Smart Building Market by Component (Solution, Services), Solution (Security and Emergency Management, Energy Management), Services, Building Type (Commercial, Industrial), Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024
[156 Pages Report] The Smart building market is projected to grow from USD 60.7 billion in 2019 to USD 105.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period. The major factors driving the Smart building market include Rising adoption of IoT-enabled building management system, raising awareness of space utilization increased industry standards and regulations.
Based on solution type, energy management segment of the Smart building market is projected to grow at the highest CAGR during the forecast period.
Based on the solution type, the energy management segment of the smart building market is projected to grow at the highest CAGR from 2019 to 2024. 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 building market in 2019.
Based on building type, the commercial segment is projected to lead the market from 2019 to 2024. 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 building market in 2019.
The North American region is expected to lead the market in 2019. 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 Smart Building Market Players
Key market players profiled in this report include Honeywell (US), Johnson Controls (US), Cisco (US), Hitachi (Japan), Siemens (Germany), IBM(US), Schneider Electric(Germany), Intel(US), Huawei(China), ABB(Switzerland), L&T Technology Services(India), 75F(US), Telit(Switzerland), Pointgrab(Israel), LogicLadder(India), Spacewell(Belgium), PTC(US), Avenet(US), Softdell(US), Spaceti(Czech Republic). 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 market and broaden their customer base.
Scope of Smart building market Report
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Report Metrics |
Details |
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Market size available for years |
2017-2024 |
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Base year considered |
2018 |
|
Forecast period |
2019-2024 |
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Forecast units |
Value (USD) billion |
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Segments covered |
Component, solution type, Service Type, building type and Region |
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Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
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Companies covered |
The vendors covered in the Smart building market include Honeywell (US), Johnson Controls (US), Cisco (US), Hitachi (Japan), Siemens (Germany), IBM (US), Schneider Electric (Germany), Intel (US), Huawei(China), ABB (Switzerland), L&T Technology Services (India), 75F (US),Telit (Switzerland), Pointgrab (Israel), LogicLadder (India), Spacewell (Belgium), PTC (US), Avenet (US), Softdell (US), Spaceti (Czech Republic) |
This research report categorizes the Smart building market to forecast revenues and analyze trends in each of the following submarkets:
Based on the Component, the Smart building market has been segmented as follows:
- Solution
- Services
Based on the Solution Type, the Smart building market has been segmented as follows:
- 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
- Workforce Management
Based on the Service Type, the smart building market has been segmented as follows:
- Consulting
- System Integration and Deployment
- Support and Maintenance
Based on Building Type, the smart building market has been segmented as follows:
- Residential
- Commercial
- Industrial
Based on Region, the Smart building market has been segmented as follows:
- 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 IBMs 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. Enlighteneds IoT platform helps to reduce the energy used by buildings energy use and improves space utilization
Key questions addressed by the Report
- What are the growth opportunities in the Smart building market?
- What is the competitive landscape scenario in the market?
- What are the regulations that are expected to have an impact on the market?
- What are the dynamics of the market?
