HOME Top Market Reports Smart Building Market by Building Automation Software (Intelligent Security Systems, Energy Management, Infrastructure Management), Building Type (Commercial, Residential, Government), Services (Professional and Managed) - Global Forecast to 2021

Smart Building Market by Building Automation Software (Intelligent Security Systems, Energy Management, Infrastructure Management), Building Type (Commercial, Residential, Government), Services (Professional and Managed) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: TC 3445

 

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The smart building market is estimated to grow from USD 5.73 Billion in 2016 to USD 24.73 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 34.0% during 2016–2021. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021. The objectives of the research study is to provide detailed information regarding the key factors influencing market growth; strategically analyze subsegments with respect to individual growth trends, future prospects, and contribution to the total market; analyze opportunities in the market for stakeholders; provide strategic profiles of the key players in the market to comprehensively analyze the core competencies; and draw competitive landscape of the market

The research methodology used to estimate and forecast the smart building market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary sources such as smart cities council, the EEE robotics and automation society, and Continental Automated Buildings Association (CABA). The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global  market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:

Smart Building Market

To know about the assumptions considered for the study, download the pdf brochure

The smart building market ecosystem include technology vendors such as ABB, Siemens, Schneider Electric, IBM, BuildingIQ, and UTC, among others which provide numerous IT and non-IT components required for smart building solution deployment whereas companies such as Accenture, TCS, Wipro, HP, and Capgemini are the market players providing assessment, consulting, system integration, and support services to smart building solutions.

Key Target Audience

  • System design and development vendors
  • System integrators/migration service providers
  • Consultants/consultancies/advisory firms
  • Support and maintenance service providers
  • Network service providers
  • Smart building products and solutions provider companies
  • Academic and research institutes
  • Government associations

Scope of the Report

The research report categorizes the smart building market to forecast the revenues and analyze the trends in each of the following subsegments:

By Building Automation Software  

  • Intelligent security system
    • Video surveillance system
    • Access control system
    • Emergency management system
  • Building energy management   system
    • Energy Management Platform
    • HVAC control system
    • Lighting control system
  • Infrastructure management
    • Parking management system
    • Smart water management
    • Elevators and escalators management system
  • Network and communication management systems

By Service

  • Professional services
    • Consulting services
    • System integration and deployment
    • Support and maintenance
  • Managed services

By Building Type

  • Manufacturing facilities
  • Residential buildings
  • Commercial buildings
  • University, school campuses, and hospital buildings
  • Government and public infrastructure facilities
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country level breakdown of the North American smart building market
  • Further country level breakdown of the European market
  • Further country level breakdown of the APAC market
  • Further country level breakdown of the MEA market
  • Further country level breakdown of the Latin American smart building market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Global Smart Building Market
    4.2 Market, By Type
    4.3 Global Market
    4.4 Lifecycle Analysis, By Region 2016

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Building Automation Software
           5.3.2 By Service
           5.3.3 By Building Type
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growing Initiatives By Government Authorities for Smart Building Projects
                    5.4.1.2 Emphasis on Energy Efficient Buildings and Reduction in Co2 Emission
                    5.4.1.3 Rising Need for Integrated Security and Safety Systems
                    5.4.1.4 Rising Adoption of IOT Platforms Within Building Automation Technology
                    5.4.1.5 Growing Demographics and Hyper-Urbanization
                    5.4.1.6 Decreasing Operating Costs
           5.4.2 Restraints
                    5.4.2.1 High Initial Cost of Deployment
                    5.4.2.2 Complexities in Replacing Or Upgrading the Legacy Systems
                    5.4.2.3 Limited Technically Skilled Staff
           5.4.3 Opportunities
                    5.4.3.1 Environmental Concerns and Green Building Initiatives
                    5.4.3.2 Evolving Cloud-Based Internet of Things Platforms
                    5.4.3.3 Rising Wave of Smart Cities
           5.4.4 Challenges
                    5.4.4.1 Lack of Awareness Among End Users
                    5.4.4.2 Integration of Real-Time Streaming Analytics Capabilities Into Smart Solutions

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking
    6.4 Vendor Portfolio Analysis

7 Smart Building Market Analysis, By Building Automation Software (Page No. - 48)
    7.1 Introduction
           7.1.1 Intelligent Security System
                    7.1.1.1 Video Surveillance System
                    7.1.1.2 Access Control System
                    7.1.1.3 Emergency Management System
           7.1.2 Building Energy Management System
                    7.1.2.1 Energy Management Platform
                    7.1.2.2 HVAC Control System
                    7.1.2.3 Lighting Control System
           7.1.3 Infrastructure Management
                    7.1.3.1 Parking Management System
                    7.1.3.2 Smart Water Management
                    7.1.3.3 Elevators and Escalators Management System
           7.1.4 Network Management Systems

