Smart Building Market by Type (Building Automation Software, Services), Building Type (Intelligent Security System, Building Energy Management System, Infrastructure Management, and Network Management System), and Region - Global Forecast to 2022

  • ID: 4380016
  • Report
  • Region: Global
  • 128 Pages
  • Markets and Markets
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The Smart Building Market is Projected to Grow from USD 5.71 Billion in 2016 to USD 31.74 Billion by 2022 at a CAGR of 33.7%

FEATURED COMPANIES

  • ABB Group (Switzerland)
  • BuildingIQ (US)
  • Cisco Systems, Inc. (US)
  • Delta Controls (Canada)
  • Johnson Controls (US)
  • Legrand (France)
  • MORE

"The growing need for integrated security and safety systems in buildings is one of the key factors expected to drive the growth of the smart building market."

The smart building market is projected to grow from an estimated USD 7.42 billion in 2017 to USD 31.74 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.7% during the period forecast period from 2017 to 2022. Factors such as the growing need for integrated security and safety systems in buildings and the implementation of the IoT platform in building automation technology are expected to drive the growth of the market. High initial investments are expected to be restraints in the growth of the smart building market.

"Based on type, the building automation software segment is estimated to be the largest segment in the smart building market in 2017."

Based on type, building automation software is estimated to be the largest segment of the smart building market in 2017. This is due to the increase in adoption of building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems.

"Based on building type, the commercial building segment is estimated to be the largest segment of the market in 2017."

The commercial building segment is estimated to be the largest segment in the smart building market in 2017. Commercial buildings account for a major share of the overall building automation software market, as it includes large office buildings, commercial building parks, retail facilities such as malls and shopping stores, hotels and restaurants, and other non-manufacturing commercial buildings which involve the use of increasingly automated technology with the aim to maintain smart building initiatives. Thereby, the demand for energy conservation and reduction of overall operating costs is the highest in this sector.

"The Asia Pacific is expected to grow at a higher CAGR in the smart building market during the forecast period"

The smart building market has been studied for North America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA), and Latin America. Countries such as China, India, Australia, and Singapore have launched the initial phases of smart building projects. Also, the growing use of cloud based as well as IoT technologies and increasing strategic alliances among technology vendors are encouraging governments towards undertaking initiatives for the development of smart and green buildings. 

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the smart building marketplace.

  • By Company Type: Tier 1: 17%, Tier 2: 33%, and Tier 3: 50%
  • By Designation: C-Level: 35%, Director Level: 60%, and Others: 5%
  • By Region: North America: 42%, Europe: 29%, Asia Pacific: 17%, and RoW: 12%

The key vendors profiled in the report:

1. Siemens AG (Germany)
2. Schneider Electric (France)
3. Cisco Systems, Inc. (US)
4. ABB Group (Switzerland)
5. International Business Machines Corporation (US)
6. Honeywell International Inc. (US)
7. United Technologies Corporation (US)
8. Legrand (France)
9. Delta Controls (Canada)
10. Johnson Controls (US)
11. BuildingIQ (US)

Research Coverage

The smart building market has been segmented based on by type, building type, and region. Based on type, the smart building market has been segmented into building automation software and services. Based on building type, the market has been segmented into manufacturing facilities, residential buildings, commercial buildings, university, school & hospital buildings, government & public infrastructure facilities, and others. Based on region, the smart building market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the smart building market in the following ways:

The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the smart building market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to better position their businesses, and implement suitable market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • ABB Group (Switzerland)
  • BuildingIQ (US)
  • Cisco Systems, Inc. (US)
  • Delta Controls (Canada)
  • Johnson Controls (US)
  • Legrand (France)
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Conversion Rate
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Smart Building Market
4.2 Smart Building Market, By Type
4.3 Global Smart Building Market

