HOME Top Market Reports Building Analytics Market by Application (Fault Detection and Monitoring, Energy Management, Emergency Management, Security Management), Component (Software and Services), Deployment Mode, Building Type, and Region - Global Forecast to 2023

Building Analytics Market by Application (Fault Detection and Monitoring, Energy Management, Emergency Management, Security Management), Component (Software and Services), Deployment Mode, Building Type, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: September 2018
Report Code: TC 6576

 

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The global building analytics market size was USD 4.76 billion in 2017 and is projected to reach USD 11.10 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period. The base year for this report is 2017, and the market forecast period is 2018–2023. Major growth factors for the market include an increased demand for energy-efficient systems and a growing focus on decreasing operational cost.

Objectives of the Study

The major objective of the report is to define, describe, and forecast the global building analytics market by application, component, deployment mode, building type, and region. The report provides detailed information related to the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth. The report aims to strategically analyze micro-markets with respect to the individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and upgradations; and Research and Development (R&D) activities in the global building analytics market.

Research Methodology

The research methodology used to estimate and forecast the market begins with capturing the data on the key vendor revenues through secondary research, which includes directories and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Vendor offerings are also considered to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall global building analytics market size that is derived from the revenue of the key players in the market. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.

The breakup of profiles of primary participants is depicted in the figure below:

Building Analytics Market

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

The building analytics market includes a number of major vendors providing software and services, such as General Electric Company (US), IBM Corporation (US), Siemens (Germany), Honeywell (US), ICONICS (US), Johnson Controls (Ireland), Schneider Electric (France), Lucid (US), EnerNOC (US), BuildingIQ (US),  Senseware (US), KGS Buildings (US), ENGIE Insight (France), BuildingLogiX (US), Lutron Electronics (US), CopperTree Analytics (Canada), EcoVox (US), GridPoint (US), Energy Advantage (US), Delta Electronics (Taiwan), BuildPulse (US), Crestron Electronics (US), PointGrab (Israel), Verdigris (US), and Noveda (US).

Key Target Audience:

  • Application developers
  • Service providers and distributors
  • Third-party vendors
  • Independent Software Vendors (ISVs)
  • Enterprises
  • End-users
  • Smart manufacturing consultants

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

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

By Application

  • Fault Detection and Monitoring
  • Energy Management
  • Security Management
  • Emergency Management
  • Parking Management
  • Operations Management
  • Elevators and Escalators Management
  • Network management
  • Others (quality management and water management)

By Component

  • Software
  • Services

By Deployment mode

  • On-Premises
  • Cloud

By Building Type

  • Manufacturing Facilities
  • Residential Buildings
  • Commercial Buildings
  • Public Places
  • Government Buildings
  • Others (Education and Healthcare Facilities)

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

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

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players up to 5

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    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. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Building Analytics Market
    4.2 Market Regional Analysis
    4.3 Investment Opportunities in the Market

5 Market Overview and Industry Trends (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increased Demand for Energy-Efficient Systems
                    5.2.1.2 Decreasing Operational Cost
           5.2.2 Restraints
                    5.2.2.1 High Cost of Implementation
           5.2.3 Opportunities
                    5.2.3.1 Government Initiatives and Incentives
                    5.2.3.2 Growing Adoption of Cloud-Based IoT Platforms
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness About Building Analytics Solutions
    5.3 Industry Trends
    5.4 Building Analytics: Use Cases
           5.4.1 Use Case #1: Minimizing Energy Cost and Consumption
           5.4.2 Use Case #2: Managing and Improving Asset Life Cycle
    5.5 Regulations
           5.5.1 Bacnet—A Data Communication Protocol for Building Automation and Control Networks
           5.5.2 Knx
           5.5.3 Digital Addressable Lighting Interface (DALI)
           5.5.4 EU General Data Protection Regulation (GDPR)
           5.5.5 Modbus
           5.5.6 Cloud Standard Customer Council (CSCC)
    5.6 Ecosystem

