For more insights and key statistics on the biggest trends in today's most disruptive industries, subscribe to our Chart of the Day newsletter.

The number of smart buildings worldwide is projected to climb from 45 million this year to 115 million in 2026, an increase of more than 150%, as demand grows for secure, energy-efficient developments.

Beyond the chart: About 90% of smart building spending will go to nonresidential properties in 2026. There’s consumer demand for this technology as well, driven by rising environmental concerns and energy costs, along with increased time spent at home. This demand, however, is not spurring the colossal growth in spending, as families can “smarten up” their houses with relatively affordable smart home devices, rather than sink big bucks into adding new systems to the building infrastructure.

More like this:

• Report: Smart Home Forecast 2021
• Article: Humans look at screens. With AI, the screens are now looking back.
• Article: A not-so-smart rise in smart speaker ownership