2 June, 2020 – A recent market intelligence report that is published by Data Insights Partner on Smart Building Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Smart Building Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Smart Building Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Smart Building Market is offered. In accordance with the report, the Smart Building Market is projected to expand at a CAGR of 24.9% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Smart Building is the facility which utilizes the advanced automation & integration to measure, control, monitor, and optimize the operations and the maintenance. Enabling technologies are being characterized by the convergence of the building automation and information technology. Smart Building solution permits the building owners, key decision-makers and operators to gain unmatched visibility into building use and equipment operations due to the courtesy of the real-time data generated by sensors, controls, and monitors in the Smart Building configuration. Development of the smart building is a process of investment & transformation in the facility management. The process is being developed by integration of the automation technologies and advanced controls which utilizes the data management and analytics within the IT architecture .There is no such scope of off -the -shelf deployment of the technologies in case of smart building or smart home . In case of the existing buildings, technologies are being deployed as the retrofits or the extensions to the existing infrastructure for the purpose of increasing the sophistication of energy management equipment in that facility. The main idea behind smart building is to have efficient operations and maintenance. A Smart Building integrates the essential building systems on a common or regular network and then shares the information & functionality in between systems for the purpose of improving energy efficiency, occupant satisfaction and operational effectiveness. Energy efficient building has got superior systems which used to deliver more for less. Intelligence in terms of energy in a smart building comprises of the reduction of energy used to barest minimum. Computerized systems are being used heavily. Such computerized systems go by various names: Energy Management System, Building Automation System, Central Control and Monitoring System, Energy Management and Control System and Facilities Management System. Integrating the enterprise with BMS & real time building system actually creates a immense potential for both comfort provisioning and energy effectiveness by using context-related data and information which already exists but not being used for the purpose of improving the building performance.
Geographically, Smart Building Market is segmented into North America, Europe, Asia Pacific, Middle East, Africa and South America. In global smart building market, Europe holds the major share followed by North America and Asia Pacific. Asia pacific is expected to experience the highest growth rate during the forecast period.
Segment Covered:
This market intelligence report on the Smart Building Market has been segmented by solutions, product & region. In terms of the solutions, Smart Building Market has been segregated into hardware, software and services. In terms of the product, Smart Building Market has been segregated into Audio & video affects, emergency alarm and evacuation system, security and access control, lighting control, HVAC and BMS.
Aggregating & analysing the data from various sources is the core of any kind of smart building solution. Cloud is actually suited to provide a globally available platform for the purpose of managing the building data merged up with the contextual information & made it accessible for variety of devices and users. Next generation of the smart building solutions will surely allow the organizations to automatically adjust the building control based on the real-time data. With an increasing adoption of the smart building solution, the built environment will achieve new heights in scenarios related to the energy use and the improvements in case of occupant comfort.
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as Cisco, IBM, Siemens, Honeywell International, Johnson Controls, Delta Controls, Building IQ, Legrand, UTC among others. Contracts for design, installation, supply & agreements was the commonly implemented strategy by the major players in the Smart Building Market in between 2015 to 2018.Moreover, parameters such as Smart Building Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2019-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Salient Features:
- This study offers comprehensive yet detailed analysis of the Smart Building Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017 as the base year
- It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
- This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
- Profiling of key market players in the world Smart Building Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
- Leading market players covered this report comprise names such as Cisco, IBM, Siemens, Honeywell International, Johnson Controls, Delta Controls, Building IQ, Legrand, UTC among others
- The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
- The world market for Smart Building Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, product manufacturers, investors, and distributors for Smart Building Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
- Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
- Reports have been made based on the guidelines as mandated by General Data Protection Regulation
- Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Smart Building Market
- Identification of key factors driving investment opportunities in the Smart Building Market Facilitate decision-making based on strong historic and forecast data
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Develop strategies based on the latest regulatory events
- Identify key partners and business development avenues
- Respond to your competitors’ business structure, strategy and prospects
- Identify key strengths and weaknesses of important market participants
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