8 Smart Building Market Analysis, By Service (Page No. - 62)
    8.1 Ntroduction
    8.2 Professional Services
           8.2.1 Consulting Services
           8.2.2 System Integration and Deployment Services
           8.2.3 Support and Maintenance Services
    8.3 Managed Services

9 Smart Building Market Analysis, By Building Type (Page No. - 69)
    9.1 Introduction
    9.2 Manufacturing Facilities
    9.3 Residential Buildings
    9.4 Commercial Buildings
    9.5 University, School Campuses and Hospital Buildings
    9.6 Government and Public Infrastructure Facilities
    9.7 Others

10 Geographic Analysis (Page No. - 76)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Middle East and Africa (MEA)
     10.6 Latin America

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
             11.1.1 Competitive Situation and Trends
             11.1.2 New Product Launches
             11.1.3 Partnerships, Agreements, and Collaborations
             11.1.4 Acquisitions
             11.1.5 Expansions

12 Company Profile (Page No. - 112)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 ABB Group
     12.3 Siemens AG
     12.4 Schneider Electric SE
     12.5 Cisco Systems, Inc.
     12.6 IBM Corporation
     12.7 Flamencotech
     12.8 Delta Controls
     12.9 Johnson Controls, Inc.
     12.10 Honeywell International Inc.
     12.11 United Technologies Corporation
     12.12 Buildingiq, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 142)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introduction RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (78 Tables)