6 Building Analytics Market, By Application (Page No. - 43)
    6.1 Introduction
    6.2 Fault Detection and Monitoring
    6.3 Energy Management
           6.3.1 Heating, Ventilation, and Air Conditioning Control Systems Management
           6.3.2 Lighting Control Systems Management
    6.4 Security Management
           6.4.1 Video Surveillance
           6.4.2 Access Control
    6.5 Emergency Management
    6.6 Parking Management
           6.6.1 Parking Fee and Revenue Management
           6.6.2 Parking Reservation Management
           6.6.3 Parking Guidance and Slot Management
    6.7 Operations Management
    6.8 Elevators and Escalators Management
    6.9 Network Management
    6.10 Others

7 Building Analytics Market, By Component (Page No. - 53)
    7.1 Introduction
    7.2 Software
    7.3 Services
           7.3.1 Managed Services
           7.3.2 Professional Services
                    7.3.2.1 Consulting
                    7.3.2.2 Support and Maintenance

8 Market By Deployment Mode (Page No. - 61)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Building Analytics Market, By Building Type (Page No. - 65)
    9.1 Introduction
    9.2 Manufacturing Facilities
    9.3 Residential Buildings
    9.4 Commercial Buildings
    9.5 Public Places
    9.6 Government Buildings
    9.7 Others

10 Building Analytics Market, By Region (Page No. - 72)
     10.1 Introduction
     10.2 North America
             10.2.1 By Application
             10.2.2 By Component
             10.2.3 By Deployment Mode
             10.2.4 By Building Type
             10.2.5 By Country
                        10.2.5.1 United States
                        10.2.5.2 Canada
     10.3 Europe
             10.3.1 By Application
             10.3.2 By Component
             10.3.3 By Deployment Mode
             10.3.4 By Building Type
             10.3.5 By Country
                        10.3.5.1 United Kingdom
                        10.3.5.2 Germany
                        10.3.5.3 France
                        10.3.5.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 By Application
             10.4.2 By Component
             10.4.3 By Deployment Mode
             10.4.4 By Building Type
             10.4.5 By Country
                        10.4.5.1 Japan
                        10.4.5.2 China
                        10.4.5.3 Singapore
                        10.4.5.4 India
                        10.4.5.5 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 By Application
             10.5.2 By Component
             10.5.3 By Deployment Mode
             10.5.4 By Building Type
             10.5.5 By Country
                        10.5.5.1 United Arab Emirates
                        10.5.5.2 Kingdom of Saudi Arabia
                        10.5.5.3 South Africa
                        10.5.5.4 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 By Application
             10.6.2 By Component
             10.6.3 By Deployment Mode
             10.6.4 By Building Type
             10.6.5 By Country
                        10.6.5.1 Mexico
                        10.6.5.2 Brazil
                        10.6.5.3 Rest of Latin America

11 Competitive Landscape (Page No. - 96)
     11.1 Overview
     11.2 Prominent Players in the Building Analytics Market
     11.3 Competitive Scenario
             11.3.1 New Product Launches and Product Upgradations
             11.3.2 Partnerships, Collaborations, and Agreements
             11.3.3 Business Expansions
             11.3.4 Acquisitions

12 Company Profiles (Page No. - 103)
(Business Overview, Platforms/ Software/ Services/ Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Schneider Electric
     12.2 Johnson Controls
     12.3 IBM
     12.4 Honeywell
     12.5 Siemens
     12.6 General Electric
     12.7 Buildingiq
     12.8 Iconics
     12.9 Coppertree Analytics
     12.10 Delta Electronics
     12.11 Enernoc
     12.12 Buildpulse
     12.13 Engie Insight
     12.14 Gridpoint
     12.15 Ecovox
     12.16 Buildinglogix
     12.17 Crestron Electronics
     12.18 Energy Advantage
     12.19 Lucid
     12.20 Noveda Technologies
     12.21 Senseware
     12.22 Pointgrab
     12.23 Kgs Buildings
     12.24 Verdigris
     12.25 Lutron Electronics

*Details on Business Overview, Platforms/ Software/ Services/ Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 150)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customization
     13.5 Related Reports
     13.6 Author Details


