Global Building Analytics Market By Application (Fault Detection and Monitoring, Energy Management, Security Management, Emergency Management, Parking Management, Operations Management, Elevators and Escalators Management, Network Management, Others), Component (Software, Services), Deployment (Cloud, On-Premise), Organisation Size (Small and Medium Enterprises (SME), Large Enterprises), Building Type (Manufacturing Facilities, Residential Buildings, Commercial Buildings, Public Places, Government Buildings, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Building Analytics Market
Building analytics market is expected to reach USD 17.14 billion by 2028 witnessing market growth at a rate of 13.67% in the forecast period of 2021 to 2028. Data Bridge Market Research report on building analytics market provides analysis and insights regarding the factor such as introduction of cloud based internet if things platform.
Surging demand of energy efficient systems, reduction of operational cost, rising preferences of smart homes, increasing penetration of business intelligence in developing economies will likely to accelerate the growth of the building analytics market in the forecast period of 2021-2028. On the other hand, initiatives by the government along with prevalence of incentives will further boost various opportunities that will lead to the growth of the Building analytics market in the above mentioned forecast period.
High cost of implementation will act as market restraints for building analytics in the above mentioned forecasted period.
This building analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on building analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Building Analytics Market Scope and Market Size
Building analytics market is segmented on the basis of application, component, deployment, organisation size and building type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Building analytics market on the basis of component has been segmented as software, and services. Services have been further segmented into managed services and professional services. Professional services have been further sub segmented into consulting, support and maintenance.
- Based on organisation size, the building analytics market has been segmented into small and medium enterprises (SME), large enterprises.
- On the basis of deployment, the building analytics market has been segmented into cloud and on-premise.
- On the basis of application, the building analytics market has been segmented into fault detection and monitoring, energy management, security management, emergency management, parking management, operations management, elevators and escalators management, network management, and others. Energy management has been further segmented into heating, ventilation, and air conditioning control systems management, lighting control systems management. Security management has been further segmented into video surveillance and access control. Parking management has been further segmented into parking fee and revenue management, parking reservation management, parking guidance and slot management.
- Building analytics has also been segmented on the basis of building type into manufacturing facilities, residential buildings, commercial buildings, public places, government buildings, and others.
Building Analytics Market Country Level Analysis
Building analytics market is analysed and market size, volume information is provided by country, component, organisation size, deployment, application and building type as referenced above.
The countries covered in the building analytics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the building analytics market due to increasing penetration of building analytics technology along with prevalence of various vendors while Asia-Pacific will expect to grow in the forecast period of 2021- 2028 due to growth of the economy and automatic centralised control in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Building Analytics Market Share Analysis
Building analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to building analytics market.
The major players covered in the building analytics market report are Schneider Electric, Johnson Controls., IBM Corporation, Honeywell International Inc, Siemens, GENERAL ELECTRIC, BuildingIQ., ICONICS, Inc., CopperTree Analytics., Delta Electronics, Inc., ENGIE Impact, GridPoint, BuildingLogiX, Crestron Electronics, Inc., Lucid, Senseware, Inc, PointGrab Inc., KGS Buildings, Inc., Verdigris Technologies, Inc., Lutron Electronics Co., Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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