Table 1 Smart Building Market Size and Growth, 2014–2021 (USD Million, Y-O-Y %)
Table 2 Market Size, By Type, 2014–2021 (USD Million)
Table 3 Market Size, By Building Automation Software, 2014–2021 (USD Million)
Table 4 Market: Building Automation Software Market Size, By Region, 2014–2021 (USD Million)
Table 5 Building Automation Software: Intelligent Security System Market Size, By Type, 2014-2021 (USD Million)
Table 6 Intelligent Security System: Viideo Surveillance System Market Size, By Region, 2014-2021 (USD Million)
Table 7 Intelligent Security System:Access Control System Market Size, By Region, 2014-2021 (USD Millions)
Table 8 Intelligent Security System:Emergency Management System Market Size, By Region, 2014-2021 (USD Millions)
Table 9 Building Automation Software: Building Energy Management System Market Size, By Type, 2014–2021 (USD Million)
Table 10 Building Energy Management System:Energy Management Platform Market Size, By Region, 2014-2021 (USD Million)
Table 11 Building Energy Management System:HVAC Control System Market Size, By Region, 2014-2021 (USD Million)
Table 12 Bulding Energy Management System:Lightning Control System Market Size, By Region, 2014-2021 (USD Million)
Table 13 Building Automation Software:Infrastructure Management Market Size, By Type, 2014-2021 (USD Million)
Table 14 Building Automation Software:Parking Management System Market Size, By Region, 2014-2021 (USD Million)
Table 15 Building Automation Software:Smart Water Managemet Market Size, By Region, 2014-2021 (USD Million)
Table 16 Building Automation Software:Elevators and Escalators Management System Market Size, By Region, 2014-2021 (USD Million)
Table 17 Building Automation Software:Network Management Systems Market Size, By Region, 2014-2021 (USD Million)
Table 18 Managed Services is Expected to Grow at A Higher CAGR During the Forecast Period
Table 19 Smart Building Market Size, By Service, 2014–2021 (USD Million)
Table 20 Services: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Market:Professional Services Market Size, By Type, 2014-2021 (USD Million)
Table 22 Market: Professional Services Market Size, By Region, 2014–2021 (USD Million)
Table 23 Professional Services:Consulting Services Market Size, By Region, 2014-2021 (USD Million)
Table 24 Professional Services:System Integration and Deployment Services Market Size, By Region, 2014-2021 (USD Million)
Table 25 Professional Services:Support and Maintenace Services Market Size, By Region, 2014-2021 (USD Million)
Table 26 Smart Building Market: Managed Services Market Size, By Region, 2014–2021 (USD Million)
Table 27 Market Size, By Building Type, 2014–2021 (USD Million)
Table 28 Manufacturing Facilities: Market Size, By Region, 2014–2021 (USD Million)
Table 29 Residential Buildings: Market Size, By Region, 2014–2021 (USD Million)
Table 30 Commercial Buildings: Market Size, By Region, 2014–2021 (USD Million)
Table 31 University, School Campuses and Hospital Buildings: Market Size, By Region, 2014-2021 (USD Million)
Table 32 Government and Public Infrastructure Facilities: Smart Building Market Size, By Region, 2014-2021 (USD Million)
Table 33 Others: Market Size, By Region, 2014-2021 (Million)
Table 34 Market Size, By Region, 2014–2021 (USD Million)
Table 35 North America: Market Size, By Type, 2014–2021 (USD Million)
Table 36 North America: Market Size, By Building Automation Software, 2014–2021 (USD Million)
Table 37 North America: Market Size, By Intelligent Security System, 2014-2021 (USD Million)
Table 38 North America: Market Size, By Building Energy Management System, 2014-2021 (USD Million)
Table 39 North America: Market Size, By Infrastructure Management, 2014-2021 (USD Million)
Table 40 North America: Smart Building Market Size, By Service, 2014–2021 (USD Million)
Table 41 North America: Market Size, By Professional Service, 2014-2021 (USD Million)
Table 42 North America: Market Size, By Building Type, 2014–2021 (USD Million)
Table 43 Europe: Market Size, By Type, 2014–2021 (USD Million)
Table 44 Europe: Market Size, By Building Automation Software, 2014–2021 (USD Million)
Table 45 Europe: Market Size, By Intelligent Security System, 2014-2021 (USD Million)
Table 46 Europe: Market Size, By Building Energy Management System, 2014-2021 (USD Million)
Table 47 Europe: Smart Building Market Size, By Infrastructure Management, 2014-2021 (USD Million)
Table 48 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 49 Europe: Market Size, By Professional Service, 2014-2021 (USD Million)
Table 50 Europe: Market Size, By Building Type, 2014–2021 (USD Million)
Table 51 Asia-Pacific: Market Size, By Type, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Market Size, By Building Automation Software, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Market Size, By Intelligent Security System, 2014-2021 (USD Million)
Table 54 Asia-Pacific: Market Size, By Building Energy Management System, 2014-2021 (USD Million)
Table 55 Asia-Pacific: Market Size, By Infrastructure Management, 2014-2021 (USD Million)
Table 56 Asia-Pacific: Smart Building Market Size, By Service, 2014–2021 (USD Million)
Table 57 Asia-Pacific: Market Size, By Professional Service, 2014-2021 (USD Million)
Table 58 Asia-Pacific: Market Size, By Building Type, 2014–2021 (USD Million)
Table 59 Middle East and Africa: Market Size, By Type, 2014–2021 (USD Million)
Table 60 Middle East and Africa: Market Size, By Building Automation Software, 2014–2021 (USD Million)
Table 61 Middle East and Africa: Market Size, By Intelligent Security System, 2014–2021 (USD Million)
Table 62 Middle East and Africa: Market Size, By Building Energy Management System, 2014–2021 (USD Million)
Table 63 Middle East and Africa: Market Size, By Infrastructure Management, 2014–2021 (USD Million)
Table 64 Middle East and Africa: Smart Building Market Size, By Service, 2014–2021 (USD Million)
Table 65 Middle East and Africa: Market Size, By Professional Service, 2014-2021 (USD Million)
Table 66 Middle East and Africa: Market Size, By Building Type, 2014–2021 (USD Million)
Table 67 Latin America: Smart Building Market Size, By Type, 2014–2021 (USD Million)
Table 68 Latin America: Market Size, By Building Automation Software, 2014–2021 (USD Million)
Table 69 Latin America: Market Size, By Intelligent Security System, 2014–2021 (USD Million)
Table 70 Latin America: Market Size, By Building Energy Management System, 2014–2021 (USD Million)
Table 71 Latin America: Market Size, By Infrastructure Management, 2014–2021 (USD Million)
Table 72 Latin America: Smart Building Market Size, By Service, 2014–2021 (USD Million)
Table 73 Latin America: Market Size, By Professional Service, 2014-2021 (USD Million)
Table 74 Latin America: Market Size, By Building Type, 2014–2021 (USD Million)
Table 75 New Product Launches, 2012–2016
Table 76 Partnerships, Agreements, and Collaborations, 2013–2016
Table 77 Acquisitions, 2012–2016
Table 78 Expansions, 2012–2016


List of Figures (51 Figures)