- What are the major challenges for market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusion and Exclusion
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakdown and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Competitive Leadership Mapping Research Methodology
2.6 Research Assumptions and Limitations
2.6.1 Assumptions for the Study
2.6.2 Limitations of the Study
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 34)
4.1 Attractive Opportunities in the Smart Building Market
4.2 Market Top 3 Solutions and Regions
4.3 Market By Region
4.4 Market Investment Scenario
5 Market Overview and Industry Trends (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Adoption of Iot-Enabled Building Management System
5.2.1.2 Rising Awareness With Regard to Space Utilization
5.2.1.3 Increased Industry Standards and Regulations
5.2.2 Restraints
5.2.2.1 Lack of Cooperation Among Standard Bodies
5.2.3 Opportunities
5.2.3.1 Emergence of 5G Technology
5.2.3.2 Rising Smart City Trend
5.2.4 Challenges
5.2.4.1 Lack of Technology Alignment and Skilled Professionals
5.2.4.2 Rising Privacy and Security Concerns Owing to Iot-Enabled Devices
5.3 Case Studies
6 Smart Building Market By Component (Page No. - 42)
6.1 Introduction
6.2 Solutions
6.2.1 Solutions Help Solve the Critical Challenges for Building Operations
6.3 Services
6.3.1 Need for Consistent Performance of Solutions to Increase the Demand for Services in the Smart Building Market
7 Smart Building Market By Solution (Page No. - 46)
7.1 Introduction
7.2 Building Infrastructure Management (BIM)
7.2.1 Parking Management System
7.2.1.1 Parking Management System Helps to Manage Multiple Parking Facilities at A Time to Reduce Parking Complexities in Buildings
7.2.2 Smart Water Management System
7.2.2.1 Need for Efficiently Managing Water Resources to Increase the Demand for Smart Water Management Systems
7.2.3 Elevators and Escalators Management System
7.2.3.1 Smart Elevators Would Solve Elevator Failures and Increase the Life of Elevators
7.3 Security and Emergency Management
7.3.1 Access Control System
7.3.1.1 Access Control Software Works With Smart Building Automation Systems to Regulate Mechanical Systems and Provide Security Features That Keep Buildings Secure
7.3.2 Video Surveillance System
7.3.2.1 Video Surveillance Systems Provide Increased Visibility for Organizations That Want to Safeguard Their People, Assets, and Buildings
7.3.3 Safety System
7.3.3.1 Safety Systems Help to Control Accidents and Public Safety
7.4 Energy Management
7.4.1 HVAC Control System
7.4.1.1 Smart HVAC Technology Reduces Energy Costs, Lessens the Workload on Facilities Staff, and Provides Better Comfort Conditions
7.4.2 Lighting System
7.4.2.1 Smart Lighting Management Helps Reduce Energy Consumption in Buildings
7.5 Network Management
7.5.1 Network Management Helps to Run the Overall System Smoothly and Without Failure of the Control System
7.6 Workforce Management
7.6.1 Workforce Management Helps to Manage and Monitor the Workforce Within the Facility
8 Smart Building Market By Service (Page No. - 58)
8.1 Introduction
8.2 Consulting
8.2.1 Consulting Services Help Understand the Significance of the Smart Building Solutions
8.3 Integration and Deployment
8.3.1 Need for Integrating Different Components on A Single Platform to Increase the Demand for Integration and Deployment Services
8.4 Support and Maintenance
8.4.1 Need for Efficient and Seamless Operations of the Smart Building Solutions to Increase the Demand for Support and Maintenance Services
9 Smart Building Market By Building Type (Page No. - 63)
9.1 Introduction
9.2 Residential
9.2.1 Increasing Awareness of Safety and Security to Drive the Demand for Smart Solutions in Residential Buildings
9.3 Commercial
9.3.1 Office Buildings
9.3.1.1 Growing Demand for Smart Building Solutions to Provide Safe and Efficient Operations in Office Buildings
9.3.2 Retail and Public Assembly Buildings
9.3.2.1 Higher Demand for Smart Building Solutions in Commercial Buildings to Efficiently Manage Commercial Facilities and Track Public Across the Facility
9.3.3 Hospital and Healthcare Facilities
9.3.3.1 Smart Building Solution Helps in Patient Monitoring and Better Management of Hospital Facilities
9.3.4 Airports and Railway Stations
9.3.4.1 Smart Building Solutions Help to Keep the Airports and Railway Stations Safe and More Efficient
9.3.5 Others
9.4 Industrial
9.4.1 Smart Building Solutions Help Industries Become More Efficient and Productive
10 Smart Building Market By Region (Page No. - 72)
