Smart Buildings Market

Smart Buildings Market by Component (Solution (Safety and Security Management, Energy Management, Building Infrastructure Management, Network Management, IWMS), Services), Building Type (Residential, Commercial, Industrial), Region - Global Forecast to 2025

Report Code: TC 3445 Jan, 2021, by marketsandmarkets.com

[249 Pages Report] The Smart buildings market is projected to grow from from USD 66.3 billion in 2020 to USD 108.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. The major drivers for the Smart building include rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increase demand for energy efficient system.

Smart Building Market

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COVID-19 impact on the global smart buildings market

The outbreak of COVID-19 has adversely affected the North American economy. However, the region has begun easing restrictions and lifting lockdown measures to restart the economy. As North America is a technologically advanced region, facility managers can optimize their jobs and create a better environment for facility occupants. There has been an upsurge in the demand for smart building to integrate new office environments as employees are working from home.

Some of the prominent industries in Europe, such as automotive, chemical, electronics, and manufacturing, have been affected drastically due to the disruption of the supply chain during the COVID-19 lockdown. Now, as European countries have started relaxing restrictions for commercial premises and industries, there is an increased demand for smart building solutions and services. With the help of technologies such as AI, blockchain, robots, and drones, smart building vendors are trying to bring industries and businesses back to normalcy.

The smart building market in APAC is expected to increase during COVID-19 due to the rising trend of hospitals outsourcing non-core medical services to professional smart building organizations. IoT and other new technologies are driving the current smart building market in healthcare. Moreover, as organizations are preparing for reopening, there is an increased focus on new services and activities in the region to facilitate employees’ return to their workplace.

Iran and Israel have been the most affected by COVID-19 in MEA. Governments in the region have rapidly taken decisive measures to slow down the impacts of the pandemic. Due to the easing of restrictions in the region, almost all industries and companies in the region are reopening. Therefore, there could be an increased demand for smart building vendors to reorganize the workplace, set up smart workflows, and manage facilities in a proactive manner.

COVID-19 has affected the healthcare and energy industries in Latin America. However, these industries are trying to adopt emerging technologies such as AI and IoT to overcome COVID-19 related challenges. As countries in the region are reopening their industrial operations, there could be an upsurge in the demand for smart building solutions and services. Technology-driven efficiency could elevate commercial outcomes in the region, resulting in holistic and empowered smart building operations. Moreover, current assets in the region need to be upgraded in a cost-effective way, and IoT, AI, and ML-enabled smart building is the best fit. Therefore, the reopening of businesses is giving rise to more opportunities for smart building vendors.

Market Dynamics

Driver: Rising adoption of IoT-enabled building management system

IoT has a significant impact on the Commercial Real Estate (CRE) industry owing to a growth in the efficiency of building operations, improved tenant relationships, and new revenue generation opportunities. IoT-enabled BMS is installed and used for increasing building performance efficiency and using sensor-generated data to enhance building user experience. It can also leverage a single infrastructure to operate all building management solutions and require minimum to no manual interventions. Furthermore, IoT-enabled BMS can be used for various purposes, such as reducing energy use, repairing and maintaining building systems, and cutting down administrative costs of the building. For instance, property owners use the data collected from various sensors, such as indoor-air quality and space utilization at the building level to regulate air-conditioning and lighting systems in real time, thereby reducing energy costs and optimizing the internal environment for its intended purpose. The IoT technology provides owners with an opportunity to have direct conversations and relationships with building users along with their tenants. For instance, sensors in shopping malls can help owners connect directly to various customer and provide their services, resulting into building relationships with customers and strengthening tenant engagement. Hence, IoT-enabled BMS is driving the smart buildings market.

Restraint: Lack of cooperation among standard bodies

Great cooperation is required among standard bodies, corporations, city governments, and other stakeholders for IoT and existing smart-building technologies to work together. This cooperation in the building of smart cities is vital in bringing out the maximum potential of these technologies. Moreover, the various layers of building management, such as property and tenant management and facility management, have their own requirements and operating systems, which are not necessarily designed for integration with other systems, making it difficult for obtaining information from the building systems.

Opportunity: Emergence of 5G technology

The introduction of 5G technology enhances new and powerful intelligent building capabilities and plays a pivotal role in the expansion of IoT-enabled devices by providing efficient real-time operational and analytic capabilities. A huge amount of data is generated owing to IoT-enabled devices in smart buildings, however 5G technology enables quick building data transport, interpretation, and efficient actions taken in an economical manner. 5G significantly enhances the user/occupant’s experience, while providing many other creative and useful Building Internet of Things (BIoT) and AI-enabled innovations.

Challenges:  Rising privacy and security concerns owing to IoT-enabled devices

A large number of buildings are integrating smart technology with their designs and operations. The adoption of technologies, such as IoT and sensors offers tenants and landlords tremendous convenience. However, the adoption of these technologies poses a security threat to the building. Most IoT devices and sensors have a weak security built-in, use non-standard communication protocols, and are operated by old, unpatched software, which could expose smart buildings to various vulnerabilities. Furthermore, hackers always scan targets for technological weaknesses to infiltrate into a particular network and steal valuable data or take control of a facility. For instance, cybercriminals infiltrate the Business Activity Statement (BAS) in order to stop the working of passenger lifts, gain access to security feeds from Closed-Circuit Televisions (CCTVs), and disrupt power supplies to the entire building or parts of it. Moreover, a well-planned cyberattack involving readily-available IoT devices and sensors in any smart building could potentially expose sensitive data storage, servers, and employee and customer information, which could be used for malicious purposes. Thus, rising privacy and security concerns owing to the adoption of IoT-enabled devices poses a restraint to the smart buildings market.