List of Tables (71 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2017
Table 2 Building Analytics Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Market Size By Application, 2016–2023 (USD Million)
Table 4 Fault Detection and Monitoring: Market Size By Region, 2016–2023 (USD Million)
Table 5 Energy Management: Market Size By Region, 2016–2023 (USD Million)
Table 6 Security Management: Market Size By Region, 2016–2023 (USD Million)
Table 7 Emergency Management: Market Size By Region, 2016–2023 (USD Million)
Table 8 Parking Management: Market Size By Region, 2016–2023 (USD Million)
Table 9 Operations Management: Market Size By Region, 2016–2023 (USD Million)
Table 10 Elevators and Escalators Management: Market Size By Region, 2016–2023 (USD Million)
Table 11 Network Management: Market Size By Region, 2016–2023 (USD Million)
Table 12 Others: Market Size By Region, 2016–2023 (USD Million)
Table 13 Building Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 14 Software: Market Size By Region, 2016–2023 (USD Million)
Table 15 Services: Market Size By Region, 2016–2023 (USD Million)
Table 16 Services: Market Size By Type, 2016–2023 (USD Million)
Table 17 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 18 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 19 Professional Services Market Size, By Type, 2016–2023 (USD Million)
Table 20 Consulting Market Size, By Region, 2016–2023 (USD Million)
Table 21 Support and Maintenance Market Size, By Region, 2016–2023 (USD Million)
Table 22 Building Analytics Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 23 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 24 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 25 Building Analytics Market Size, By Building Type, 2016–2023 (USD Million)
Table 26 Manufacturing Facilities: Market Size By Region, 2016–2023 (USD Million)
Table 27 Residential Buildings: Market Size By Region, 2016–2023 (USD Million)
Table 28 Commercial Buildings: Market Size By Region, 2016–2023 (USD Million)
Table 29 Public Places: Market Size By Region, 2016–2023 (USD Million)
Table 30 Government Buildings: Market Size By Region, 2016–2023 (USD Million)
Table 31 Others: Market Size By Region, 2016–2023 (USD Million)
Table 32 Building Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 33 North America: Market Size By Application, 2016–2023 (USD Million)
Table 34 North America: Market Size By Component, 2016–2023 (USD Million)
Table 35 North America: Market Size By Service, 2016–2023 (USD Million)
Table 36 North America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 37 North America: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 38 North America: Market Size By Building Type, 2016–2023 (USD Million)
Table 39 North America: Market Size By Country, 2016–2023 (USD Million)
Table 40 Europe: Building Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 41 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 42 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 43 Europe: Market Size By Professional Service, 2016–2023 (USD Million)
Table 44 Europe: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 45 Europe: Market Size By Building Type, 2016–2023 (USD Million)
Table 46 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 47 Asia Pacific: Building Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 48 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 49 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 50 Asia Pacific: Market Size By Professional Service, 2016–2023 (USD Million)
Table 51 Asia Pacific: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 52 Asia Pacific: Market Size By Building Type, 2016–2023 (USD Million)
Table 53 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Building Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Market Size By Component, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size By Professional Service, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 59 Middle East and Africa: Market Size By Building Type, 2016–2023 (USD Million)
Table 60 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 61 Latin America: Building Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 62 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 63 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 64 Latin America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 65 Latin America: Market Size By Deployment Mode, 2016–2023 (USD Million)
Table 66 Latin America: Market Size By Building Type, 2016–2023 (USD Million)
Table 67 Latin5 America: Market Size By Country, 2016–2023 (USD Million)
Table 68 New Product Launches and Product Upgradations, 2016–2018
Table 69 Partnerships, Collaborations, and Agreements, 2016–2018
Table 70 Business Expansions, 2017–2018
Table 71 Acquisitions, 2015–2018


List of Figures (44 Figures)

Figure 1 Building Analytics Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Building Analytics Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Building Analytics Market: Assumptions
Figure 9 Global Building Analytics Market is Expected to Register Significant Growth During the Forecast Period
Figure 10 Building Analytics Market Snapshot, By Component, 2018 vs 2023
Figure 11 Building Analytics Market Snapshot, By Service, 2018 vs 2023
Figure 12 Building Analytics Market Snapshot, By Application, 2018 vs 2023
Figure 13 Building Analytics Market Snapshot, By Deployment Mode, 2018 vs 2023
Figure 14 Building Analytics Market Snapshot, By Building Type, 2018–2023
Figure 15 Increasing Demand for Energy-Efficient Systems and the Decreasing Operational Costs are Expected to Drive the Growth of the Building Analytics Market
Figure 16 Europe is Estimated to Have the Largest Market Share in 2018
Figure 17 Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 18 Building Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Building Analytics Market Ecosystem
Figure 20 Energy Management Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Consulting Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Manufacturing Facilities Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Europe: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Key Developments By the Leading Players in the Building Analytics Market, 2015–2018
Figure 30 Schneider Electric: Company Snapshot
Figure 31 Schneider Electric: SWOT Analysis
Figure 32 Johnson Controls: Company Snapshot
Figure 33 Johnson Controls: SWOT Analysis
Figure 34 IBM: Company Snapshot
Figure 35 IBM: SWOT Analysis
Figure 36 Honeywell: Company Snapshot
Figure 37 Honeywell: SWOT Analysis
Figure 38 Siemens: Company Snapshot
Figure 39 Siemens: SWOT Analysis
Figure 40 General Electric: Company Snapshot
Figure 41 Buildingiq: Company Snapshot
Figure 42 Delta Electronics: Company Snapshot
Figure 43 Enernoc: Company Snapshot
Figure 44 Engie Insight: Company Snapshot

MarketsandMarkets expects the global building analytics market size to grow from USD 5.94 billion in 2018 to USD 11.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period. Major growth factors for the market include an increased demand for energy-efficient systems and a growing focus on decreasing operational cost requirement.

The report provides detailed insights into the global building analytics market by application, component, deployment mode, building type, and region. Among applications, the energy management application is expected to continue to dominate the market during the forecast period. The HVAC and lighting controls systems facilitate the growth of the overall energy management systems and the segment is expected to grow at the highest CAGR during the forecast period. The parking management system segment is expected to grow at the second highest CAGR with the growing importance of parking fee and revenue management, and parking guidance and slots management applications.

In the component segment, the building analytics software segment is expected to hold a higher market share during the forecast period. The demand for building analytics software is growing, as organizations need building analytics to manage increasing data volumes to enhance productivity and manage energy efficiency.

Among deployment models, the cloud deployment model is expected to grow at a higher CAGR during the forecast period, owing to its cost-effectiveness, scalability, and ease of deployment. However the on-premises segment is expected to dominate the market in terms of market size, as companies majorly focus on deploying on-premises solutions for efficient data management to reduce operational costs and drive business growth.

The commercial buildings segment is expected to hold the largest market size during the forecast period. The segment is witnessing new growth opportunities coupled with rapid digital initiatives. Office buildings are prominent end users of the building analytics in the commercial sector, due to the major use of energy consuming equipment such as HVAC and lighting systems in these buildings. Similarly, the development of large shopping malls, auditoriums, and marriage halls is encouraging the owners to install building analytics solutions in new as well as old buildings. The manufacturing facilities segment is expected to grow at the highest CAGR during the forecast period.

Building Analytics Market

The report covers all the major aspects of the building analytics market and provides an in-depth analysis across 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. Europe and North America are expected to have a significant share in the global market, owing to the direct presence of most of building analytics vendors. APAC is expected to provide significant growth opportunities and grow at the highest CAGR during the forecast period. Major growth drivers for the APAC market include the growing adoption of building analytics software and services among various types of buildings, and increasing adoption of IoT-based technologies.

However, high implementation costs would restrain the market growth. Growing government initiatives and incentives and increasing adoption of cloud-based IoT platforms would create lucrative opportuntities for vendors in the global building analytics market.

The global building analytics market is fragmented, as no single vendor dominates the market. Major vendors of building analytics software and services include Honeywell International Inc. (US) International Business Machines Corporation (IBM; US), Johnson Controls International Plc. (Ireland) Schneider Electric SE (France), General Electric Company (GE; US), Siemens AG (Germany), ENGIE Insight Services Inc. (France), Lucid (US), EnerNOC, Inc. (US), BuildingIQ (US), ICONICS, Inc. (US), Senseware (US), KGS Buildings, LLC (US), BuildingLogiX (US), Lutron Electronics Co., Inc. (US), CopperTree Analytics, Inc. (Canada), EcoVox, Inc. (US), GridPoint (US), Energy Advantage (US), Delta Electronics Industry Co., Ltd. (Taiwan), BuildPulse (US), Crestron Electronics, Inc. (US), PointGrab Inc. (Israel), Verdigris (US), and NOVEDA Technologies, Inc. (US). These vendors have adopted several types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, expansions, and acquisitions, to expand their offerings in the global building analytics market.

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