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Supply Chain
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Need for Integrated Security and Safety Systems
5.3.1.2 Decreasing Operational Cost
5.3.1.3 Increasing Government Initiatives on Smart Building Projects
5.3.1.4 Implementation of IoT Platform Within the Building Automation Technology
5.3.2 Restraints
5.3.2.1 High Initial Investment
5.3.3 Opportunities
5.3.3.1 Green Building Initiatives and Environmental Concerns
5.3.3.2 Rising Wave of Smart Cities
5.3.3.3 Growing Cloud Based IoT Platforms
5.3.4 Challenges
5.3.4.1 Limited Functionality and Lack of Open Standards
5.3.4.2 Lack of Awareness
5.3.4.3 Limited Availability of Skilled Staff

6 Smart Building Market Analysis, By Type
6.1 Introduction
6.2 Building Automation Software
6.2.1 Intelligent Security System
6.2.1.1 Video Surveillance System
6.2.1.2 Access Control System
6.2.1.3 Emergency Management System
6.2.2 Building Energy Management System
6.2.2.1 Energy Management Platform
6.2.2.2 HVAC Control System
6.2.2.3 Lighting Control System
6.2.3 Infrastructure Management System
6.2.3.1 Parking Management System
6.2.3.2 Smart Water Management System
6.2.3.3 Elevators and Escalators Management System
6.2.4 Network Management System
6.3 Services
6.3.1 Introduction
6.3.2 Professional Services
6.3.2.1 Consulting Services
6.3.2.2 System Integration and Deployment Services
6.3.2.3 Support and Maintenance Services
6.3.3 Managed Services

7 Smart Building Market Analysis, By Building Type
7.1 Introduction
7.2 Manufacturing Facilities
7.3 Residential Buildings
7.4 Commercial Buildings
7.5 University, School, & Hospital Buildings
7.6 Government & Public Infrastructure Facilities
7.7 Others

8 Geographic Analysis
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Middle East & Africa
8.6 Latin America

9 Competitive Landscape
9.1 Microquadrant Overview
9.1.1 Visionary Leaders
9.1.2 Innovators
9.1.3 Dynamic Differentiators
9.1.4 Emerging Companies
9.2 Competitive Benchmarking
9.2.1 Strength of Product Portfolio in Smart Bulding Market (25 Players)
9.2.2 Business Strategy Excellence Adopted in Smart Building Market (25 Players)

10 Company Profiles
10.1 ABB
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships)*
10.2 Cisco
10.3 IBM
10.4 Siemens
10.5 Schneider Electric
10.6 Honeywell International
10.7 Johnson Controls
10.8 Delta Controls
10.9 United Technologies Corporation
10.10 Buildingiq
10.11 Legrand
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships Might Not Be Captured in Case of Unlisted Companies.
10.12 Key Innovators
10.12.1 Gridpoint
10.12.2 Ecova
10.12.3 Verdigris

