Global Smart building Market – Size, Outlook, Trends and Forecast (2024

Global Smart building Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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

Global Smart building Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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 some other promising

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Global Smart building Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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