internet of Things (IoT), Large Building Controls/Automation, Post-COVID-19, Process Automation, Property Management, Protocols/Standards, Smart Grid, System Integrator, Utilities, Zero Net Energy