11 Appendix
11.1 Industry Excerpts
11.2 Discussion Guide

List of Tables

Table 1 Smart Building Market Size, By Type, 2015-2022 (USD Million)
Table 2 Building Automation Software: Smart Building Market Size, By Subtype, 2015-2022 (USD Million)
Table 3 Building Automation Software: Market Size, By Region, 2015-2022 (USD Million)
Table 4 Building Automation Software: Intelligent Security System Market Size, By System Type, 2015-2022 (USD Million)
Table 5 Intelligent Security System: Video Surveillance System, By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 6 Intelligent Security System: Access Control System, By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 7 Intelligent Security System: Emergency Management System, By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 8 Building Automation Software: Building Energy Management System By System Type Market Size, 2015-2022 (USD Million)
Table 9 Building Energy Management System: Energy Management Platform By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 10 Building Energy Management System: HVAC Control System By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 11 Building Energy Management System: Lighting Control System By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 12 Building Automation Software: Infrastructure Management System By System Type Market Size, 2015-2022 (USD Million)
Table 13 Building Automation Software: Parking Management System By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 14 Building Automation Software: Smart Water Management By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 15 Building Automation Software: Elevators and Escalators Management System, By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 16 Building Automation Software: Network Management System By System Type Market Size, By Region, 2015-2022 (USD Million)
Table 17 Managed Services is Expected to Grow at the Highest CAGR During the Forecast Period
Table 18 Smart Building Market Size, By Services, 2015-2022 (USD Million)
Table 19 Services: Market Size, By Region, 2015-2022 (USD Million)
Table 20 Market: Professional Services Market Size, By Service Type, 2015-2022 (USD Million)
Table 21 Market: Professional Services Market Size, By Region, 2015-2022 (USD Million)
Table 22 Professional Services: Consulting Services By Service Type Market Size, By Region, 2015-2022 (USD Million)
Table 23 Professional Services: System Integration and Deployment Services By Service Type Market Size, By Region, 2015-2022 (USD Million)
Table 24 Professional Services: Support and Maintenance Services By Service Type Market Size, By Region, 2015-2022 (USD Million)
Table 25 Smart Building Market: Managed Services Market Size, By Region, 2015-2022 (USD Million)
Table 26 Market Size, By Building Type, 2015-2022 (USD Million)
Table 27 Market: Manufacturing Facilities Segment Market Size, By Region, 2015-2022 (USD Million)
Table 28 Market: Residential Buildings Segment Market Size, By Region, 2015-2022 (USD Million)
Table 29 Market: Commercial Buildings Segment Market Size, By Region, 2015-2022 (USD Million)
Table 30 Market: University, School, & Hospital Buildings Segment Market Size, By Region, 2015-2022 (USD Million)
Table 31 Smart Building Market: Government & Public Infrastructure Facilities Segment Market Size, By Region, 2015-2022 (USD Million)
Table 32 Market: Others Market Size, By Region, 2015-2022 (Million)
Table 33 Market Size, By Region, 2015-2022 (USD Million)
Table 34 North America: Smart Building Market Size, By Type, 2015-2022 (USD Million)
Table 35 North America: Building Automation Software Segment, By Subtype, 2015-2022 (USD Million)
Table 36 North America: Intelligent Security System, By System Type, 2015-2022 (USD Million)
Table 37 North America: Building Energy Management System, By System Type, 2015-2022 (USD Million)
Table 38 North America: Infrastructure Management, By System Type, 2015-2022 (USD Million)
Table 39 North America: Market Size, By Services, 2015-2022 (USD Million)
Table 40 North America: Professional Services Segment, By Service Type, 2015-2022 (USD Million)
Table 41 North America: Market Size, By Building Type, 2015-2022 (USD Million)
Table 42 Europe: Smart Building Market Size, By Type, 2015-2022 (USD Million)
Table 43 Europe: Building Automation Software Segment, By Subtype, 2015-2022 (USD Million)
Table 44 Europe: Intelligent Security System, By System Type, 2015-2022 (USD Million)
Table 45 Europe: Building Energy Management System, By System Type, 2015-2022 (USD Million)
Table 46 Europe: Infrastructure Management, By System Type, 2015-2022 (USD Million)
Table 47 Europe: Market Size, By Services, 2015-2022 (USD Million)
Table 48 Europe: Professional Services, By Service Type, 2015-2022 (USD Million)
Table 49 Europe: Market Size, By Building Type, 2015-2022 (USD Million)
Table 50 Asia-Pacific: Smart Building Market Size, By Type, 2015-2022 (USD Million)
Table 51 Asia-Pacific: Building Automation Software Segment, By Subtype, 2015-2022 (USD Million)
Table 52 Asia-Pacific: Intelligent Security System, By System Type, 2015-2022 (USD Million)
Table 53 Asia-Pacific: Building Energy Management System, By System Type, 2015-2022 (USD Million)
Table 54 Asia-Pacific: Infrastructure Management, By System Type, 2015-2022 (USD Million)
Table 55 Asia-Pacific: Market Size, By Services, 2015-2022 (USD Million
Table 56 Asia-Pacific: Professional Services Segment, By Service Type, 2015-2022 (USD Million)
Table 57 Asia-Pacific: Market Size, By Building Type, 2015-2022 (USD Million)
Table 58 Middle East & Africa: Smart Building Market Size, By Type, 2015-2022 (USD Million)
Table 59 Middle East & Africa: Building Automation Software Segment, By Subtype, 2015-2022 (USD Million)
Table 60 Middle East & Africa: Intelligent Security System, By System Type, 2015-2022 (USD Million)
Table 61 Middle East & Africa: Building Energy Management System, By System Type, 2015-2022 (USD Million)
Table 62 Middle East & Africa: Infrastructure Management, By System Type, 2015-2022 (USD Million)
Table 63 Middle East & Africa: Market Size, By Services, 2015-2022 (USD Million
Table 64 Middle East & Africa: Professional Services Segment, By Service Type, 2015-2022 (USD Million)
Table 65 Middle East & Africa: Market Size, By Building Type, 2015-2022 (USD Million)
Table 66 Latin America: Smart Building Market Size, By Type, 2015-2022 (USD Million)
Table 67 Latin America: Building Automation Software Segment, By Subtype, 2015-2022 (USD Million)
Table 68 Latin America: Intelligent Security System, By System Type, 2015-2022 (USD Million)
Table 69 Latin America: Building Energy Management System, By System Type, 2015-2022 (USD Million)
Table 70 Latin America: Infrastructure Management, By System Type, 2015-2022 (USD Million)
Table 71 Latin America: Market Size, By Services, 2015-2022 (USD Million
Table 72 Latin America: Professional Services, By Service Type, 2015-2022 (USD Million)
Table 73 Latin America: Market Size, By Building Type, 2015-2022 (USD Million)