Based on solution type, energy management segment of the Smart buildings market is projected to grow at the highest CAGR during the forecast period.

Based on the solution type, the energy management segment of the market is projected to grow at the highest CAGR from 2020 to 2025. As energy management solutions for smart building help to reduce and monitor the energy consumption of the building. Moreover, keeping operational expenses low is a continuous challenge for owners and managers of multistory buildings, schools, or building complexes which can achieved through smart building energy management solution.

Based on building type , the commercial segment is expected to lead the Smart buildings market in 2020.

Based on building type, the commercial segment is projected to lead the smart buildings market from 2020 to 2025. The growth of this segment can be attributed to need for appropriate and tailor-made solutions for optimized energy performance to reduce building energy consumption without compromising comfort or security and enhancing energy performance of the commercial buildings as these buildings consume higher energy and also generate more waste in the form of carbon and other solid wastes.

The North American region is expected to lead the Smart buildings market in 2020.

The North American region is expected to lead the Smart buildings market in 2020. North America is one of the most developed countries in terms of technology. The growth of the market in North America can be attributed to emergence of latest smart building solutions that leverage new technologies, such as IoT, big data, cloud computing, data analytics, deep learning, and artificial intelligence, for saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards. Moreover, the US and Canada are prominent countries contributing to technological development in this region; for instance, US organizations are heavily investing into smart building measures, such as building controls and building systems integration, to leverage energy efficiency and energy storage and deliver smarter, safer, and more sustainable buildings while the Canadian government is taking initiatives to support Canada's commitment to protecting the environment and its resources by making federal buildings more energy efficient and reducing greenhouse gas emissions, driving the growth of smart buildings

Key Market Players

Key market players profiled in this report include 75F (US), ABB (Switzerland), Aquicore (US), Bosch (US), BuildingIQ (US), Cisco (US), CopperTree Analytics (Canada), ENTOUCH (US), Hitachi (Japan), Honeywell (US), Huawei (China), IBM (US), Igor (US), Intel (US), Johnson Controls (Ireland), KMC Controls (US), Legrand (France), Mode:Green (US), PTC (US), Schneider Electric (Germany), Siemens (Germany), Softdel (US), Spaceti (Czechia), Telit (UK), and Verdigris Technologies (US). These players have adopted various growth strategies such as partnerships, business expansions, agreements, and collaborations; and new product launches and product enhancements to further expand their presence in the Smart buildings market and broaden their customer base.

Scope of the Report

Report Metric

Details

Market size available for years

2017-2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD) Million

Segments covered

Component (solutions and Services),  building type, and Region

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

The vendors covered in the Smart buildings market include 75F (US), ABB (Switzerland), Aquicore (US), Bosch (US), BuildingIQ (US), Cisco (US), CopperTree Analytics (Canada), ENTOUCH (US), Hitachi (Japan), Honeywell (US), Huawei (China), IBM (US), Igor (US), Intel (US), Johnson Controls (Ireland), KMC Controls (US), Legrand (France), Mode:Green (US), PTC (US), Schneider Electric (Germany), Siemens (Germany), Softdel (US), Spaceti (Czechia), Telit (UK), and Verdigris Technologies (US)

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

By Component

  • Solutions
    • Building infrastructure Management
      • Parking Management System
      • Smart Water Management System
      • Elevators and Escalators Management System
    • Security and Emergency Management
      • Access Control System
      • Video Surveillance System
      • Safety System
    • Energy Management
      • HVAC Control System
      • Lighting System
    • Network Management
    • IWMS
  • Services
    • Consulting          
    • Implementation              
    • Support and Maintenance

By Building Type

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Australia
    • Rest of APAC
  • MEA
    • Israel
    • UAE
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In August 2019, Cisco completed the acquisition of Sentryo, a provider of device visibility and security solutions for Industrial Control System (ICS) networks. This acquisition enables Cisco to offer control system s engineers deeper visibility into assets for optimizing, detecting anomalies, and securing their networks.to optimize, detect anomalies and secure their networks.
  • In January 2019, Adesto Technologies Corporation demonstrated predictive energy analytics for smart buildings with the help of the IBM’s Watson IoT platform. Through this partnership Adesto is enabling   smarter buildings by gaining insights through insights into energy management and other operational data through via services running on the IBM Watson IoT platform.
  • In May 2019 ,Hitachi Vantara, a wholly owned subsidiary of Hitachi, launched Lumada Video Insights, an end-to-end, intelligent, and adaptable suite of applications that delivers operational safety and business intelligence BI using IoT, video, artificial intelligence (AI), and analytics. This solution enhances the Lumada platform and services ecosystem with its advanced AI, computer vision, advanced analytics, data integration, and orchestration capabilities to help which helps enterprise and industrial customers to accelerate their IoT initiatives and cultivate their own smart spaces and ecosystems.
  • In July 2019, Hitachi elevators   uses AI, and IoT to develop a smart building ecosystem in which the where the company aims to provide a wide range of buildings with custom-designed, multi-directional, in-building transportation solutions.
  • Siemens acquired Enlightened, a Silicon Valley-based provider of IoT systems for commercial and residential buildings. Enlightened’s IoT platform helps to reduce the energy used by buildings’ energy use and improves space utilization.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 1 COVID-19: GLOBAL PROPAGATION
        FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                 FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY
                 FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
        TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017–2019
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
        FIGURE 6 SMART BUILDINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                            TABLE 2 PRIMARY INTERVIEWS
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 TOP-DOWN APPROACH
                 FIGURE 8 SMART BUILDINGS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH (SHARE OF SMART BUILDINGS MARKET OF OVERALL SMART CITIES MARKET)
           2.3.2 BOTTOM-UP APPROACH
                 FIGURE 9 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH - SUPPLY-SIDE ANALYSIS
    2.4 MARKET FORECAST
        TABLE 3 FACTOR ANALYSIS
    2.5 ASSUMPTIONS FOR THE STUDY
    2.6 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 45)
  FIGURE 10 SMART BUILDINGS MARKET, 2017–2025 (USD MILLION)
  FIGURE 11 TOP THREE LEADING SEGMENTS IN MARKET IN 2020
  FIGURE 12 MARKET, REGIONAL AND COUNTRY-WISE SHARES, 2020

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN SMART BUILDINGS MARKET
        FIGURE 13 RISING ADOPTION OF IOT-ENABLED BUILDING MANAGEMENT SYSTEMS TO DRIVE MARKET GROWTH
    4.2 MARKET, BY COMPONENT
        FIGURE 14 SOLUTIONS SEGMENT TO LEAD MARKET GROWTH IN 2020
    4.3 MARKET, BY SOLUTION
        FIGURE 15 SAFETY AND SECURITY MANAGEMENT SEGMENT TO HOLD HIGHEST MARKET SHARE DURING FORECAST PERIOD
    4.4 MARKET, BY SERVICE
        FIGURE 16 IMPLEMENTATION SEGMENT TO HOLD HIGHEST MARKET SHARE DURING FORECAST PERIOD
    4.5 SMART BUILDINGS MARKET, BY BUILDING TYPE
        FIGURE 17 COMMERCIAL SEGMENT TO LEAD MARKET GROWTH DURING 2020–2025
    4.6 MARKET, BY REGION
        FIGURE 18 ASIA PACIFIC TO GROW AT FASTEST GROWTH RATE DURING FORECAST PERIOD
    4.7 MARKET, BY COUNTRY
        FIGURE 19 CHINA AND JAPAN TO ACCOUNT FOR HIGH GROWTH DURING FORECAST PERIOD

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SMART BUILDINGS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising adoption of IoT-enabled BMS
                            FIGURE 21 GROWTH IN IOT DEPLOYMENTS WORLDWIDE FOR COMMERCIAL REAL ESTATE, 2015—2020
                    5.2.1.2 Increasing awareness of space utilization
                            FIGURE 22 AVERAGE OFFICE VACANCY RATE ACROSS OFFICE/ADMIN SPACE
                    5.2.1.3 Increased industry standards and regulations
                    5.2.1.4 Increased demand for energy-efficient systems
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of cooperation among standard bodies
                    5.2.2.2 High cost of implementation
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emergence of the 5G technology
                    5.2.3.2 Rise in the smart city trend
                    5.2.3.3 Government initiatives and incentives
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of technology alignment and skilled professionals
                    5.2.4.2 Rise in privacy and security concerns due to IoT-enabled devices
    5.3 COVID-19 MARKET OUTLOOK FOR SMART BUILDING MARKET
        TABLE 4 SMART BUILDINGS MARKET: ANALYSIS OF DRIVERS AND OPPORTUNITIES IN THE COVID-19 ERA
        TABLE 5 SMART BUILDINGS SOLUTIONS: ANALYSIS OF CHALLENGES AND RESTRAINTS IN THE COVID-19 ERA
           5.3.1 CUMULATIVE GROWTH ANALYSIS
                 TABLE 6 MARKET: CUMULATIVE GROWTH ANALYSIS
    5.4 MARKET: ECOSYSTEM
        FIGURE 23 SMART BUILDINGS ECOSYSTEM
    5.5 MARKET: VALUE CHAIN
        FIGURE 24 SMART BUILDINGS VALUE CHAIN
    5.6 SMART BUILDINGS MARKET: REGULATIONS
           5.6.1 BACNET—DATA COMMUNICATION PROTOCOL FOR BUILDING AUTOMATION AND CONTROL NETWORKS
           5.6.2 KNX
           5.6.3 DIGITAL ADDRESSABLE LIGHTING INTERFACE
           5.6.4 GENERAL DATA PROTECTION REGULATION
           5.6.5 MODBUS
           5.6.6 CLOUD STANDARD CUSTOMER COUNCIL
    5.7 SMART BUILDINGS MARKET: PATENT ANALYSIS
        TABLE 7 SMART/INTELLIGENT BUILDING PATENT APPLICATIONS
        FIGURE 25 SMART/INTELLIGENT BUILDING-RELATED PATENTS, BY COUNTRY, 2017—2020
        FIGURE 26 SMART HOME PATENTS AS TO YEAR OF APPLICATION, 2006—2020
        FIGURE 27 TOP 15 SMART HOME PATENT APPLICANTS
    5.8 SMART BUILDINGS MARKET: AVERAGE SELLING PRICE
        TABLE 8 SMART BUILDING SOLUTION/SOFTWARE PRICING ANALYSIS
    5.9 MARKET: PORTER’S FIVE FORCES
        FIGURE 28 PORTER’S FIVE FORCES ANALYSIS OF MARKET
    5.10 CASE STUDIES
    5.11 IMPACT OF DISRUPTIVE TECHNOLOGIES
           5.11.1 INTERNET OF THINGS
           5.11.2 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
           5.11.3 BUILDING INFORMATION MODELING

