Smart building solutions market revenue was estimated at $20,045.8 million globally in 2025 and is expected to increase at a compound annual growth rate of 12.7% through 2031, driven by accelerating enterprise decarbonization mandates, the proliferation of AI-driven building intelligence platforms, rising energy costs, and a structural shift from reactive facility management to predictive building operations and maintenance. At its core, smart building solutions leverage IoT sensors, edge computing, cloud platforms, and artificial intelligence to collect, analyze, and act on real-time data. This transforms traditionally passive buildings into responsive, connected, and autonomous environments that simultaneously optimize energy consumption, operational performance, and occupant well-being. Frost & Sullivan structures the industry around three strategic pillars: energy efficiency delivered through advanced building energy management systems and sustainability management solutions; operational efficiency enabled by digitized asset maintenance and asset management platforms; and occupant comfort and safety delivered via workplace experience solutions and safety and security management.

The main goal is continuous improvement.

• What are the growth drivers impacting workplace experience solutions, the IoT and AI-enabled space, and occupancy intelligence platforms that optimize occupant well-being, productivity, and experience?
• Which growth avenues are influenced by enterprise decarbonization mandates, the proliferation of AI-driven building intelligence platforms, rising energy costs, and a structural shift from reactive facility management to predictive building operations and maintenance?
• What are the industry leaders benchmarked in this Frost Radar™, and how can you gain a competitive edge over them?