The Smart Building Market was valued at USD 99.6 Billion in 2023 and is expected to reach USD 663.6 Billion by 2032, growing at a CAGR of 23.47% from 2024-2032.
Increasing urbanization, technological advances, and the rising need for energy efficiency drive significant growth in the Smart Building Market. Smart buildings maximize energy use, boost security, and improve occupant comfort using modern systems like IoT, AI, and automation. To create smart structures, these devices are connected to monitor and control systems such as lighting, HVAC, access control, and water use in real-time. Statistics show that more than 40% of total energy consumption comes from buildings, which draws singular attention to the need for energy-efficient solutions. Smart buildings can reduce energy costs by as much as 30% between commercial and residential, providing a strong value proposition. A huge factor driving growth is the proliferation of IoT-powered solutions, which is expected to lead to the installation of over 15 billion IoT devices deployed at smart buildings by the end of 2025. In addition, the increasing emphasis on sustainability and compliance with green building standards like LEED and BREEAM is propelling the adoption of smart technologies. Apart from this, governments across the globe are establishing stringent energy efficiency policy mandates and incentives to accelerate smart building adoption.
The transition to remote and hybrid work has also increased the need for integrated workplace management systems to make the best use of space and create safe, productive spaces. Moreover, the innovation of 5G and edge computing to transmit data quickly and reliably is extending the reliability of smart building system functions. However, high random costs along with cyber danger attached to cyber ahead technology are essential barriers, innovation in cloud-based edges-fitting technology and artificial intelligence fire ahead maintenance degree have mitigated this to a big degree. Hence, the Global Smart Building Market is poised for continued expansion as the world strives for efficiency, sustainability, and improved occupant experiences.
Market Dynamics
Drivers
Rapid urban growth and smart city initiatives fuel infrastructure investments.
The growing need for advanced infrastructure for increasing population per area and the urban issues related to it such as solid waste management, effective transport systems, and maintenance of the environment is the major reason driving the smart building market, owing to the growth of smart buildings to take rapid growth due to rapid urbanization and following up the government initiatives of the smart city. Smart cities aim to enhance the quality of life for urban residents by integrating technology into infrastructure, transportation, energy, and building management systems. In this scenario, smart buildings serve as a fundamental element of smart city development, providing energy-efficient, sustainable, and interoperable solutions. With IoT-based devices, such buildings facilitate real-time monitoring, automation, and resource optimization so energy can be used efficiently, minimizing operational costs.
With urbanization zooming in at an unprecedented pace, the governments along with several private investors are investing in modern infrastructures to meet the ever-increasing demand for housing, commercial spaces, and public amenities. Integration of renewable energy systems and energy storage in smart buildings promotes sustainable urban development by reducing CO2 emissions, which is one of the key features of smart city development. Smart city initiatives normally have regulatory and financial mechanisms in place to spur the adoption of smart technology, accelerating the rollout of smart building solutions. As urban populations are projected to significantly increase in the next few decades, the integration of smart buildings into urban planning is vital to enable sustainable, technology-driven, and habitable cities. Such a trend is expected to remarkably enhance the global amount of the Smart Building Market in the near future.
Enhanced connectivity and automation enable real-time monitoring and optimization of building systems.
Stringent energy efficiency mandates and incentives boost smart building adoption.
Restraints
Concerns over data collection and usage in smart building systems create trust issues among users.
Perceptions of data collection and usage in smart building systems have emerged as a significant barrier in the Smart Building Market as it creates positive trust and privacy challenges for the user. IoT-Based Device Modeling and Sensor Needed for Smart Buildings Smart buildings rely on IoT-Connected devices and hardware chips, sensors, and non-tangible AI platforms to monitor functions such as energy consumption, lighting, HVAC, and security. They produce high volumes of data, including sensitive information on the building occupants such as their movements, preferences, and behaviors. Although these data are essential for increasing operational efficiencies and occupant comfort, this data also poses a risk if not properly managed, secured, and protected. As cyber threats continue to grow in complexity, users are becoming more sensitive to privacy risks such as unauthorized access, data misuse, and breaches. This lack of uniform policies and ambiguity on data collection and usage worsens such apprehensions, causing some users to shy away from the smart technology. For example, privacy legislation such as the GDPR or CCPA may cause building owners and managers to wait before implementing smart systems. To counter these issues, it is important to provide security measures like encryption, secure data storage, and access controls as well as a clear policy regarding how the data how which data is collected, stored, and utilized. To tackle these challenges, trust needs to be created — through certifications, third-party audits, and conformance to international data privacy regulations. With increasing awareness and solutions for data privacy, the Smart Building Market can try to eliminate trust issues and achieve a larger market acceptance in the future.