List of Figures

Figure 1 Smart Building Market: Research Design
Figure 2 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Services Segment to Grow at A Higher Rate From 2017 to 2022
Figure 7 Intelligent Security System Segment to Grow at the Highest CAGR From 2017 to 2022
Figure 8 Europe Estimated to Hold the Largest Share of the Smart Building Market in 2017
Figure 9 Rise in Adoption of IoT Platforms Expected to Boost the Market in the Forecast Period
Figure 10 Services Segment to Grow at A Higher Rate From 2017 to 2022
Figure 11 University, School & Hospital Buildings Segment to Grow at the Highest CAGR During the Forecast Period
Figure 12 Europe Estimated to Hold the Largest Share of the Smart Building Market in 2017
Figure 13 Immense Opportunities for Growth of the Smart Building Market in Asia-Pacific
Figure 14 Smart Building Market Supply Chain Analysis
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Market
Figure 16 Services Segment to Grow at the Highest Rate During the Forecast Period
Figure 17 The Residential Buildings Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Asia-Pacific Market to Grow at the Highest Rate From 2017 to 2022
Figure 19 Regional Snapshot: Asia-Pacific is the Emerging Region in the Market
Figure 20 North America Smart Building Market Snapshot
Figure 21 Europe Market Snapshot
Figure 22 Asia-Pacific Market Snapshot
Figure 23 Smart Building Market: Competitive Leadership Mapping, 2017
Figure 24 ABB: Company Snapshot
Figure 25 Cisco: Company Snapshot
Figure 26 IBM: Company Snapshot
Figure 27 Siemens: Company Snapshot
Figure 28 Schneider Electric: Company Snapshot
Figure 29 Honeywell International: Company Snapshot
Figure 30 Johnson Control: Company Snapshot
Figure 31 United Technologies Corporation: Company Snapshot
Figure 32 Buildingiq: Company Snapshot
Figure 33 Legrand: Company Snapshot

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  • ABB Group (Switzerland)
  • BuildingIQ (US)
  • Cisco Systems, Inc. (US)
  • Delta Controls (Canada)
  • Honeywell International Inc. (US)
  • International Business Machines Corporation (US)
  • Johnson Controls (US)
  • Legrand (France)
  • Schneider Electric (France)
  • Siemens AG (Germany)
  • United Technologies Corporation (US)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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