Smart Building Market Set to Grow at Healthy CAGR forecast by 2025 with Top Key players
Smart Building Market report provides complete background analysis of the ICT industry which includes an assessment of the parental market. By thinking from customer point of view, a team of researchers, analysts and industry experts work carefully to generate this Smart Building Market research report. A high quality global market research is brought together for the success of your business at international level. Competitor analysis is one of the most important aspects of market research report which helps businesses decide upon the strategies by comparing them with the competitors. Besides, this Smart Building Market research report makes clients aware about the various strategies that are used by key players of the market.
The global smart building market accounted for USD 5.89 billion in 2017 and is projected to grow at a CAGR of 34.1% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Players: Global Smart Building Market
ABB Group, Siemens AG, Schneider Electric, Cisco Systems, Inc., International Business Machines Corporation, Delta Controls, Johnson Controls, Honeywell International Inc., United Technologies Corporation, Legrand, BuildingIQ (US), Ingersoll Rand Security Technologies, TYCO International, Control4, Hitachi, IBM, Accenture and General Electric, among others.
Market Segmentation: Global Smart Building Market
- The global smart building market is based on type, systems segment analysis, application segment analysis, and geographical segments.
- Based on type, the global smart building market is segmented into building automation software and services. Building automation software type is further sub segmented into intelligent security system, building energy management system, infrastructure management system and network management system. Services segment is further sub segmented into professional services, and managed services.
- Based on system segment analysis, the global smart building market is segmented into building energy management system, physical security system, building communication systems, plumbing and water management system, parking management systems, elevators, and escalators management system.
- Based on application segment analysis, the global smart building market is segmented into manufacturing facilities, residential buildings, commercial buildings, university, school, & hospital buildings, government & public infrastructure facilities, and others.
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Market Drivers and Restraints:
- Upcoming government initiatives and measures.
- Rising concern for safety and security among the common people.
- Rapid urbanization and industrialization.
- Increasing adoption of energy saving technologies.
- Expensive set costs leading to huge investment.
- Lack of skilled labor.
Competitive Analysis: Global Smart Building Market
The global smart building market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of smart building market for global, Europe, North America, Asia Pacific and South America.
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