Report
Description
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:
Ø 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
Ø It explains upcoming revenue opportunities across various
market segments and attractive matrix of investment proposition for the said
market
Ø 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
Ø 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
Ø 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
Ø 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
Ø 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
Ø 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
Ø Reports have been made based on the guidelines as
mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken
into consideration before coming to a conclusion
Reasons
to buy:
v Identify opportunities and plan strategies by having a
strong understanding of the investment opportunities in the Smart
Building Market
v
Identification
of key factors driving investment opportunities in the Smart
Building Market Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop strategies
based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants