By 2028, the smart building AI market is expected to reach US$6.48 billion

This new research, based on analysis of the artificial intelligence (AI) market, looks at the progress being made in AI’s broad capabilities and its professional applications that enable construction Environments are smarter, more sustainable and more responsive. This is the first in a two-part series, with the second on the AI ​​market landscape to be released later this year.

This report explores where we are on the journey towards “truly cognitive architecture”. Today’s commercial construction technology is moving from rules-based analytics to artificial intelligence predictive machine learning models, but adoption rates are still at middling levels. The scope of real-world deployments remains narrow, driven primarily by more well-understood use cases in energy optimization, space utilization, and security.

Challenges that hinder the application of artificial intelligence

Various factors that hinder the widespread application of artificial intelligence are also emerging. Challenges that prevent widespread adoption of AI include technology integration with legacy systems, a general lack of necessary expertise and broader education, and the commercial real estate industry’s cultural acceptance of the new processes needed to effectively leverage AI-skilled solutions. slow.

Recent research shows that artificial intelligence in the commercial construction market will account for an annual growth rate of 25.5% to $36.48 billion by 2028, as the industry begins to adopt emerging technologies and shrink with artificial intelligence industry-centered gaps.

Through in-depth and detailed analysis, these areas are actively developing and commercializing smart building solutions. These solutions cover benefits ranging from driving sustainability and energy efficiency to enhancing security and adding a tailored living experience.

Artificial Intelligence Arms Race

Big tech companies are investing billions of dollars in the much-touted “artificial intelligence arms race,” research shows. This drives rapid innovation that will benefit all industries.

The commercial construction industry is on the cusp of significant advancements, driven by the goal of improving operational efficiency, improving the occupant experience and promoting sustainable development goals. As AI technology becomes increasingly accessible, commercial real estate stakeholders must strategically plan for these developments to take full advantage of AI’s potential.

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