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Supportive Government Plans for Energy Optimization to Fuel the Growth of the Smart Building Market in the Us
10.2.2 Canada
10.2.2.1 Government Initiatives to Support the Green Building Initiatives to Fuel the Growth of Smart Building in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Initiatives of Smart Cities to Fuel the Growth of Smart Buildings in the UK
10.3.2 Germany
10.3.2.1 Increasing Adoption of IoT to Fuel the Growth of Smart Buildings in Germany
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Government Initiatives for the Adoption of Building Automation Solution Fueling the Growth of Smart Buildings in China
10.4.2 Japan
10.4.2.1 Technology Advancements in Various Sectors to Fuel the Growth of the Smart Building Market in Japan
10.4.3 Australia
10.4.3.1 Growing Investment From Commercial Property Owners and Government for the Development of Smart Cities Leading to Adoption of Smart Building in Australia
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Israel
10.5.1.1 Rise in Adoption of Connected Technologies to Increase the Demand for Smart Buildings in Israel
10.5.2 United Arab Emirates
10.5.2.1 Government Initiatives to Fuel the Growth of Smart Buildings in the UAE
10.5.3 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Growing Initiatives of the Government for Technological Adoption to Fuel the Growth of Smart Building in Brazil
10.6.2 Mexico
10.6.2.1 Growing Initiatives of Green Buildings to Fuel the Growth of Smart Building in Mexico
10.6.3 Rest of Latin America
11 Competitive Landscape (Page No. - 113)
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
12 Company Profiles (Page No. - 115)
12.1 Cisco
(Business Overview, Products & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.2 IBM
12.3 Hitachi
12.4 Honeywell
12.5 Siemens
12.6 Schneider Electric
12.7 Johnson Controls
12.8 Intel
12.9 Huawei
12.10 ABB
12.11 Pointgrab
12.12 Larsen & Toubro Technology Services
12.13 75f
12.14 Telit
12.15 Logicladder
12.16 Spacewell
12.17 PTC
12.18 Avnet
12.19 Softdel
12.20 Spaceti
*Details on Business Overview, Products & Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 148)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (126 Tables)
Table 1 United States Dollar Exchange Rate, 20152018
Table 2 Factor Analysis
Table 3 Smart Building Market Size, By Component, 20172024 (USD Million)
Table 4 Solutions: Market Size By Region, 20172024 (USD Million)
Table 5 Services: Market Size By Region, 20172024 (USD Million)
Table 6 Smart Building Market Size, By Solution, 20172024 (USD Million)
Table 7 Building Infrastructure Management: Market Size By Region, 20172024 (USD Million)
Table 8 Building Infrastructure Management: Market Size By Type, 20172024 (USD Million)
Table 9 Parking Management System Market Size, By Region, 20172024 (USD Million)
Table 10 Smart Water Management System Market Size, By Region, 20172024 (USD Million)
Table 11 Elevators and Escalators Management System: Smart Building Market Size, By Region, 20172024 (USD Million)
Table 12 Security and Emergency Management: Market Size By Region, 20172024 (USD Million)
Table 13 Security and Emergency Management: Market Size By Type 20172024 (USD Million)
Table 14 Access Control System Market Size, By Region, 20172024 (USD Million)
Table 15 Video Surveillance System Market Size, By Region, 20172024 (USD Million)
Table 16 Safety System Market Size, By Region, 20172024 (USD Million)
Table 17 Energy Management: Market Size By Region, 20172024 (USD Million)
Table 18 Energy Management: Smart Building Market Size, By Type, 20172024 (USD Million)
Table 19 HVAC Control System Market Size, By Region, 20172024 (USD Million)
Table 20 Lighting System Market Size, By Region, 20172024 (USD Million)
Table 21 Network Management: Market Size By Region, 20172024 (USD Million)
Table 22 Workforce Management: Market Size By Region, 20172024 (USD Million)
Table 23 Smart Building Market Size, By Service, 20172024 (USD Million)
Table 24 Consulting: Market Size By Region, 20172024 (USD Million)
Table 25 Integration and Deployment: Market Size By Region, 20172024 (USD Million)
Table 26 Support and Maintenance: Market Size By Region, 20172024 (USD Million)
Table 27 Smart Building Market Size, By Building Type, 20172024 (USD Million)
Table 28 Residential: Market Size By Region, 20172024 (USD Million)
Table 29 Commercial: Market Size By Region, 20172024 (USD Million)
Table 30 Commercial: Market Size By Type, 20172024 (USD Million)
Table 31 Office Buildings Market Size, By Region, 20172024 (USD Million)
Table 32 Retail and Public Assembly Buildings Market Size, By Region, 20172024 (USD Million)
Table 33 Hospital and Healthcare Facilities Market Size, By Region, 20172024 (USD Million)
Table 34 Airports and Railway Stations Market Size, By Region, 20172024 (USD Million)
Table 35 Others Market Size, By Region, 20172024 (USD Million)
Table 36 Industrial: Market Size By Region, 20172024 (USD Million)
Table 37 Smart Building Market Size, By Region, 20172024 (USD Million)
Table 38 North America: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 39 North America: Market Size By Solution, 20172024 (USD Million)
Table 40 North America: Market Size By Building Infrastructure Management, 20172024 (USD Million)
Table 41 North America: Market Size By Security and Emergency Management, 20172024 (USD Million)
Table 42 North America: Market Size By Energy Management, 20172024 (USD Million)
Table 43 North America: Market Size By Service, 20172024 (USD Million)
Table 44 North America: Market Size By Building Type, 20172024 (USD Million)
Table 45 North America: Market Size By Commercial Building Type, 20172024 (USD Million)
Table 46 North America: Market Size, By Country, 20172024 (USD Million)
Table 47 United States: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 48 United States: Market Size By Solution, 20172024 (USD Million)
Table 49 United States: Market Size By Service, 20172024 (USD Million)
Table 50 United States: Market Size By Building Type, 20172024 (USD Million)
Table 51 Canada: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 52 Canada: Market Size By Solution, 20172024 (USD Million)
Table 53 Canada: Market Size By Service, 20172024 (USD Million)
Table 54 Canada: Market Size By Building Type, 20172024 (USD Million)
Table 55 Europe: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 56 Europe: Market Size By Solution, 20172024 (USD Million)
Table 57 Europe: Market Size By Building Infrastructure Management, 20172024 (USD Million)
Table 58 Europe: Market Size By Security and Emergency Management, 20172024 (USD Million)
Table 59 Europe: Market Size By Energy Management, 20172024 (USD Million)
Table 60 Europe: Market Size By Service, 20172024 (USD Million)
Table 61 Europe: Market Size By Building Type, 20172024 (USD Million)
Table 62 Europe: Market Size By Commercial Building Type, 20172024 (USD Million)
Table 63 Europe: Market Size By Country, 20172024 (USD Million)
Table 64 United Kingdom: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 65 United Kingdom: Market Size By Solution, 20172024 (USD Million)
Table 66 United Kingdom: Market Size By Service, 20172024 (USD Million)
Table 67 United Kingdom: Market Size By Building Type, 20172024 (USD Million)
Table 68 Germany: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 69 Germany: Market Size By Solution, 20172024 (USD Million)
Table 70 Germany: Market Size By Service, 20172024 (USD Million)
Table 71 Germany: Market Size By Building Type, 20172024 (USD Million)
Table 72 Asia Pacific: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 73 Asia Pacific: Market Size By Solution,20172024 (USD Million)
Table 74 Asia Pacific: Market Size By Building Infrastructure Management, 20172024 (USD Million)
Table 75 Asia Pacific: Market Size By Security and Emergency Management, 20172024 (USD Million)
Table 76 Asia Pacific: Market Size By Energy Management, 20172024 (USD Million)
Table 77 Asia Pacific: Market Size By Service, 20172024 (USD Million)
Table 78 Asia Pacific: Market Size By Building Type, 20172024 (USD Million)
Table 79 Asia Pacific: Market Size By Commercial Building Type, 20172024 (USD Million)
Table 80 Asia Pacific: Market Size By Country, 20172024 (USD Million)
Table 81 China: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 82 China: Market Size By Solution, 20172024 (USD Million)
Table 83 China: Market Size By Service, 20172024 (USD Million)
Table 84 China: Market Size By Building Type, 20172024 (USD Million)
Table 85 Japan: Market Size By Component, 20172024 (USD Million)
Table 86 Japan: Market Size By Solution, 20172024 (USD Million)
Table 87 Japan: Market Size By Service, 20172024 (USD Million)
Table 88 Japan: Market Size By Building Type, 20172024 (USD Million)
Table 89 Australia: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 90 Australia: Market Size By Solution, 20172024 (USD Million)
Table 91 Australia: Market Size By Service, 20172024 (USD Million)
Table 92 Australia: Market Size By Building Type,20172024 (USD Million)
Table 93 Middle East and Africa: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 94 Middle East and Africa: Market Size By Solution, 20172024 (USD Million)