6 SMART BUILDINGS MARKET, BY COMPONENT (Page No. - 69)
    6.1 INTRODUCTION
        FIGURE 29 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
        TABLE 9 MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
        TABLE 10 MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
    6.2 SOLUTIONS
           6.2.1 SOLUTIONS: MARKET DRIVERS
           6.2.2 SOLUTIONS: COVID-19 IMPACT
                 TABLE 11 SOLUTIONS: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 12 SOLUTIONS: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                 FIGURE 30 SAFETY AND SECURITY MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                 TABLE 13 SOLUTIONS: SMART BUILDINGS MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 14 SOLUTIONS: MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
           6.2.3 BUILDING INFRASTRUCTURE MANAGEMENT
                 TABLE 15 BUILDING INFRASTRUCTURE MANAGEMENT: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 16 BUILDING INFRASTRUCTURE MANAGEMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                 TABLE 17 BUILDING INFRASTRUCTURE MANAGEMENT: MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 18 BUILDING INFRASTRUCTURE MANAGEMENT: SMART BUILDINGS MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
                    6.2.3.1 Parking management system
                            TABLE 19 PARKING MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 20 PARKING MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.3.2 Smart water management system
                            TABLE 21 SMART WATER MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 22 SMART WATER MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.3.3 Elevators and escalators management system
                            TABLE 23 ELEVATORS AND ESCALATORS MANAGEMENT MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 24 ELEVATORS AND ESCALATORS MANAGEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.4 SAFETY AND SECURITY MANAGEMENT
                 TABLE 25 SAFETY AND SECURITY MANAGEMENT: SMART BUILDINGS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 26 SAFETY AND SECURITY MANAGEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                 TABLE 27 SAFETY AND SECURITY MANAGEMENT: MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 28 SAFETY AND SECURITY MANAGEMENT: MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
                    6.2.4.1 Access control system
                            TABLE 29 ACCESS CONTROL SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 30 ACCESS CONTROL SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.4.2 Video surveillance system
                            TABLE 31 VIDEO SURVEILLANCE SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 32 VIDEO SURVEILLANCE SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.4.3 Fire and life safety system
                            TABLE 33 FIRE AND LIFE SAFETY SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 34 FIRE AND LIFE SAFETY SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.5 ENERGY MANAGEMENT
                 TABLE 35 ENERGY MANAGEMENT: SMART BUILDINGS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 36 ENERGY MANAGEMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                 TABLE 37 ENERGY MANAGEMENT: MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 38 ENERGY MANAGEMENT: MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
                    6.2.5.1 HVAC control system
                            TABLE 39 HVAC CONTROL SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 40 HVAC CONTROL SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    6.2.5.2 Lighting management system
                            TABLE 41 LIGHTING MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                            TABLE 42 LIGHTING MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.6 NETWORK MANAGEMENT
                 TABLE 43 NETWORK MANAGEMENT: SMART BUILDINGS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 44 NETWORK MANAGEMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.2.7 INTEGRATED WORKPLACE MANAGEMENT SYSTEM
                 TABLE 45 INTEGRATED WORKPLACE MANAGEMENT SYSTEM: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 46 INTEGRATED WORKPLACE MANAGEMENT SYSTEM: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    6.3 SERVICES
           6.3.1 SERVICES: SMART BUILDINGS MARKET DRIVERS
           6.3.2 SERVICES: COVID-19 IMPACT
                 TABLE 47 SERVICES: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 48 SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                 FIGURE 31 IMPLEMENTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                 TABLE 49 SERVICES: MARKET SIZE, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 50 SERVICES: MARKET SIZE, BY TYPE, 2019–2025 (USD MILLION)
           6.3.3 CONSULTING
                 TABLE 51 CONSULTING: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 52 CONSULTING: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.3.4 IMPLEMENTATION
                 TABLE 53 IMPLEMENTATION: SMART BUILDINGS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 54 IMPLEMENTATION: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           6.3.5 SUPPORT AND MAINTENANCE
                 TABLE 55 SUPPORT AND MAINTENANCE: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 56 SUPPORT AND MAINTENANCE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

7 SMART BUILDINGS MARKET, BY BUILDING TYPE (Page No. - 95)
    7.1 INTRODUCTION
        FIGURE 32 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
        TABLE 57 MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
        TABLE 58 MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
    7.2 RESIDENTIAL
           7.2.1 RESIDENTIAL: MARKET DRIVERS
           7.2.2 RESIDENTIAL: COVID-19 IMPACT
                 TABLE 59 RESIDENTIAL: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 60 RESIDENTIAL: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    7.3 COMMERCIAL
           7.3.1 COMMERCIAL: SMART BUILDINGS MARKET DRIVERS
           7.3.2 COMMERCIAL: COVID-19 IMPACT
                 TABLE 61 COMMERCIAL: MARKET SIZE, BY REGION, 2017–2019 (USD)
                 TABLE 62 COMMERCIAL: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    7.4 INDUSTRIAL
           7.4.1 INDUSTRIAL: MARKET DRIVERS
           7.4.2 INDUSTRIAL: COVID-19 IMPACT
                 TABLE 63 INDUSTRIAL: MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 64 INDUSTRIAL: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

