Smart Building Market and Projected to Reach US$ 31.74 Billion Growing at CAGR 33.7% 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. This report spread across 126 Pages, profiling 12 companies and supported with tables and figures is now available in this research.

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.

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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.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1:17%, Tier 2:33%, and Tier 3: 50%
• By Designation: C-Level: 35%, Director Level:60%, and Others: 5%
• By Region: North America:42%, Europe: 29%,Asia Pacific: 17%, and RoW: 12%

Report Highlights:
• To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the market

• 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 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

Competitive Landscape of Smart Building Market:
1 Microquadrant Overview
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Competitive Benchmarking
2.1 Strength of Product Portfolio in Smart Bulding Market (25 Players)
2.2 Business Strategy Excellence Adopted in Smart Building Market (25 Players)

Target Audience for Smart Building Market: 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.

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Top Key Players profiled 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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This release was published on openPR.