Figure 1 Global Smart Building Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Global Smart Building Market Size and Growth Rate, 2014-2021 (USD Billion, Y-O-Y %)
Figure 7 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 8 Intelligent Security System is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 10 Residential Buildings is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 11 Fastest-Growing Segments of Smart Building Market
Figure 12 Europe is Estimated to Hold the Largest Market Share in 2016
Figure 13 Rise in the Adoption of IOT Platforms is Expected to Boost the Smart Building Market
Figure 14 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Commercial Buildings is Expected to Hold the Largest Share of the Market in 2016
Figure 16 The Smart Building Market has Immense Opportunities for the Growth in Asia-Pacific and MEA
Figure 17 Evolution of the Market
Figure 18 Market, By Building Automation Software
Figure 19 Market, By Service
Figure 20 Market, By Building Type
Figure 21 Market, By Region
Figure 22 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Smart Building Market: Value Chain
Figure 24 Market: Strategic Benchmarking
Figure 25 Strategic Benchmarking: Technology Integration and Product Enhancement
Figure 26 Vendor Portfolio Analysis
Figure 27 Intelligent Security System is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Residential Buildings Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 29 Europe to Hold the Largest Market Share in the Global Smart Building Market During the Forecast Period
Figure 30 Regional Snapshot: Asia-Pacific is the Emerging Region in the Market
Figure 31 North America Market Snapshot: Presence of Key Smart Building Vendors is A Major Factor Contributing Towards the Growth of the Market
Figure 32 Europe Smart Building Market Snapshot: Presence of Key Smart Building Vendors is A Major Factor Contributing Towards the Growth of the Market
Figure 33 Asia-Pacific Market Snapshot: Increase in Demand for Building Energy Management is A Major Factor Contributing Towards the Growth of the Smart Building Market
Figure 34 Companies Adopted New Product Launches, Partnerships, and Acquisitions as Key Growth Strategies During 2013–2016
Figure 35 Smart Building Market Evalution Framework
Figure 36 Battle for Market Share: Partnerships/Agreements/Collaborations is the Key Strategy
Figure 37 Geographic Revenue Mix of Top Market Players
Figure 38 ABB Group: Company Snapshot
Figure 39 ABB Group: SWOT Analysis
Figure 40 Siemens AG: Company Snapshot
Figure 41 Siemens AG: SWOT Analysis
Figure 42 Schneider Electric SE: Company Snapshot
Figure 43 Schneider Electric SE: SWOT Analysis
Figure 44 Cisco Systems, Inc.: Company Snapshot
Figure 45 Cisco Systems, Inc.: SWOT Analysis
Figure 46 IBM Corporation : Company Snapshot
Figure 47 IBM Corporation: SWOT Analysis
Figure 48 Jhonson Controls, Inc.: Company Snapshot
Figure 49 Honeywell International Inc.: Company Snapshot
Figure 50 United Technologies Corporation: Company Snapshot
Figure 51 Buildingiq, Inc.: Company Snapshot

The smart building market size is estimated to grow from USD 5.73 Billion in 2016 and to USD 24.73 Billion by 2021, at a CAGR of 34.0% from 2016 to 2021. Some of the major factors that are driving the growth of the market include the growing government initiatives for the development of smart building projects, rising focus on green buildings, and evolution of building management IoT platforms. Furthermore, due to the rise in the demand for integrated and next generation security systems, evolution of cloud-based solutions, and increasing wave of smart cities, there are huge growth opportunities expected for the market in the next five years.

The scope of this report covers the smart building market analysis by building automation software, service, building type, and region. The commercial building type is expected to dominate the building type segment with the largest market share during the forecast period whereas residential building type is estimated to grow at the highest rate. With the increasing demand for efficient energy management, need for reducing carbon footprints, mandatory regulations and policies for energy efficiency, the building energy management system market is expected to grow at the highest growth rate during the forecast period.

The integrated security system segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing need to maintain the robust security level, monitor activities, and control access across the various building types.

By service segment, the professional services segment holds the largest market share, which supports the implementation of smart solutions across various building types. The rising wave of smart cities infrastructure will fuel the growth of smart building market projects across the globe.

As per the geographic analysis, the adoption of smart building market solutions across APAC is estimated to rise at a significant rate due to the regulatory push, amended policy framework, operational efficiencies, cost containment, and sustainability benefits and changing business dynamics. These factors would drive market awareness about the business value and return on investment, which can be realized in the long run. The regional analysis of the market involves the classification of the building automation software, services, building type segments into North America, Europe, APAC, MEA, and Latin America.

Smart Building Market

A few of the restraining factors that affect the growth of the market include huge initial cost of deployment, system integration complexities on legacy systems, and lack of end user awareness. The major smart building solution vendors profiled in the report include ABB Ltd., Siemens AG, Schneider Electric SE, Cisco Systems, Inc., IBM Corporation, Delta Controls, Johnson Controls, Honeywell International Inc., United Technologies Corporation, and BuildingIQ, among others. These players have adopted various strategies such as new product developments, mergers, strategic partnerships and collaborations, and regional expansions to cater to the needs of the global smart building market.

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