More companies in North America are installing smart building systems in response to various market drivers, including a desire for operational cost savings, occupancy efficiencies and improved environmental sustainability, while theses systems become more affordable, according to a new report from market research firm Frost & Sullivan.

The report found that companies that invest early in smart building technology will be “well-positioned to reap rewards in emerging markets as the Internet of Things (IoT) concept becomes more of a reality”.