In-depth Study Report on Building Analytics Market Global Outlook Report by 2027 | Industry Top Players - Senseware, Gooee, Acorn Engineering Group, Waibel Energy Systems, BuildingIQ, Siemens, General Electric (GE), Iconics, Coppertree Analytics, Delta El

Premiummarketinsights.com has Published New Market Research Report on -“Building Analytics Market – Global Industry Share, Size, Overview, Trends, Growth and Forecast By 2027.”

Building Analytics Market research report is an expert compiled study which provides a holistic view of the market covering current trends and future scope, trend, Comprehensive Analysis, demand, growth opportunities and outlook with segmentation by product/service, type, application, geography / region and top industry companies.

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Companies Covered in this Report are:
1. Schneider Electric
2. International Business Machines (IBM) Corporation
3. SkyFoundry
4. Environmental Systems, Inc.
5. ENGIE Insight Services Inc
6. Senseware, Inc.
7. Gooee
8. Acorn Engineering Group Limited
9. Waibel Energy Systems
10. BuildingIQ, Inc
11. Siemens AG
12. General Electric (GE)
13. Iconics, Inc.
14. Coppertree Analytics
15. Delta Electronics

In terms of revenue, the global building analytics market is expected to grow to US$ 19,655.7 million by 2027 from US$ 6,181.4 million in 2018. Factors such as growing energy prices, increasingly stringent building energy guidelines, and achieving maximum operational efficiency for building and facility management is expected to be the major market driving forces for building analytics market in the coming years. Moreover, growing demand for interoperable and robust building analytics solution facilitating effective monitoring and managing of various facility assets is also expected to gain major traction in the coming years and provide numerous profitable business opportunities for the market players in global building analytics market.

Currently, the companies offer a mix of solution and services to their clients such as signal malls, airports, manufacturing & production plant residential complexes, hotels, offices, and government buildings among others for their seamless facility management. Further, the companies also offer insights and reports to relate to fault detection, monitoring, and risk assessment analytic reports for making informed decisions and framing policies for improved infrastructure management.

On the basis of building type, commercial building segment is the leading segment of the global building analytics market. Presently, more than of the world's population lives in urban areas, and the trend is expected to move rapidly to around 80% over the next couple of decades. More than half of the built space in the urban areas and the majority of their resources are utilized by commercial buildings. A major portion of these resources consumed by these buildings is wasted, which has created a need to build or adopt new and advanced measures for sustainable growth. In US itself, commercial buildings consume around 20% of country's total energy and 40% of electricity. The new as well as existing buildings in the country can substantially enhance their energy efficiency and performance through integration of building analytics solution into their operations. Thus, the building analytics market is anticipated to gain significant traction in the coming years and yield numerous profitable opportunities for the market players in the coming years.

The overall building analytics market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the building analytics market. It also provides the overview and forecast for the global building analytics market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts, and key opinion leaders specializing in the building analytics industry.

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Building Analytics Market to 2027 - Global Analysis and Forecasts
By Deployment Type
• Cloud-Based
• On-Premise

By Component
• Software
• Service

By Building Type
• Manufacturing Facilities
• Residential Building
• Commercial Building
• Public Places
• Government Buildings

By Application
• Fault Detection & Monitoring Facilities
• Security Management
• Energy Management
• Emergency Management
• Parking Management

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This release was published on openPR.