Table 95 Middle East and Africa: Market Size By Building Infrastructure Management, 20172024 (USD Million)
Table 96 Middle East and Africa: Market Size By Security and Emergency Management, 20172024 (USD Million)
Table 97 Middle East and Africa: Market Size By Energy Management, 20172024 (USD Million)
Table 98 Middle East and Africa: Market Size By Service, 20172024 (USD Million)
Table 99 Middle East and Africa: Market Size By Building Type, 20172024 (USD Million)
Table 100 Middle East and Africa: Market Size By Commercial Building Type, 20172024 (USD Million)
Table 101 Middle East and Africa: Market Size By Country, 20172024 (USD Million)
Table 102 Israel: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 103 Israel: Market Size By Solution, 20172024 (USD Million)
Table 104 Israel: Market Size By Service, 20172024 (USD Million)
Table 105 Israel: Market Size By Building Type, 20172024 (USD Million)
Table 106 United Arab Emirates: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 107 United Arab Emirates: Market Size By Solution, 20172024 (USD Million)
Table 108 United Arab Emirates: Market Size By Service, 20172024 (USD Million)
Table 109 United Arab Emirates: Market Size By Building Type, 20172024 (USD Million)
Table 110 Latin America: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 111 Latin America: Market Size By Solution, 20172024 (USD Million)
Table 112 Latin America: Market Size By Building Infrastructure Management, 20172024 (USD Million)
Table 113 Latin America: Market Size By Security and Emergency Management, 20172024 (USD Million)
Table 114 Latin America: Market Size By Energy Management, 20172024 (USD Million)
Table 115 Latin America: Market Size By Service, 20172024 (USD Million)
Table 116 Latin America: Market Size By Building Type, 20172024 (USD Million)
Table 117 Latin America: Market Size By Commercial Building Type, 20172024 (USD Million)
Table 118 Latin America: Market Size By Country, 20172024 (USD Million)
Table 119 Brazil: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 120 Brazil: Market Size By Solution, 20172024 (USD Million)
Table 121 Brazil: Market Size By Service, 20172024 (USD Million)
Table 122 Brazil: Market Size By Building Type, 20172024 (USD Million)
Table 123 Mexico: Smart Building Market Size, By Component, 20172024 (USD Million)
Table 124 Mexico: Market Size By Solution, 20172024 (USD Million)
Table 125 Mexico: Market Size By Service, 20172024 (USD Million)
Table 126 Mexico: Market Size By Building Type, 20172024 (USD Million)
List of Figures (36 Figures)
Figure 1 Smart Building Market: Research Design
Figure 2 Market: Top-Down and Bottom-Up Approaches
Figure 3 Competitive Leadership Mapping: Criteria Weightage
Figure 4 Smart Building Market, Top 3 Segments, 2019
Figure 5 Market By Component, 2019
Figure 6 Rising Adoption of Iot-Enabled Building Management System to Drive the Growth of Smart Building Market
Figure 7 Security and Emergency Management Segment, and North America to Hold the Highest Market Shares in 2019
Figure 8 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 9 Asia Pacific to Emerge as the Best Market for Investments During the Next 5 Years
Figure 10 Drivers, Restraints, Opportunities, and Challenges: Smart Building Market
Figure 11 Growth in IoT Deployments Worldwide for Commercial Real Estate
Figure 12 Solutions Segment to Account for A Larger Market Size During the Forecast Period
Figure 13 Security and Emergency Management Solution Segment to Account for the Largest Market Size During the Forecast Period
Figure 14 Integration and Deployment Segment to Account for the Largest Market Size During the Forecast Period
Figure 15 Commercial Building Type to Account for the Largest Market Size During the Forecast Period
Figure 16 Office Building Type to Account for the Largest Market Size During the Forecast Period
Figure 17 Asia Pacific to Exhibit the Highest CAGR in the Smart Building Market During the Forecast Period
Figure 18 North America to have the Largest Market Size in the Smart Building Market During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Smart Building Market(Global) Competitive Leadership Mapping
Figure 22 Cisco: Company Snapshot
Figure 23 Cisco: SWOT Analysis
Figure 24 IBM: Company Snapshot
Figure 25 IBM: SWOT Analysis
Figure 26 Hitachi: Company Snapshot
Figure 27 Hitachi: SWOT Analysis
Figure 28 Honeywell: Company Snapshot
Figure 29 Honeywell: SWOT Analysis
Figure 30 Siemens: Company Snapshot
Figure 31 Siemens: SWOT Analysis
Figure 32 Schneider Electric: Company Snapshot
Figure 33 Johnson Control: Company Snapshot
Figure 34 Intel: Company Snapshot
