AI in Smart Buildings and Infrastructure Market Key Players Analysis - IBM Corporation, Siemens AG, Honeywell International Inc., Johnson Controls International plc.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Smart Buildings and Infrastructure Market - (By Type (Software, Hardware, Services), By Application (Building Energy Management, HVAC Control and Optimization, Security and Surveillance, Predictive Maintenance, Occupancy and Space Management, Lighting Control and Optimization, Emergency Management and Response), By End-User (Commercial Buildings, Residential Buildings, Industrial Buildings, Government Buildings, Healthcare Facilities, Educational Institutions, Retail Spaces), By AI Technology (Machine Learning, Natural Language Processing, Computer Vision, Deep Learning, Neural Networks)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global AI in Smart Buildings and Infrastructure Market is valued at US$ 32.8 Billion in 2023, and it is expected to reach US$ 177.1 Billion by 2031, with a CAGR of 23.9% during the forecast period of 2024-2031.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2693

Artificial intelligence (AI) in smart buildings and infrastructure involves the deployment of AI technologies to optimize the design, operation, and management of buildings and urban infrastructure. By analyzing data from a variety of sensors and systems, AI enhances energy efficiency, bolsters safety measures, and creates adaptable environments that respond to real-time needs. The integration of AI into this sector is revolutionizing the way buildings and urban spaces function, improving their operational efficiency, security, and responsiveness. Nevertheless, challenges such as integration complexities, data privacy concerns, and high implementation costs must be addressed to facilitate broader adoption and seamless deployment.

In recent years, the sector has experienced significant growth, with AI becoming a key enabler in improving the efficiency, sustainability, and overall performance of buildings and infrastructure. Technologies such as machine learning and data analytics have been central to transforming how buildings operate, interact with occupants, and adapt to their environment.

List of Prominent Players in the AI in Smart Buildings and Infrastructure Market:
• IBM Corporation
• Siemens AG
• Honeywell International Inc.
• Johnson Controls International plc
• Schneider Electric SE
• ABB Ltd.
• Intel Corporation
• Microsoft Corporation
• Google LLC
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd.
• Amazon Web Services, Inc.

Market Dynamics:
Drivers-
Energy efficiency is a primary catalyst driving the adoption of AI in smart buildings and infrastructure, as AI technologies optimize energy consumption, thereby reducing both operational expenses and environmental impact. Improved security, facilitated by AI-driven surveillance and access control systems, represents another crucial factor contributing to market growth. Additionally, AI-powered predictive maintenance minimizes downtime and extends the lifespan of building systems. By automating environmental controls such as heating, lighting, and cooling based on real-time data, AI also enhances occupant comfort and productivity. The integration of IoT devices and sensors, which generate valuable data for AI algorithms, further accelerates market expansion. Furthermore, the growing implementation of smart city initiatives worldwide is fueling the demand for AI in building and infrastructure management, with the aim of creating more sustainable and efficient urban environments.

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-03

Challenges:
The integration of AI in smart buildings and infrastructure encounters several obstacles. The high initial costs associated with AI adoption and the retrofitting of existing structures may impede widespread implementation. Moreover, concerns surrounding data privacy and security, stemming from the extensive data collection required for AI operations, could lead to regulatory challenges. Interoperability issues between AI systems and traditional building management systems further complicate seamless integration. Additionally, a shortage of skilled professionals capable of developing, deploying, and maintaining these advanced technologies represents a notable barrier. The long lifecycle of buildings, coupled with the rapid pace of AI innovation, also poses challenges, as older systems may require frequent updates and ongoing investments to remain relevant. Addressing these challenges is crucial to realizing the full potential of AI in improving building efficiency and sustainability.

Regional Trends:
The North American market for AI in smart buildings and infrastructure is poised for significant growth, with expectations for substantial revenue expansion in the near term. This growth is driven by factors such as increasing urbanization, the widespread adoption of smart technologies, and the rising demand for energy-efficient solutions. The integration of AI into building management systems enhances operational efficiency, reduces energy consumption, and boosts occupant comfort. Furthermore, advancements in IoT and connectivity solutions continue to support market expansion. Both government and private sector investments in smart city initiatives are accelerating market development. As the demand for smart and sustainable building solutions continues to increase, the North American market is anticipated to experience a high compound annual growth rate (CAGR), reflecting strong potential for innovation and growth in this sector.

Recent Developments
• In June 2024, Schneider Electric, a worldwide frontrunner in the digitalization of energy management and automation, revamped its Digital Buildings operations in Canada by introducing the SMART Buildings Division. This transformation represented a strategy shift towards providing all-encompassing solutions and services that aided building owners and operators in attaining their objectives of reducing carbon emissions and promoting sustainability.
• In April 2024, The Saudi real estate developer ROSHN Group has entered into an agreement with Cisco to investigate the application of the Internet of Things in the company's environmentally friendly intelligent buildings. The collaborative framework will involve the utilization of technology produced by the US-based company in the innovation hub of the giga-project, which is scheduled to launch next year.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2693

Segmentation of AI in Smart Buildings and Infrastructure Market-
By Type-
• Software
• Hardware
• Services
By Application-
• Building Energy Management
• HVAC Control and Optimization
• Security and Surveillance
• Predictive Maintenance
• Occupancy and Space Management
• Lighting Control and Optimization
• Emergency Management and Response
• Others
By End-User
• Commercial Buildings
• Residential Buildings
• Industrial Buildings
• Government Buildings
• Healthcare Facilities
• Educational Institutions
• Retail Spaces
• Others
By AI Technology
• Machine Learning
• Natural Language Processing
• Computer Vision
• Deep Learning
• Neural Networks
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/ai-in-smart-buildings-and-infrastructure-market/2693

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.