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Global Smart

Building Market

Research Report

and Forecast 2025

Report Edition: 2020

© 2020 IMARC All Rights Reserved

Report DescriptionAbout IMARC Group

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Report DescriptionReport Description and Highlights

Global Smart Building Market Overview:

A smart building incorporates various automated processes, including air conditioning, ventilation,security, heating, lighting, etc. It comprises of HVAC systems, occupancy sensors, security devices,advanced lighting controls, water management devices, parking assistance systems, etc. They providebetter security, real-time monitoring, optimum space utilization, and enhanced energy performance.Smart buildings are widely incorporated across several industries, including residential, hospitality,retail, healthcare, etc.

Global Smart Building Market Trends

The growing development of smart cities, along with the increasing requirement for energy-efficientbuildings, are escalating the smart building market growth. Furthermore, the augmentation ofInternet-of-Thing (IoT)-based devices for remote monitoring is also bolstering the market growth. Thegrowing traction for optimum building automation systems and rising levels of urbanization are furtherdriving the market. Besides this, the increasing number of government initiatives to support smartinfrastructures is also propelling the demand for smart buildings. Additionally, the increasingawareness of energy conservation has led to the advent of energy-efficient and ecologically sustainablebuildings.

Report DescriptionReport Description and Highlights

120.2125.5 130.8 136.1 141.4 146.7 152.0 157.3

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Moreover, the growing trend for Building Information Modelling (BIM), and intelligent prefabricationsystems is also fostering the development of advanced infrastructures. Several technologies, such asbig data, cloud computing, data analytics, and artificial intelligence (AI), are rapidly being adopted tominimize building equipment downtime and operational costs.

Report DescriptionReport Description and Highlights

The growing security concerns have further increased the installation of access control, videosurveillance, and emergency systems in smart buildings, thereby further proliferating the smartbuilding market growth.

Smart Building Market Segmentation:

Breakup by Component:

• Hardware• Software• Service

o Professional Serviceo Managed Service

Breakup by Technology:

• Building Infrastructure Management (BIM)o Parking Management Systemo Smart Water Management System

Report DescriptionReport Description and Highlights

o Elevators and Escalators Management System• Security and Emergency Management

o Access Control Systemo Video Surveillance Systemo Safety System

• Energy Managemento HVAC Control Systemo Lighting System

• Network & Communication Management• Workforce Management• Others

Breakup by End User:

• Commercial• Residential• Government & Public Infrastructure• Healthcare• Education

Report DescriptionReport Description and Highlights

• Transport• Manufacturing & Industrial• Others

Breakup by Region:

• North America• Asia Pacific• Europe• Latin America• Middle East and Africa

For more information, click here: https://www.imarcgroup.com/smart-building-market

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• ABB Ltd

Report DescriptionReport Description and Highlights

• Cisco Systems Inc• Hitachi Ltd.• Honeywell International Inc• Huawei Technologies Co. Ltd• IBM Corporation• Intel Corporation• Johnson Controls International Public Limited Company• Schneider Electric SE and Siemens AG.

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Partial List of Clients

A partial List of our ClientsWe are the trusted business partners to theworld's leading corporates, governments, andinstitutions

Partial List of Clients

Report DescriptionReport Description and Highlights

© 2020 IMARC All Rights Reserved

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Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have beenbased on information and sources believed to be accurate and reliable at the time of publishing.International Market Analysis Research and Consulting makes no representation of warranty of any kind as tothe accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for anyloss or damage resulting from opinion, errors or inaccuracies if any found this publication.

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