Increased connectivity in smart buildings exposes systems to potential cyber threats and data breaches.
Compatibility issues with legacy systems hinder seamless implementation of smart technologies.
By Solution
The safety & security management segment dominated the market and a represented significant revenue share of more than 37% in 2023. This area includes integrated management, interfaces with other in-house systems, and data collection & analysis. The availability of advanced safety and security devices with Internet Protocol-enabled capabilities, is galvanizing the deployment of smart building solutions that offer facilities managers sophisticated instruments to strengthen the safety and security of building and this is a major factor driving the growth of the global smart buildings market. Moreover, increasing governmental regulations for building safety and security are estimated to propel the growth of this segment over the forecast period.
Energy Management segment is expected to register the fastest CAGR during the forecast period. The rise in the uptake of Energy Management systems by residential, commercial, and industrial buildings is propelling rapid growth. Manufacturers are providing sustainable smart home energy solutions, which are gaining adoption from a large customer base.
By Services
The implementation segment dominated the market and captured a market share of more than 46% in 2023. The expanding adoption of smart building software and services in multiple industries has led to this growth. Service providers begin by connecting systems that are already implemented: fire alarms, water pumps, power meters, lighting, heating, and their sensors and control systems to create a smart building. Implementation services providers help building owners, facility managers, and operators in deploying and optimizing these foundational systems. These implementation services are beneficial and are expected to result in the continuing growth of the segment through 2032.
The support and maintenance segment are expected to grow at the fastest CAGR during the forecast period. This segment is expected to experience significant opportunities with an increased push on smart buildings worldwide. Support and maintenance services incorporate general support, maintenance, and upgrades for smart building management solutions. Such service providers also facilitate efficient, cost-effective operations for smart building operators through intelligent automation techniques. Support and maintenance services provide various capabilities that are likely to continue driving growth in this segment from 2024 to 2032.
By End -Use
The commercial segment dominated the market and represented a significant revenue share in 2023. The higher segment share is attributed to the increasing adoption of smart building solutions in IT companies, shopping malls, stadiums, and healthcare. The growth of the commercial sector has been fueled by companies in the market developing different technology solutions designed to provide superior solutions to different enterprise needs.
The residential segment is projected to attain the fastest CAGR over the forecast period. The residential segment growth is driven by the demand for Heating, Ventilation, & Air Conditioning management, smart door lock security systems, smart home lights, and Smart Meters to manage and monitor the mechanical and electrical systems of the building. Consumers used video doorbells to maintain a contactless lifestyle, robotic vacuum cleaners to clean their houses, and high-end security cameras for safety. In addition, the segment is projected to gain from high-speed power line communication, the uptick in the consumer electronics industry, and increasing disposable income in developing countries.
Regional Analysis
In 2023, the North American region dominated the global smart building market and held the largest market share at 39%. The growth of the regional market is due to the modernization of digital infrastructure solutions and increasing public & private investment in smart city solutions. Firms competing in the North American smart building market are introducing innovations in order to sustain a competitive advantage over their competitors.
The Asia Pacific smart building market is projected to be the most rapidly growing regional market with a CAGR of 24.62% during the forecast period. The growth can be accredited to the increasing high urbanization, internet penetration the emerging awareness of consumers towards the adoption of smart buildings due to the use of remote management services through IoT technology. Smart building infrastructure, billions pouring from Singapore, Japan, India, China et al. The enhancement creating attention of the customers modernize their old roofs into intelligent buildings is the factor propelling the Asia Pacific market growth.
The major key players along with their products are
Schneider Electric – EcoStruxure Smart Building
Honeywell International – Honeywell Building Management Solutions
Johnson Controls – Metasys Building Automation System
Siemens AG – Desigo CC
Bosch Security Systems – Bosch Building Integration System
ABB Ltd. – ABB Ability Building Automation
Legrand – Legrand Smart Building Solutions
Lutron Electronics – Lutron HomeWorks QS
Trane Technologies – Trane Smart Thermostat
Philips Lighting (Signify) – Interact Pro
Cree, Inc. – Smart LED Lighting Solutions
BuildingIQ – Energy Optimization Platform
Crestron Electronics – Crestron Home Automation
In September 2024, UnaBiz unveiled three IoT solutions targeting the smart building sector at BEX Asia 2024. These solutions aim to automate monitoring, optimize operations, and assist building owners in meeting sustainability goals by reducing waste and enhancing efficiency.
In June 2024, Schneider Electric launched the SMART Buildings Division, aiming to provide comprehensive solutions and services to support building owners and operators in achieving decarbonization and sustainability goals.
In April 2024, Siemens Smart Infrastructure introduced Electrification X, a scalable Internet-of-Things (IoT) Software-as-a-Service (SaaS) offering designed to transform electrification infrastructure.
|
Report Attributes |
Details |
|
Market Size in 2023 |
USD 99.6 Billion |
|
Market Size by 2032 |
USD 663.6 Billion |
|
CAGR |
CAGR of 23.47% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Solution (Safety & Security Management, Energy Management, Building Infrastructure Management, Integrated Workplace Management System (IWMS), Network Management) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
Schneider Electric, Honeywell International, Johnson Controls, Siemens AG, Bosch Security Systems, ABB Ltd., Legrand, Lutron Electronics, Trane Technologies, Philips Lighting (Signify), Cree, Inc., BuildingIQ, Crestron Electronics, Honeywell Building Technologies |
|
Key Drivers |
• Enhanced connectivity and automation enable real-time monitoring and optimization of building systems. |
|
RESTRAINTS |
• Increased connectivity in smart buildings exposes systems to potential cyber threats and data breaches. |
Ans: Compatibility issues with legacy systems hinder seamless implementation of smart technologies.
Ans: USD 105.35 billion in 2023 is the market share of the Smart Building Market.
Ans. Enhanced connectivity and automation enable real-time monitoring and optimization of building systems.
Ans: The CAGR of the Smart Building Market during the forecast period is 23.47% from 2024-2032.
Ans. The Smart Building Market was valued at USD 99.6 Billion in 2023 and is expected to reach USD 663.6 Billion by 2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, by Region
5.3 Cybersecurity Incidents, by Region (2020-2023)
5.4 Cloud Services Usage, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Smart Building Market Segmentation, By Solution
7.1 Chapter Overview
7.2 Safety & Security Management
7.2.1 Safety & Security Management Market Trends Analysis (2020-2032)
7.2.2 Safety & Security Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.3 Access Control System
7.2.3.1 Access Control System Market Trends Analysis (2020-2032)
7.2.3.2 Access Control System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.4 Video Surveillance System
7.2.4.1 Video Surveillance System Market Trends Analysis (2020-2032)
7.2.4.2 Video Surveillance System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.5 Fire And Life Safety System
7.2.5.1 Fire And Life Safety System Market Trends Analysis (2020-2032)
7.2.5.2 Fire And Life Safety System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Energy Management
7.3.1 Energy Management Market Trends Analysis (2020-2032)
7.3.2 Energy Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.3 HVAC Control System
7.3.3.1 HVAC Control System Market Trends Analysis (2020-2032)
7.3.3.2 HVAC Control System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.4 Lighting Management System
7.3.4.1 Lighting Management System Market Trends Analysis (2020-2032)
7.3.4.2 Lighting Management System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.5 Others
7.3.5.1 Others Market Trends Analysis (2020-2032)
7.3.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Building Infrastructure Management
7.4.1 Building Infrastructure Management Market Trends Analysis (2020-2032)
7.4.2 Building Infrastructure Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4.3 Parking Management System
7.4.3.1 Parking Management System Market Trends Analysis (2020-2032)
7.4.3.2 Parking Management System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4.4 Water Management System
7.4.4.1 Water Management System Market Trends Analysis (2020-2032)
7.4.4.2 Water Management System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4.5 Others
7.4.5.1 Others Market Trends Analysis (2020-2032)
7.4.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Integrated Workplace Management System
7.5.1 Integrated Workplace Management System Market Trends Analysis (2020-2032)
7.5.2 Integrated Workplace Management System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.3 Real Estate Management
7.5.3.1 Real Estate Management Market Trends Analysis (2020-2032)
7.5.3.2 Real Estate Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.4 Capital Project Management
7.5.4.1 Capital Project Management Market Trends Analysis (2020-2032)
7.5.4.2 Capital Project Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.5 Facility Management
7.5.5.1 Facility Management Market Trends Analysis (2020-2032)
7.5.5.2 Facility Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.6 Operations and Services Management
7.5.6.1 Operations and Services Management Market Trends Analysis (2020-2032)
7.5.6.2 Operations and Services Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5.7 Environment and Energy Management
7.5.7.1 Environment and Energy Management Market Trends Analysis (2020-2032)
7.5.7.2 Environment and Energy Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Network Management
7.6.1 Network Management Market Trends Analysis (2020-2032)
7.6.2 Network Management Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6.3 Wired Technology
7.6.3.1 Wired Technology Market Trends Analysis (2020-2032)
7.6.3.2 Wired Technology Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6.4 Wireless Technology
7.6.4.1 Wireless Technology Market Trends Analysis (2020-2032)
7.6.4.2 Wireless Technology Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Smart Building Market Segmentation, by Services
8.1 Chapter Overview
8.2 Consulting
8.2.1 Consulting Market Trends Analysis (2020-2032)
8.2.2 Consulting market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Implementation
8.3.1 Implementation Market Trends Analysis (2020-2032)
8.3.2 Implementation Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Support & Maintenance
8.4.1 Support & Maintenance Market Trends Analysis (2020-2032)
8.4.2 Support & Maintenance Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Smart Building Market Segmentation, by End-use
9.1 Chapter Overview
9.2 Residential
9.2.1Residential Market Trends Analysis (2020-2032)
9.2.2Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Commercial
9.3.1 Commercial Market Trends Analysis (2020-2032)
9.3.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.3 Healthcare
9.3.3.1 Healthcare Market Trends Analysis (2020-2032)
9.3.3.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.4 Retail
9.3.4.1 Retail Market Trends Analysis (2020-2032)
9.3.4.2 Retail Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.5 Academic
9.3.5.1 Academic Market Trends Analysis (2020-2032)
9.3.5.2 Academic Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.6 Others
