Global Building Analytics Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Building analytics is a reference to the building industry, which prefers to generate data from various equipment systems and accelerate the performance of equipment across the facility. Global building analytics market size was valued at $4.79 billion in 2017 and is estimated to reach $13.17 billion by 2025 with the CAGR of 13.41% during 2019-2025. Reducing operational cost, rising demand for energy efficient system and increasing deployment of cloud model are contributing to the growth of building analytics market. However, the market is hindering from some key factors such as require a high cost for implementation and deployment of IoT impacting the market. Whereas, the market is expected to drive the growth owing to ease of enhancing the comfort level of human, advancing the life cycle of equipment and enhancing the reduction of excess energy consumption and rising initiations from the government.

Research Study Objectives:

• Define, estimate, and forecast the building analytics market statistics by component, building type, deployment mode, application and regions concerning the individual growth drivers, market trends and their contribution toward the building analytics market growth.
• Provides comprehensive information regarding the key factors influencing the market growth (drivers, restraints & challenges, and opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the building analytics market analysis report.
• Analysis and conclusions on the future building analytics market outlook.

Top-down and bottom-up approaches are used to validate the building analytics market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The building analytics market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the building analytics market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The building analytics market segmentation is as follows:

By Component

• Software
• Services
  • Managed Services
  • Professional Services
    • Consulting Services
    • Support and Maintenance Services

By Building Type

• Manufacturing Facilities
• Residential Buildings
• Commercial Buildings
• Public Places
• Government Buildings
• Others

By Deployment Type

• On Premises
• Cloud

By Application

• Operations Cost
• Fault Detection and Monitoring
• Energy Management
  • Heating, Ventilation, and Air Conditioning Control Systems Management
  • Lighting Control Systems Management
• Security Management
  • Video Surveillance
  • Access Control
• Emergency Management
• Parking Management
  • Parking Fee and Revenue Management
  • Parking Reservation Management
  • Parking Guidance and Slot Management

Geographical Analysis:

Building analytics market is segmented by geography into North America, South America, Europe, Asia Pacific and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. The Asia Pacific is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the building analytics market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Building Analytics Market Research Report Includes:

• An executive summarycondensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant building analytics, such as
  • Cisco Systems, Inc.
  • Siemens AG
  • Honeywell International, Inc.
  • IBM Corporation
  • General Electric Company

Along with these companies, many other companies are considered in the report while analysing the global building analytics market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.