Global Building Analytics Market Size, Trends & Growth Opportunity, By Building Type (Residential, Commercial, and Industrial), By Component (Software, and Services), By Deployment Type (On-Premise, and Cloud), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100172 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 240
Global Building Analytics Market Size, Trends & Growth Opportunity, By Building Type (Residential, Commercial, and Industrial), By Component (Software, and Services), By Deployment Type (On-Premise, and Cloud), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Building Analytics Market
Global Building Analytics Market was valued at USD 4.83 billion in 2021 and is expected to reach USD 15.36 billion by 2027, at a CAGR 12.67% from 2022-2027.
Building analytics are data analytics gleaned from smart building technologies like; networked sensors, building management systems, integrated workplace management systems, and internet of things edge devices. Generally, building analytics is used for advanced life cycle managed services which provides automated fault detection, diagnosis, and real-time monitoring for buildings.
Market Drivers
Rapid technological advancement and innovations to enhance building analytics solutions are considered as key driving factors which are expected to boost the global building analytics market growth. For instance, many CPG companies have specialized teams to provide building analytics services & capabilities. These are helpful to enhance decision making in existing business processes. Furthermore, rising adoption of building analytics across the globe will have a positive impact on market growth.
Moreover, increasing government initiatives and investments in technologies in construction services will propel the market growth during this forecast period 2027.
Market Restraints
However, high cost of implementation is a major restraining factor which is expected to hinder the global building analytics market growth. Also, lack of awareness about building analytics will restrain the market growth.
Market segmentation
The Global Building Analytics Market is segmented into building type such as Residential, Commercial, and Industrial, by component such as Software, and Services, by deployment type such as On-Premise, and Cloud.
Further, market is segmented into applications such as Fault Detection & Monitoring, Energy Management, Security Management, Emergency Management, Parking Management, Operation Management, Network Management, and Others.
Regional Analysis
The Global Building Analytics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to grow the building analytics market during the forecast period owing to the strong demand from countries such as the US and Canada. The demand is driven by the willingness of vendors in the region to take up capital-intensive projects, along with the convenience of technical expertise.
Also, strong regional government support further aids the growth of the enterprise media gateway market, as the demand for these products may increase.
Market Key Players
Various key players are discussed in the Global Building Analytics Market Report including: Schneider Electric, Johnson Controls, IBM, Honeywell International, Siemens, General Electric, Building, CopperTree Analytics, Enernoc, Delta Electronics, and Others.
For instance, in Feb 2020, Siemens enabled holistic energy data analysis in buildings. The latest energy monitoring software can now be fully integrated into the Desigo CC building management system, making the electrical infrastructure an integral part of smart buildings which are connected via the IoT.
Market Taxonomy
By Building Type
• Residential
• Commercial
• Industrial
By Component
• Software
• Services
By Deployment Type
• On-Premise
• Cloud
By Application
• Fault Detection & Monitoring
• Energy Management
• Security Management
• Emergency Management
• Parking Management
• Operation Management
• Network Management
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Building Analytics Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Building Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Building Analytics Market, By Building Type
5.1 Y-o-Y Growth Comparison, By Building Type
5.2 Global Building Analytics Market Share Analysis, By Building Type
5.3 Global Building Analytics Market Size and Forecast, By Building Type
5.3.1 Residential
5.3.2 Commercial
5.3.3 Industrial
6 Global Building Analytics Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Building Analytics Market Share Analysis, By Component
6.3 Global Building Analytics Market Size and Forecast, By Component
6.3.1 Software
6.3.2 Services
7 Global Building Analytics Market, By Deployment Type
7.1 Y-o-Y Growth Comparison, By Deployment Type
7.2 Global Building Analytics Market Share Analysis, By Deployment Type
7.3 Global Building Analytics Market Size and Forecast, By Deployment Type
7.3.1 On-Premise
7.3.2 Cloud
8 Global Building Analytics Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Building Analytics Market Share Analysis, By Application
8.3 Global Building Analytics Market Size and Forecast, By Application
8.3.1 Fault Detection & Monitoring
8.3.2 Energy Management
8.3.3 Security Management
8.3.4 Emergency Management
8.3.5 Parking Management
8.3.6 Operation Management
8.3.7 Network Management
8.3.8 Others
9 Global Building Analytics Market, By Region
9.1 Global Building Analytics Market Share Analysis, By Region
9.2 Global Building Analytics Market Share Analysis, By Region
9.3 Global Building Analytics Market Size and Forecast, By Region
10 North America Building Analytics Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Building Analytics Market Share Analysis, By Building Type
10.3 North America Building Analytics Market Size and Forecast, By Component
10.4 North America Building Analytics Market Size and Forecast, By Deployment Type
10.5 North America Building Analytics Market Size and Forecast, By Application
10.6 North America Building Analytics Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Building Analytics Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Building Analytics Market Share Analysis, By Building Type
11.3 Europe Building Analytics Market Size and Forecast, By Component
11.4 Europe Building Analytics Market Size and Forecast, By Deployment Type
11.5 Europe Building Analytics Market Size and Forecast, By Application
11.6 Europe Building Analytics Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Building Analytics Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Building Analytics Market Share Analysis, By Building Type
12.3 Asia Pacific Building Analytics Market Size and Forecast, By Component
12.4 Asia Pacific Building Analytics Market Size and Forecast, By Deployment Type
12.5 Asia Pacific Building Analytics Market Size and Forecast, By Application
12.6 Asia Pacific Building Analytics Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Building Analytics Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Building Analytics Market Share Analysis, By Building Type
13.3 Latin America Building Analytics Market Size and Forecast, By Component
13.4 Latin America Building Analytics Market Size and Forecast, By Deployment Type
13.5 Latin America Building Analytics Market Size and Forecast, By Application
13.6 Latin America Building Analytics Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Building Analytics Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Building Analytics Market Share Analysis, By Building Type
14.3 Middle East Building Analytics Market Size and Forecast, By Component
14.4 Middle East Building Analytics Market Size and Forecast, By Deployment Type
14.5 Middle East Building Analytics Market Size and Forecast, By Application
14.6 Middle East Building Analytics Market Size and Forecast, By Country
14.5.1 Saudi Arabia
14.5.2 UAE
14.5.3 Egypt
14.5.4 Kuwait
14.5.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Schneider Electric
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Johnson Controls
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 IBM
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Honeywell International
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Siemens
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 General Electric
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 BuildingIQ
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 CopperTree Analytics
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Delta Electronics
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Enernoc
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies