Press release
Smart Building Market to Grow at 33.7% CAGR to 2022
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The Smart Building Market is projected to grow from an estimated US$ 7.42 Billion in 2017 to US$ 31.74 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.7% during the period forecast period from 2017 to 2022. Factors such as the growing need for integrated security and safety systems in buildings and the implementation of the IoT platform in building automation technology are expected to drive the growth of the market.
Top Key Players in the “Smart Building Market” include are
• Siemens AG (Germany)
• Schneider Electric (France)
• Cisco Systems, Inc. (US)
• ABB Group (Switzerland)
• International Business Machines Corporation (US)
• Honeywell International Inc. (US)
• United Technologies Corporation (US)
• Legrand (France)
• Delta Controls (Canada)
• Johnson Controls (US)
• BuildingIQ (US)
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The commercial building segment is estimated to be the largest segment in the smart building market in 2017. Commercial buildings account fora major share of the overall building automation software market, as it includes large office buildings, commercial building parks, retail facilities such as malls and shopping stores, hotels and restaurants, and other non-manufacturing commercial buildings which involve the use of increasingly automated technology with the aim to maintain smart building initiatives.
The Smart Building Market has been studied for North America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA), and Latin America. Countries such as China, India, Australia, and Singapore have launched the initial phases of smart building projects. Also, the growing use of cloud based as well as IoT technologies and increasing strategic alliances among technology vendors are encouraging governments towards undertaking initiatives for the development of smart and green buildings.
The Study Objectives of this report are:
• To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
• To determine and forecast the global market based on type, building type, and region from 2017 to 2022. and analyze the various macro- and micro-economic factors that affect market growth
• To strategically analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market
• To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the market
• To profile key market players, provide comparative analysis based on business overviews, product offerings, regional presence, business strategies, key financials, with the help of in-house statistical tools to understand the competitive landscape
• To track and analyze competitive developments, such as mergers & acquisitions, product developments, partnerships & collaborations, and Research & Development (R&D) activities in the market
Access Complete report on Smart Building Market spread across 126 Pages, profiling 12 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=267717 .
The Target Audience of the Smart Building Market report are:
• System Integrators/Migration Service Providers
• System Design & Development Vendors
• Consultants/Consultancies/Advisory Firms
• Support & Maintenance Service Providers
• Network Service Providers
• Smart Building Product & Solution Provider Companies
• Government Associations
• Academic and Research Institutes
List of Tables
1 Smart Building Market Size, By Type, 2015–2022 (USD Million)
2 Building Automation Software: Smart Building industry Size, By Subtype, 2015–2022 (USD Million)
3 Building Automation Software: Market Size, By Region, 2015–2022 (USD Million)
4 Building Automation Software: Intelligent Security System Market Size, By System Type, 2015-2022 (USD Million)
5 Intelligent Security System: Video Surveillance System, By System Type Market Size, By Region, 2015-2022 (USD Million)
…..and more
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