Figure 35 Huawei: Company Snapshot
Figure 36 ABB: Company Snapshot
The study involved four major activities in estimating the current market size for the market. Exhaustive secondary research was done to collect information on the Smart building market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the Smart building market.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The Smart building market comprises several stakeholders, such as service providers, system integrators, security agencies, trade associations, government authorities, security equipment providers, and Value-Added Resellers (VARs). The demand-side of the smart building market consists of all the firms operating, specially in the IoT domain. The supply-side includes smart building providers, offering smart building solutions. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents
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Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the global smart building market and various other dependent submarkets in the overall market. While using the top-down approach, an exhaustive list of all the vendors who offer solution and services in the smart building market was prepared. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on the service type and applications. The aggregate of all companies revenue was extrapolated to reach at the overall market size.
Further, each sub-segment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To determine and forecast the global smart building market by component, solution, service, building type, and region from 2019 to 2024, and analyze the various macroeconomic and microeconomic factors that affect market growth
- To forecast the size of the market segments concerning five main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
- To provide detailed information about the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze each submarket for individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Smart building market
- To profile the key market players, provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
- To track and analyze competitive developments, such as mergers and acquisitions, new product/service launches, business expansions, partnerships and collaborations, and Research and Development (R&D) activities in the market
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Growth opportunities and latent adjacency in Smart Building Market
Understanding the role of sensors that are used in smart and connected buildings.
Understanding the market potential of smart buildings
Insights about the report on type of smart buildings in whcih market for open integrated platform vendors
Indepth understanding of latest green concept KNX technology product information and project specification on Intelligent Security system, Building Energy Management system, Building Automation sytem both for Software and Services on Smart Building, Infrastructure Management and Network Management system Globally.
Market potential of smart buildimng market in Finland and Nordics countries.
Understand the SWOT analysis of vendors and insights about the BAS, BEMS, BCS in LATAM market.
Understand the Integration of BMS solution (Honeywell BMS Machine - software & hardware) including all security management systems(cctv,dstv,access control;lift&doors,video analytics, fire alarm, PA systems, IDS and HVAC systems including lighting.
Scope and defination of various segments such as Building energy management system, Physical security system, Building communication systems, Plumbing and water management system, Parking management systems, Elevators and escalators management system.
Understanding about Energy Management for a customer with several buildings and integrated with security systems
Understand the dymanics and market trends of applications such as Solar Energy, particularly being in a tropical country.
understand the market dymnaics by Networking Technology especially in "wireless Technology" and market by Application especially in "Commercial Buildings".
Understanding the market potential of Smart building along with trends, forecasts by countries in Europe (with a specific focus on France).
Market potential of Smart building within the Commercial building Plumbing and Water segment
Market potential from 2013 to 2018.
Understand the SWOT analysis of vendors and insights about the BAS, BEMS, BCS in LATAM market.
Understand the SWOT analysis of vendors and insights about the BAS, BEMS, BCS in LATAM market.
Insights on Wireless Technology by Type such as ZigBee, Z-Wave and EnOcean.