8 SMART BUILDINGS MARKET, BY REGION (Page No. - 102)
    8.1 INTRODUCTION
        FIGURE 33 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
        FIGURE 34 NORTH AMERICA TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
        TABLE 65 MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
        TABLE 66 MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    8.2 NORTH AMERICA
           8.2.1 NORTH AMERICA: MARKET DRIVERS
           8.2.2 NORTH AMERICA: COVID-19 IMPACT
                 FIGURE 35 NORTH AMERICA: MARKET SNAPSHOT
                 TABLE 67 NORTH AMERICA: SMART BUILDINGS MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 68 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 69 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 70 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 71 NORTH AMERICA: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 72 NORTH AMERICA: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 73 NORTH AMERICA: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 74 NORTH AMERICA: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 75 NORTH AMERICA: SMART BUILDINGS MARKET SIZE, BY ENERGY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 76 NORTH AMERICA: MARKET SIZE, BY ENERGY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 77 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 78 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 79 NORTH AMERICA: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 80 NORTH AMERICA: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
                 TABLE 81 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 82 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.2.3 UNITED STATES
                 TABLE 83 UNITED STATES: SMART BUILDINGS MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 84 UNITED STATES: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 85 UNITED STATES: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 86 UNITED STATES: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 87 UNITED STATES: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 88 UNITED STATES: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 89 UNITED STATES: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 90 UNITED STATES: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
           8.2.4 CANADA
                 TABLE 91 CANADA: SMART BUILDINGS MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 92 CANADA: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 93 CANADA: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 94 CANADA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 95 CANADA: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 96 CANADA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 97 CANADA: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 98 CANADA: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
    8.3 EUROPE
           8.3.1 EUROPE: SMART BUILDINGS MARKET DRIVERS
           8.3.2 EUROPE: COVID-19 IMPACT
                 TABLE 99 EUROPE: MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 100 EUROPE: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 101 EUROPE: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 102 EUROPE: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 103 EUROPE: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 104 EUROPE: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 105 EUROPE: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 106 EUROPE: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 107 EUROPE: SMART BUILDINGS MARKET SIZE, BY ENERGY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 108 EUROPE: MARKET SIZE, BY ENERGY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 109 EUROPE: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 110 EUROPE: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 111 EUROPE: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 112 EUROPE: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
                 TABLE 113 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 114 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.3.3 UNITED KINGDOM
                 TABLE 115 UNITED KINGDOM: SMART BUILDINGS MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 116 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 117 UNITED KINGDOM: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 118 UNITED KINGDOM: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 119 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 120 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 121 UNITED KINGDOM: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 122 UNITED KINGDOM: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
           8.3.4 GERMANY
                 TABLE 123 GERMANY: SMART BUILDINGS MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 124 GERMANY: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 125 GERMANY: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 126 GERMANY: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 127 GERMANY: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 128 GERMANY: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 129 GERMANY: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 130 GERMANY: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
           8.3.5 REST OF EUROPE
    8.4 ASIA PACIFIC
           8.4.1 ASIA PACIFIC: SMART BUILDINGS MARKET DRIVERS
           8.4.2 ASIA PACIFIC: COVID-19 IMPACT
                 FIGURE 36 ASIA PACIFIC: MARKET SNAPSHOT
                 TABLE 131 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 132 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 133 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 134 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 135 ASIA PACIFIC: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 136 ASIA PACIFIC: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 137 ASIA PACIFIC: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 138 ASIA PACIFIC: SMART BUILDINGS MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 139 ASIA PACIFIC: MARKET SIZE, BY ENERGY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 140 ASIA PACIFIC: MARKET SIZE, BY ENERGY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 141 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 142 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 143 ASIA PACIFIC: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 144 ASIA PACIFIC: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
                 TABLE 145 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 146 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.4.3 CHINA
           8.4.4 JAPAN
           8.4.5 AUSTRALIA
           8.4.6 REST OF ASIA PACIFIC
    8.5 MIDDLE EAST AND AFRICA
           8.5.1 MIDDLE EAST AND AFRICA: SMART BUILDINGS MARKET DRIVERS
           8.5.2 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
                 TABLE 147 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 148 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 149 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 150 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 151 MIDDLE EAST AND AFRICA: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 152 MIDDLE EAST AND AFRICA: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 153 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 154 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 155 MIDDLE EAST AND AFRICA: SMART BUILDINGS MARKET SIZE, BY ENERGY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 156 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ENERGY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 157 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 158 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 159 MIDDLE EAST AND AFRICA: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 160 MIDDLE EAST AND AFRICA: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
                 TABLE 161 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 162 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.5.3 KINGDOM OF SAUDI ARABIA
           8.5.4 UNITED ARAB EMIRATES
           8.5.5 REST OF MIDDLE EAST AND AFRICA
    8.6 LATIN AMERICA
           8.6.1 LATIN AMERICA: SMART BUILDINGS MARKET DRIVERS
           8.6.2 LATIN AMERICA: COVID-19 IMPACT
                 TABLE 163 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2017–2019 (USD MILLION)
                 TABLE 164 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                 TABLE 165 LATIN AMERICA: MARKET SIZE, BY SOLUTION, 2017–2019 (USD MILLION)
                 TABLE 166 LATIN AMERICA: MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                 TABLE 167 LATIN AMERICA: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 168 LATIN AMERICA: MARKET SIZE, BY BUILDING INFRASTRUCTURE MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 169 LATIN AMERICA: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 170 LATIN AMERICA: MARKET SIZE, BY SAFETY AND SECURITY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 171 LATIN AMERICA: SMART BUILDINGS MARKET SIZE, BY ENERGY MANAGEMENT, 2017–2019 (USD MILLION)
                 TABLE 172 LATIN AMERICA: MARKET SIZE, BY ENERGY MANAGEMENT, 2019–2025 (USD MILLION)
                 TABLE 173 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2017–2019 (USD MILLION)
                 TABLE 174 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                 TABLE 175 LATIN AMERICA: MARKET SIZE, BY BUILDING TYPE, 2017–2019 (USD MILLION)
                 TABLE 176 LATIN AMERICA: MARKET SIZE, BY BUILDING TYPE, 2019–2025 (USD MILLION)
                 TABLE 177 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
                 TABLE 178 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
           8.6.3 BRAZIL
           8.6.4 MEXICO
           8.6.5 REST OF LATIN AMERICA

