Global Smart
Building Market accounted for USD
5.89 billion in 2017 and is projected to grow at a CAGR of 34.1% the forecast period of 2018 to
2025. The upcoming market report contains data for historic years 2016, the
base year of calculation is 2017 and the forecast period is 2018 to 2025. Key players
profiled in this report are ABB Group,
Siemens AG, Schneider Electric, Cisco Systems, Inc., International Business
Machines Corporation, Delta Controls, Johnson Controls, Honeywell International
Inc., United Technologies Corporation, Legrand, BuildingIQ (US), Ingersoll Rand
Security Technologies, TYCO International, Control4, Hitachi, IBM, Accenture
and General Electric
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Market Segmentation:
Global Smart Building Market
·
The global smart building market is based on
type, systems segment analysis, application segment analysis, and geographical
segments.
·
Based on type, the global smart building market
is segmented into building automation software and services. Building
automation software type is further sub segmented into intelligent security
system, building energy management system, infrastructure management system and
network management system. Services segment is further sub segmented into professional
services, and managed services
.
·
Based on system segment analysis, the global
smart building market is segmented into building energy management system,
physical security system, building communication systems, plumbing and water
management system, parking management systems, elevators, and escalators
management system.
·
Based on application segment analysis, the
global smart building market is segmented into manufacturing facilities,
residential buildings, commercial buildings, university, school, & hospital
buildings, government & public infrastructure facilities, and others.
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Market Drivers and
Restraints:
·
Upcoming government initiatives and measures.
·
Rising concern for safety and security among the
common people.
·
Rapid urbanization and industrialization.
·
Increasing adoption of energy saving
technologies.
·
Expensive set costs leading to huge investment.
·
Lack of skilled labor.
Competitive Analysis:
Global Smart Building Market
The global smart building market is fragmented and the major
players have used various strategies such as new product launches, expansions,
agreements, joint ventures, partnerships, acquisitions, and others to increase
their footprints in this market in order to sustain in long run. The report
includes market shares of smart building market for global, Europe, North
America, Asia Pacific and South America.
Key insights in the report:
·
Complete
and distinct analysis of the market drivers and restraints
·
Key
Market players involved in this industry
·
Detailed
analysis of the Market Segmentation
·
Competitive
analysis of the key players involved
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