Global Smart Building Market, By Building Automation Software, By Services (Professional Services & Managed Services), By Building Type, By Region, Competition, Forecast & Opportunities, 2024

The Global Smart Building Market is expected to grow at a CAGR of 32.7% during the forecast period. The major factors driving the market include growing need for integrated security and safety systems coupled with the increasing government focus on smart cities. Smart building refers to the automatic and centralized control of a building’s heating, ventilation, air conditioning, lighting, security and other systems. Smart building reduces energy consumption and also reduce the overall operational cost.

Years considered for this report:

• Historical Years: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020–2024

Objective of the Study:

• To analyze and forecast the market size of the Global Smart Building Market.
• To classify and forecast the Global Smart Building Market based on Building Automation software, services, building type and regional distribution.
• To identify drivers and challenges for the Global Smart Building Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Smart Building Market.
• To identify and analyze the profile of leading players involved in the manufacturing of the Global Smart Building Market.

Some of the leading players in the Global Smart Building Market are Honeywell International, ABB Ltd., Schneider Electric, Siemens, Cisco, Johnson Controls, Emerson Electric, Legrand, United Technologies Corporation, etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of collaboration key vendors across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the key vendors which could not be identified due to the limitations of secondary research. They analyzed the service offerings, distribution channels and presence of all major collaboration key vendors across the globe.

The author calculated the market size of the Global Smart Building Market by using a bottom-up approach, where data for various end-user industries and its application across various product types were recorded and forecast for the future years. they sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• System Integrators/Migration Service Providers
• Support & Maintenance Service Providers
• Network security Providers
• System Design & Development Vendors
• Research organizations and consulting companies
• Research Institutes
• Industry associations

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration key vendors, distributors and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Smart Building Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Building Automation Software Type:

• Intelligent Security System
• Building Energy Management System
• Infrastructure Management System
• Network Management System

Market, By Services:

• Professional Services
• Managed Services

Market, By Building Type:

• Commercial Buildings
• Residential Buildings
• Government & Public Infrastructure Facilities
• Educational Institutions
• Others

Market, by Region:

• Europe
• United Kingdom
• France
• Germany
• Italy
• Spain
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• Japan
• Australia
• India
• South Korea
• Middle East and Africa
• UAE
• Saudi Arabia
• Qatar
• South Africa
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Smart Building Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.