HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: TC 3445

 

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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 Compound Annual Growth Rate (CAGR) of 33.7% during the period 2017–2022.  The base year considered for the study is 2016.

Objectives of the study:

  • To determine and forecast the global smart building market based on type, building type, and region from 2017 to 2022. and analyze the various macro- and micro-economic factors that affect market growth
  • To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the smart building market
  • To strategically analyse each submarket with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To profile key market players, provide comparative analysis based on business overviews, product offerings, regional presence, business strategies, key financials, with the help of in-house statistical tools to understand the competitive landscape
  • To track and analyse competitive developments, such as mergers & acquisitions, product developments, partnerships & collaborations, and Research & Development (R&D) activities in the market

The research methodology used to estimate and forecast the smart building market size begins with capturing data of key vendor revenues through secondary research such as annual reports, white papers, certified publications, databases such as Factiva and Hoovers, press releases, and investor presentations of smart building solutions and service vendors, as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall global smart building market size from the revenues of key market players. 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 individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. 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 the profiles of primary participants is depicted in the figure below:

Smart Building Market

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

The smart building market ecosystem includes key players, such as the ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric (France), Cisco Systems, Inc. (US), International Business Machines Corporation (US), Delta Controls (Canada), Johnson Controls (US), Honeywell International Inc. (US), United Technologies Corporation (US), Legrand (France), and BuildingIQ (US) that provide solutions and services required for smart buildings.

Key Target Audience

  • System Design & Development Vendors
  • System Integrators/Migration Service Providers
  • Consultants/Consultancies/Advisory Firms
  • Support & Maintenance Service Providers
  • Network Service Providers
  • Smart Building Product & Solution 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 Type 

  • Building Automation Software
  • Services

By Building Type

  • Manufacturing Facilities
  • Residential Buildings
  • Commercial Buildings
  • University, School, & Hospital Buildings
  • Government & Public Infrastructure Facilities
  • Others

By Region

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

Available Customizations

Along 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 America smart building market
  • Further country-level breakdown of the Europe market
  • Further country-level breakdown of the Asia Pacific market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    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 (Page No. - 17)
    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 (Page No. - 23)

4 Premium Insights (Page No. - 26)
    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 (Page No. - 29)
    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 (Page No. - 35)
    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 (Page No. - 52)
    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 (Page No. - 58)
    8.1 Introduction
    8.2 North America
    8.3 Europe
    8.4 Asia-Pacific
    8.5 Middle East & Africa (Mea)
    8.6 Latin America

9 Competitive Landscape (Page No. - 80)
    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 (Page No. - 84)
     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 (Page No. - 118)
     11.1 Industry Excerpts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (73 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 (33 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

The global 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 2017–2022. The growing need for integrated security and safety systems and decreasing operational costs are some of the major factors driving the market.

The smart building market has been segmented on the basis of type, building type, and region. Based on type, the market has been further classified into building automation software and services. The services segment is expected to grow at the highest CAGR during the forecast period. 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. The commercial building segment is expected to account for the largest market share during the forecast period. The smart building market has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

On the basis of region, Europe is expected to account for the largest market share during the forecast period. This is due to increased initiatives by the region’s governments for building smart and intelligent structures. Moreover, in Europe initiatives to further push smart and zero energy buildings, with mandatory changes to country level building codes and the Energy Performance of Buildings Directive (EPBD), are expected to enhance existing infrastructure and lead to the growth of the smart building market.

Smart Building Market

Factors that affect market growth include the high initial investment costs for a smart building. Thus, the high initial costs involved in the design and installation of building automation is a major restraint for building owners or buyers with respect to the smart building concept. Building owners and end users often do not realize that the cost is primarily dependent on the complexity involved in integrating different applications. However, growing efforts by manufacturers, facility managers, and governments to increase customer awareness of the long-term benefits of installing building automation systems are expected to reduce the impact of this restraining factor in future. Key players in the smart building market include ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric (France), Cisco Systems, Inc. (US), International Business Machines Corporation (US), Delta Controls (Canada), Johnson Controls (US), Honeywell International Inc. (US), United Technologies Corporation (US), Legrand (France), and BuildingIQ (US).

These companies are focusing on developing smart building solutions and services by adopting various growth strategies, such as partnerships and collaborations, contracts, mergers and acquisitions, new product launches, and business expansions to increase their market shares in the smart building market.

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