9.3.6.1 Others Market Trends Analysis (2020-2032)
9.3.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Industrial
9.4.1 Industrial Market Trends Analysis (2020-2032)
9.4.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.4 North America Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.2.5 North America Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.6.2 USA Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.2.6.3 USA Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.7.2 Canada Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.2.7.3 Canada Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.8.2 Mexico Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.2.8.3 Mexico Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.6.2 Poland Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.1.6.3 Poland Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.7.2 Romania Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.1.7.3 Romania Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.4 Western Europe Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.5 Western Europe Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.6.2 Germany Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.6.3 Germany Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.7.2 France Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.7.3 France Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.8.2 UK Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.8.3 UK Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.9.2 Italy Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.9.3 Italy Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.10.2 Spain Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.10.3 Spain Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.13.2 Austria Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.13.3 Austria Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.4 Asia Pacific Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.5 Asia Pacific Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.6.2 China Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.6.3 China Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.7.2 India Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.7.3 India Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.8.2 Japan Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.8.3 Japan Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.9.2 South Korea Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.9.3 South Korea Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.10.2 Vietnam Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.10.3 Vietnam Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.11.2 Singapore Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.11.3 Singapore Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.12.2 Australia Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.12.3 Australia Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.4 Middle East Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.1.5 Middle East Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.6.2 UAE Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.1.6.3 UAE Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.4 Africa Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.2.5 Africa Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Smart Building Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.4 Latin America Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.6.5 Latin America Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.6.2 Brazil Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.6.6.3 Brazil Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.7.2 Argentina Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.6.7.3 Argentina Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.8.2 Colombia Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.6.8.3 Colombia Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Smart Building Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Smart Building Market Estimates and Forecasts, by Services (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Smart Building Market Estimates and Forecasts, by End-use (2020-2032) (USD Billion)
11. Company Profiles
11.1 Schneider Electric
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Honeywell International
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Johnson Controls
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Siemens AG
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Bosch Security Systems
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 ABB Ltd.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Legrand
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Lutron Electronics
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Trane Technologies
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Philips Lighting
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Solution
Safety & Security Management
Access Control System
Video Surveillance System
Fire And Life Safety System
Energy Management
HVAC Control System
Lighting Management System
Others
Building Infrastructure Management
Parking Management System
Water Management System
Others
Integrated Workplace Management System (IWMS)
Real Estate Management
Capital Project Management
Facility Management
Operations and Services Management
Environment and Energy Management
Network Management
Wired Technology
Wireless Technology
By Service
Consulting
Implementation
Support & Maintenance
By End-Use
Residential
Commercial
Healthcare
Retail
Academic
Others
Industrial
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Digital Forensics Market was valued at USD 9.84 Billion in 2023 and will reach USD 30.74 Billion by 2032, growing at a CAGR of 13.51% by 2032.
The Digital Transformation Market was valued at USD 895.7 Billion in 2023 and will reach USD 6877.6 Billion by 2032 and grow at a CAGR of 25.44% by 2032.
The Enterprise Artificial Intelligence Market size was USD 19.4 Bn in 2023 and will reach to USD 284.9 Bn by 2032 and grow at a CAGR of 34.8% by 2024-2032.
Sales Intelligence Market was valued at USD 3.37 billion in 2023 and is expected to reach USD 8.76 billion by 2032, growing at a CAGR of 11.22% over 2024-2032.
The Identity and Access Management Market was valued at USD 18.46 Billion in 2023 and is expected to reach USD 50.65 Billion by 2032, growing at a CAGR of 11.91% over the forecast period 2024-2032.
The Quality Management Software (QMS) Market was valued at USD 9.6 billion in 2023 and is expected to reach USD 24.0 billion & CAGR of 10.70% by 2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