9 COMPETITIVE LANDSCAPE (Page No. - 147)
    9.1 OVERVIEW
    9.2 MARKET EVALUATION FRAMEWORK
        FIGURE 37 MARKET EVALUATION FRAMEWORK, 2018–2020
    9.3 KEY MARKET DEVELOPMENTS
           9.3.1 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
                 TABLE 179 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2018–2020
           9.3.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
                 TABLE 180 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2018–2020
           9.3.3 MERGERS AND ACQUISITIONS
                 TABLE 181 MERGERS AND ACQUISITIONS, 2018–2020
           9.3.4 BUSINESS EXPANSIONS
                 TABLE 182 BUSINESS EXPANSIONS, 2019–2020
    9.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
        FIGURE 38 REVENUE ANALYSIS OF SMART BUILDINGS MARKET
    9.5 HISTORICAL REVENUE ANALYSIS
        FIGURE 39 HISTORICAL THREE-YEAR REVENUE ANALYSIS OF LEADING PLAYERS
    9.6 COMPANY EVALUATION MATRIX
           9.6.1 COMPANY EVALUATION MATRIX METHODOLOGY AND DEFINITIONS
                 FIGURE 40 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
           9.6.2 STAR
           9.6.3 EMERGING LEADERS
           9.6.4 PERVASIVE
           9.6.5 PARTICIPANTS
                 FIGURE 41 MARKET (GLOBAL), COMPANY EVALUATION MATRIX, 2020
                 FIGURE 42 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE MARKET
                 FIGURE 43 BUSINESS STRATEGY EXCELLENCE ANALYSIS OF TOP PLAYERS IN THE SMART BUILDINGS MARKET
    9.7 RANKING OF KEY PLAYERS
        FIGURE 44 RANKING OF KEY PLAYERS IN SMART BUILDINGS MARKET, 2020
    9.8 STARTUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS
        FIGURE 45 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
           9.8.1 PROGRESSIVE COMPANIES
           9.8.2 RESPONSIVE COMPANIES
           9.8.3 DYNAMIC COMPANIES
           9.8.4 STARTING BLOCKS
                 FIGURE 46 SMART BUILDINGS MARKET (GLOBAL): STARTUP/ SME EVALUATION MATRIX, 2020

10 COMPANY PROFILES (Page No. - 163)
     10.1 INTRODUCTION
(Business overview, Solutions and Services offered, Recent developments, Response to COVID-19 & MnM View)*
     10.2 CISCO
          FIGURE 47 CISCO: COMPANY SNAPSHOT
     10.3 HONEYWELL
          FIGURE 48 HONEYWELL: COMPANY SNAPSHOT
     10.4 JOHNSON CONTROLS
          FIGURE 49 JOHNSON CONTROLS: COMPANY SNAPSHOT
     10.5 SIEMENS
          FIGURE 50 SIEMENS: COMPANY SNAPSHOT
     10.6 IBM
          FIGURE 51 IBM: COMPANY SNAPSHOT
     10.7 HITACHI
          FIGURE 52 HITACHI: COMPANY SNAPSHOT
     10.8 SCHNEIDER ELECTRIC
          FIGURE 53 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
     10.9 INTEL
          FIGURE 54 INTEL: COMPANY SNAPSHOT
     10.10 HUAWEI
           FIGURE 55 HUAWEI: COMPANY SNAPSHOT
     10.11 ABB
           FIGURE 56 ABB: COMPANY SNAPSHOT
     10.12 LEGRAND
           FIGURE 57 LEGRAND: COMPANY SNAPSHOT
     10.13 BOSCH
           FIGURE 58 BOSCH: COMPANY SNAPSHOT
     10.14 TELIT
           FIGURE 59 TELIT: COMPANY SNAPSHOT
     10.15 PTC
           FIGURE 60 PTC: COMPANY SNAPSHOT
     10.16 KMC CONTROLS
     10.17 VERDIGRIS TECHNOLOGIES
     10.18 ACQUICORE
     10.19 75F
     10.20 BUILDINGIQ
     10.21 ENTOUCH
     10.22 SOFTDEL
     10.23 MODE:GREEN
     10.24 COPPERTREE ANALYTICS
     10.25 SPACETI
     10.26 IGOR

*Details on Business overview, Solutions and Services offered, Recent developments, Response to COVID-19 & MnM View might not be captured in case of unlisted companies.

11 ADJACENT/RELATED MARKETS (Page No. - 217)
     11.1 SMART CITIES MARKET
             11.1.1 MARKET DEFINITION
             11.1.2 MARKET OVERVIEW
             11.1.3 SMART CITIES MARKET, BY FOCUS AREA
                    TABLE 183 SMART CITIES MARKET SIZE, BY FOCUS AREA, 2016–2019 (USD BILLION)
                    TABLE 184 SMART CITIES MARKET SIZE, BY FOCUS AREA, 2019–2025 (USD BILLION)
             11.1.4 SMART TRANSPORTATION MARKET, BY COMPONENT
                    TABLE 185 SMART TRANSPORTATION MARKET SIZE, BY COMPONENT, 2016–2019 (USD BILLION)
                    TABLE 186 SMART TRANSPORTATION MARKET SIZE, BY COMPONENT, 2019–2025 (USD BILLION)
                    TABLE 187 SMART TRANSPORTATION MARKET SIZE, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 188 SMART TRANSPORTATION MARKET SIZE, BY SOLUTION, 2019–2025 (USD BILLION)
                    TABLE 189 SMART TRANSPORTATION MARKET SIZE, BY SERVICE, 2016–2019 (USD BILLION)
                    TABLE 190 SMART TRANSPORTATION MARKET SIZE, BY SERVICE, 2019–2025 (USD BILLION)
             11.1.5 SMART TRANSPORTATION MARKET, BY TYPE
                    TABLE 191 SMART TRANSPORTATION MARKET SIZE, BY TYPE, 2016–2019 (USD BILLION)
                    TABLE 192 SMART TRANSPORTATION MARKET SIZE, BY TYPE, 2019–2025 (USD BILLION)
             11.1.6 SMART BUILDINGS MARKET, BY SOLUTION
                    TABLE 193 MARKET SIZE, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 194 MARKET SIZE, BY SOLUTION, 2019–2025 (USD BILLION)
             11.1.7 MARKET, BY SERVICE
                    TABLE 195 MARKET SIZE, BY SERVICE, 2016–2019 (USD BILLION)
                    TABLE 196 SMART BUILDINGS MARKET SIZE, BY SERVICE, 2019–2025 (USD BILLION)
             11.1.8 SMART UTILITIES MARKET, BY COMPONENT
                    TABLE 197 SMART UTILITIES MARKET SIZE, BY COMPONENT, 2016–2019 (USD BILLION)
                    TABLE 198 SMART UTILITIES MARKET SIZE, BY COMPONENT, 2019–2025 (USD BILLION)
                    TABLE 199 SMART UTILITIES MARKET SIZE, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 200 SMART UTILITIES MARKET SIZE, BY SOLUTION, 2019–2025 (USD BILLION)
                    TABLE 201 SMART UTILITIES MARKET SIZE, BY SERVICE, 2016–2019 (USD BILLION)
                    TABLE 202 SMART UTILITIES MARKET SIZE, BY SERVICE, 2019–2025 (USD BILLION)
             11.1.9 SMART UTILITIES MARKET, BY TYPE
                    TABLE 203 SMART UTILITIES MARKET SIZE, BY TYPE, 2016–2019 (USD BILLION)
                    TABLE 204 SMART UTILITIES MARKET SIZE, BY TYPE, 2019–2025 (USD BILLION)
             11.1.10 SMART CITIZEN SERVICES MARKET, BY TYPE
                     TABLE 205 SMART CITIZEN SERVICES MARKET SIZE, BY TYPE, 2016–2019 (USD BILLION)
                     TABLE 206 SMART CITIZEN SERVICES MARKET SIZE, BY TYPE, 2019–2025 (USD BILLION)
             11.1.11 SMART CITIES MARKET, BY REGION
                     TABLE 207 SMART CITIES MARKET, BY REGION, 2016–2019 (USD BILLION)
                     TABLE 208 SMART CITIES MARKET, BY REGION, 2019–2025 (USD BILLION)
     11.2 FACILITY MANAGEMENT MARKET
             11.2.1 MARKET DEFINITION
             11.2.2 MARKET OVERVIEW
             11.2.3 FACILITY MANAGEMENT MARKET, BY OFFERING
                    TABLE 209 FACILITY MANAGEMENT MARKET SIZE, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 210 FACILITY MANAGEMENT MARKET SIZE, BY OFFERING, 2019–2025 (USD MILLION)
                    TABLE 211 FACILITY MANAGEMENT MARKET SIZE, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 212 FACILITY MANAGEMENT MARKET SIZE, BY SOLUTION, 2019–2025 (USD MILLION)
                    TABLE 213 FACILITY MANAGEMENT MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 214 FACILITY MANAGEMENT MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
             11.2.4 FACILITY MANAGEMENT MARKET, BY DEPLOYMENT TYPE
                    TABLE 215 FACILITY MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2019 (USD MILLION)
                    TABLE 216 FACILITY MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2019–2025 (USD MILLION)
             11.2.5 FACILITY MANAGEMENT MARKET, BY ORGANIZATION SIZE
                    TABLE 217 FACILITY MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2019 (USD MILLION)
                    TABLE 218 FACILITY MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION)
             11.2.6 FACILITY MANAGEMENT MARKET, BY VERTICAL
                    TABLE 219 FACILITY MANAGEMENT MARKET SIZE, BY VERTICAL, 2016–2019 (USD MILLION)
                    TABLE 220 FACILITY MANAGEMENT MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
             11.2.7 FACILITY MANAGEMENT MARKET, BY REGION
                    TABLE 221 FACILITY MANAGEMENT MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 222 FACILITY MANAGEMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     11.3 BUILDING AUTOMATION SYSTEM MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
             11.3.3 BUILDING AUTOMATION SYSTEM MARKET, BY COMMUNICATION TECHNOLOGY
                    TABLE 223 BUILDING AUTOMATION SYSTEM MARKET FOR FACILITY MANAGEMENT SYSTEMS, BY COMMUNICATION TECHNOLOGY, 2016–2024 (USD BILLION)
             11.3.4 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING
                    TABLE 224 BUILDING AUTOMATION SYSTEM MARKET SIZE, BY OFFERING, 2016–2024 (USD BILLION)
             11.3.5 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION
                    TABLE 225 BUILDING AUTOMATION SYSTEM MARKET SIZE, BY APPLICATION, 2016–2024 (USD BILLION)
                    TABLE 226 BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY OFFERING, 2016–2024 (USD BILLION)
                    TABLE 227 BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY OFFERING, 2016–2024 (USD BILLION)
                    TABLE 228 BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY OFFERING, 2016–2024 (USD BILLION)
             11.3.6 BUILDING AUTOMATION SYSTEM MARKET, BY REGION
                    TABLE 229 BUILDING AUTOMATION SYSTEM MARKET SIZE, BY REGION, 2016–2024 (USD BILLION)
     11.4 BUILDING ANALYTICS MARKET
             11.4.1 MARKET DEFINITION
             11.4.2 MARKET OVERVIEW
             11.4.3 BUILDING ANALYTICS MARKET, BY APPLICATION
                    TABLE 230 BUILDING ANALYTICS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
             11.4.4 BUILDING ANALYTICS MARKET, BY COMPONENT
                    TABLE 231 BUILDING ANALYTICS MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
                    TABLE 232 BUILDING ANALYTICS MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
             11.4.5 BUILDING ANALYTICS MARKET, BY DEPLOYMENT MODE
                    TABLE 233 BUILDING ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
             11.4.6 BUILDING ANALYTICS MARKET, BY BUILDING TYPE
                    TABLE 234 BUILDING ANALYTICS MARKET SIZE, BY BUILDING TYPE, 2016–2023 (USD MILLION)
             11.4.7 BUILDING ANALYTICS MARKET, BY REGION
                    TABLE 235 BUILDING ANALYTICS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)

12 APPENDIX (Page No. - 243)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved 4 major activities to estimate the current market size of the smart buildings market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the smart buildings market.

Secondary Research

The market size of companies offering smart building solutions and services was arrived at based on the secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolio of major companies and rating them based on their performance and quality. In the secondary research process, various sources were referred to, for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The other secondary sources such as International Facility Management Association (IFMA), Building Owners and Managers Association (BOMA), Continental Automated Buildings Association (CABA), Smart Buildings Alliance (SBA), European Building Automation and Controls Association (eu.bac), Building Controls Industry Association (BCIA), and Asia Pacific Intelligent Green Building Alliance (APIGBA), were used to collect secondary data. The market trends and initiatives in various countries were extracted from government associations, such as Taiwan intelligent building association (TIBA), Singapore International Facility Management Association (SIFMA), Shanghai Intelligent Building Construction Association (SIBCA) and The Middle East Facility Management Association (MEFMA).

Secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Technology Officers (CTOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from smart building solution and service vendors, system integrators, professional and managed service providers, industry associations, and consultants; and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various trends related to technology, application, deployment, and region. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Finance Officers (CFOs), Chief Strategy Officers (CSOs), and the installation team of end users who use smart building solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of smart building solutions, which is expected to affect the overall smart buildings market growth.

Smart Building Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the smart buildings market and various other dependent submarkets in the overall market.

In the top-down approach, the estimation of the mart buildings market was prepared from the global smart cities market. The global smart cities market has 4 focus areas: smart transportation, smart building, smart utilities, and smart citizen services, and the share of smart building was estimated through secondary sources, in-house research databases, and primary interviews. The smart building area was studied and analyzed for its regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. These market numbers were further triangulated with the existing MarketsandMarkets’ repository for validation.

The bottom-up procedure was employed to arrive at the overall size of the smart buildings market from the revenues of key players (companies) and their market shares. The calculation was done based on estimations, and by verifying key companies’ revenue through extensive primary interviews. Calculations based on the revenues of the key companies identified in the market led to the overall market size. The overall market size was used in the top-down procedure to estimate the size of other individual segments (component, deployment mode, organization size, vertical, and region) via the percentage splits of the market’s segments from secondary and primary research. The bottom-up procedure was also implemented for the data extracted from the secondary research to validate the market segment revenues obtained. Market shares were then estimated for each company to verify the revenue shares used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market size and its segments’ market size were determined and confirmed using this study.

Data Triangulation

  • With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of the other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To determine and forecast the global smart buildings market based on components (solutions and services), building types, and regions from 2020 to 2025, and analyze various macro and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the smart buildings market
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total smart buildings market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart buildings market
  • To profile the key market players (such as top vendors and startups); provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape
  • To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities, in the market

Available Customizations

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

Geographic Analysis

  • Further breakup of the APAC smart buildings market
  • Further breakup of the MEA market
  • Further breakup of the Latin American market

Company Information

  • Detailed analysis and profiles of additional market players
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Adjacent Markets

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CAGR 2018-23

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Report Code
TC 3445
Published ON
Jan, 2021
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