Smart building is a solution that renovates an automated building into an intelligent building. It incorporates building management systems and offers data analytical tools to every individual system to permit the control systems capabilities of making decisions. Smart buildings have programmed seamless integration of standalone system supported by building the Internet of things (BIoT) to make each device intelligent to know the environment beyond the controls and work. The smart building market value will be having $7.53 Billion in 2018, and it is likely to reach up to $36.10 Billion by the end of 2025 with a CAGR of 35.02% during the forecast period 2019-2025. Increasing need for integrated security, safety systems and decreasing operational expenses are the major factors driving the market growth. High initial investment, lack of awareness and limited availability of skilled staff is hampering the growth of the smart building market. Increasing cloud based IoT platforms and rising wave of smart cities are providing an ample number of opportunities shortly.

Research Study Objectives:

• Define, estimate, and forecast the smart building market statistics by type, building type, and regions concerning the individual growth drivers, market trends and their contribution toward the smart building 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 Smart Building Market Analysis report.
• Analysis and conclusions on the future smart building market outlook.

Top-down and bottom-up approaches are used to validate the smart building 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 smart building Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Smart building 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 smart building market segmentation is as follows:

By Type

• Building Automation Software
• Intelligent Security System
• Video Surveillance System
• Access Control System
• Emergency Management System
• Building Energy Management System
• Energy Management Platform
• HVAC Control System
• Lighting Control System
• Infrastructure Management System
• Parking Management System
• Smart Water Management System
• Elevators and Escalators Management System
• Network Management System
• Services
• Professional Services
• Consulting Services
• System Integration and Deployment Services
• Support and Maintenance Services
• Managed Services

By Building type

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

Geographical Analysis:

Smart Building 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. APAC 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 smart building Market include:

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

Global Smart Building Market Research Report Includes:

• An executive summary condensing 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, SWOT analysis, 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 smart building market players, such as
  • IBM Corporation.
  • Cisco System Inc.
  • Siemens A.G
  • Honeywell International Ltd.
  • Schneider Electric S.E

Along with these companies, many other companies are considered in the report while analysing the global smart building 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.