Dec 13, 2022

News provided by Share this article Share this article NEW YORK, Dec. 12, 2022 /PRNewswire/ -- The smart buildings market  size is forecast to increase by USD 46,123.2 million from 2022 to 2027, at a CAGR of 9.73%, according to the recent market study by Technavio. The growth of the market will be driven by stringent government regulations on energy consumption in buildings, the growing need for building automation to enhance business outcomes, and the increasing demand to conserve energy. Technavio has announced its latest market research report titled Global Smart Buildings Market 2023-2027 Technavio categorizes the global smart buildings market as a part of the construction and engineering market, which covers revenue generated from the sales and subscription of IT services, communications services, cloud services, IT hardware, and IT software. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report Technavio has extensively analyzed 15 major vendors, including ABB Ltd., Advantech Co. Ltd., BuildingIQ Inc., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, L and T Technology Services Ltd., Legrand North America LLC, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Snap One LLC. Key Benefits for Industry Players & Stakeholders – The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology. It also provides detailed analyses of the market's competitive landscape and vendors' product offerings. The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH. Furthermore, market adoption rates for all regions have been covered. Download the sample  to get a holistic overview of the smart buildings market by industry experts to evaluate and develop growth strategies. The market is segmented by solution (software, hardware, and services), product (BMS, HVAC, lighting control, security and access control, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Segmentation by solution (Inclusion/Exclusion) Software: The software segment grew gradually by USD 27,952.08 million in 2017 and continued to grow till 2021. The need for collecting information generated by different subsystems, processors, storage devices, cameras, and sensors has been crucial in driving the growth of the segment. Besides, rising government investments in converting new construction into smart buildings are supporting the growth of the segment. To get detailed insights about inclusions and exclusions, buy now. Related Reports – The steel building market size in MEA is expected to increase by USD 476.41 million from 2021 to 2026, at a CAGR of 8.87%. The advantages of PEBs over traditional buildings are notably driving the steel building market growth in MEA, although factors such as low awareness and limited design flexibility in the residential sector may impede the market growth. The construction scaffolding rental market is estimated to grow at a CAGR of 4.86% between 2022 and 2027. The size of the market is forecast to increase by USD 2785.87 million. The rise in global construction activities is notably driving the construction scaffolding rental market growth, although factors such as improper management may impede the market growth. What are the key data covered in smart buildings market? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the smart buildings market between 2023 and 2027 Precise estimation of the size of the smart buildings market and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the cloud data warehouse market industry across APAC, North America, Europe, Middle East and Africa, and South America Thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of smart buildings market vendors Smart Buildings Market Scope Key companies profiled ABB Ltd., Advantech Co. Ltd., BuildingIQ Inc., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, L and T Technology Services Ltd., Legrand North America LLC, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Snap One LLC, Softdel System Pte. Ltd., Verdigris Technologies Inc., Panasonic Holdings Corp., and International Business Machines Corp. Market dynamics Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents: Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global Smart Buildings Market 2023-2027 2017 - 2021  Exhibit 18: Historic Market Size – Data Table on Global Smart Buildings Market 2023-2027 2017 - 2021 ($ million) 4.2 Solution Segment Analysis 2017 - 2021  Exhibit 19: Historic Market Size – Solution Segment 2017 - 2021 ($ million) 4.3 Product Segment Analysis 2017 - 2021  Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021  Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021  Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Solution 6.3 Software - Market size and forecast 2022-2027  Exhibit 34: Chart on Software - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Software - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Software - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Software - Year-over-year growth 2022-2027 (%) 6.4 Hardware - Market size and forecast 2022-2027  Exhibit 38: Chart on Hardware - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Hardware - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Hardware - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Hardware - Year-over-year growth 2022-2027 (%) 6.5 Services - Market size and forecast 2022-2027  Exhibit 42: Chart on Services - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Services - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Services - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Services - Year-over-year growth 2022-2027 (%) 6.6 Market opportunity by Solution  Exhibit 46: Market opportunity by Solution ($ million) 7 Market Segmentation by Product 7.1 Market segments Exhibit 50: Data Table on Comparison by Product 7.3 BMS - Market size and forecast 2022-2027  Exhibit 51: Chart on BMS - Market size and forecast 2022-2027 ($ million) Exhibit 52: Data Table on BMS - Market size and forecast 2022-2027 ($ million) Exhibit 53: Chart on BMS - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on BMS - Year-over-year growth 2022-2027 (%) 7.4 HVAC - Market size and forecast 2022-2027  Exhibit 55: Chart on HVAC - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on HVAC - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on HVAC - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on HVAC - Year-over-year growth 2022-2027 (%) 7.5 Lighting control - Market size and forecast 2022-2027  Exhibit 59: Chart on Lighting control - Market size and forecast 2022-2027 ($ million) Exhibit 60: Data Table on Lighting control - Market size and forecast 2022-2027 ($ million) Exhibit 61: Chart on Lighting control - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Lighting control - Year-over-year growth 2022-2027 (%) 7.6 Security and access control - Market size and forecast 2022-2027  Exhibit 63: Chart on Security and access control - Market size and forecast 2022-2027 ($ million) Exhibit 64: Data Table on Security and access control - Market size and forecast 2022-2027 ($ million) Exhibit 65: Chart on Security and access control - Year-over-year growth 2022-2027 (%) Exhibit 66: Data Table on Security and access control - Year-over-year growth 2022-2027 (%) 7.7 Others - Market size and forecast 2022-2027  Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million) Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million) Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%) 7.8 Market opportunity by Product  Exhibit 71: Market opportunity by Product ($ million) 8 Customer Landscape Exhibit 76: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027  Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027  Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 APAC - Market size and forecast 2022-2027  Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027  Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027  Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027  Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 UK - Market size and forecast 2022-2027  Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.10 Germany - Market size and forecast 2022-2027  Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.11 China - Market size and forecast 2022-2027  Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%) 9.12 Japan - Market size and forecast 2022-2027  Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography  Exhibit 117: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact