Press release
Connected Building Market Size Forecasted To Achieve 2.07 Billion By 2029 With Steady Growth
Connected Building
What Is the Connected Building Market Size and Projected Growth Rate?
The market size for connected buildings has seen a significant uptick in the recent past. The forecast indicates a surge from $79.63 billion in 2024 to a whopping $88.27 billion in 2025, presenting an impressive compound annual growth rate (CAGR) of 10.9%. The historical growth of this sector is a result of factors such as the escalation of regulations promoting energy efficiency, a mounting appetite for smart cities, amplified cybersecurity protocols for smart infrastructure, a higher requirement for improved occupant comfort, and the proliferation of remote monitoring and management solutions.
In the coming years, it is anticipated that the connected building market size will experience brisk growth, with a projection to reach $131.67 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.5%. Factors contributing to the growth during this forecast period include an increased emphasis on energy efficiency, escalated government regulations, rising urbanization and smart city projects, a broader introduction of 5G and edge computing, and a growing need for enhanced security and access control. Key trends observed during this forecast period will be the adoption of IoT and AI integration, progress in smart HVAC and lighting solutions, the use of blockchain for reliable data management, the inclusion of digital twins for real-time observation, and relying on blockchain for secure data management.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21924
What Are the Major Segments in the Connected Building Market?
The connected building market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Technology Platform: Internet Of Things (IoT), Mobile Applications, Artificial Intelligence And Machine Learning, Big Data Analytics, Edge Computing Technologies
2) By Deployment Type: On-Premises Solutions, Cloud-Based Solutions, Hybrid Solutions
4) By End-User: Manufacturing, IT And Telecom, Banking, Financial Services, And Insurance (BFSI), Healthcare, Residential, Other End-Users
Subsegments:
1) By Solutions: Energy Management Solutions, Lighting Control Systems, HVAC Management Solutions, Security And Access Control Systems, Building Automation Platforms, Data Analytics And IoT Solutions, Smart Metering Solutions, Fire And Life Safety Solutions, Network Management Solutions
2) By Services: Consulting Services, Deployment And Integration Services, Managed Services, Support And Maintenance Services, Training And Education Services, Professional Services, Cloud-Based Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21924&type=smp
What Are The Driving Connected Building Market Evolution?
The push for systems that are energy-efficient is anticipated to fuel the expansion of the connected building market. Energy efficiency is defined as the capacity of a system, gadget, or procedure to consume less energy for the same function or realize peak output while curtailing waste. The escalation in demand for such systems arises from the need to diminish energy usage and mitigate environmental damage. Faced with escalating energy costs, corporations and residential home owners are looking to cut expenses by embracing solutions that are energy efficient, like smart HVAC systems and building controls that are automated. IoT-enabled devices, sensors, and automation systems are leveraged in connected buildings to track and manage lighting and other operations consuming energy in real-time. These technologies aid in minimizing energy wastage, reduced utility expenses and boosting sustainability, which make them appealing to businesses and home owners. As an example, in October 2022, Energy UK, a trade association based in the UK representing the UK's energy industry, revealed through a published report that the quantity of energy efficiency projects needs to elevate from 150,000 installs in 2021 to 500,000 installs in 2025, and then to a million installs annually by 2030. Consequently, the rising demand for systems that are energy-efficient is propelling the growth of the connected building market.
Which Firms Dominate The Connected Building Market Segments?
Major companies operating in the connected building market are Microsoft Corporation, Amazon Web Services (AWS), Huawei Technologies Co Ltd, Hitachi Ltd, Siemens AG, Intel Corporation, IBM Corporation, Cisco Systems Inc, Schneider Electric, Honeywell International Inc, Mitsubishi Electric, ABB Ltd, Johnson Controls, Eaton Corporation, Delta Electronics Inc, Legrand, Rockwell Automation, Advantech Co Ltd, Bosch Building Technologies, Lutron Electronics
What Trends Are Expected to Dominate the Connected Building Market in the Next 5 Years?
Leading corporations in the connected building sector are directing their efforts towards inventing innovative products such as sustainable buildings to boost efficiency, mitigate environmental effects, and foster ecologically viable urban forestry practices. Sustainable building is the practice of creating and utilizing environmentally friendly technologies, materials, and methodologies that increase the energy efficiency, environmental performance, and resilience of buildings. Schneider Electric, a French automation company, for instance, opened a SMART buildings division in June 2024 to steer sustainable building advancement. This fresh division aims to hasten the uptake of smart, energy-efficient, and digital building solutions. This movement lines up with Canada's sustainability objectives and the escalating demand for intelligent, net-zero buildings, underscoring Schneider Electric's dedication to leading the future of energy-efficient and technologically advanced infrastructure.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/connected-building-global-market-report
Which Is The Largest Region In The Connected Building Market?
North America was the largest region in the connected building market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected Building Market?
2. What is the CAGR expected in the Connected Building Market?
3. What Are the Key Innovations Transforming the Connected Building Industry?
4. Which Region Is Leading the Connected Building Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Connected Building Market Size Forecasted To Achieve 2.07 Billion By 2029 With Steady Growth here
News-ID: 4073212 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Building
U.S. Pre-engineered Metal Building Market Set for Explosive Growth| Star Buildin …
Archive Market Research published a new research publication on "U.S. Pre-engineered Metal Building Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the U.S. Pre-engineered Metal Building market was mainly driven by the increasing R&D spending across the world. Some of the key players…
Wireless Building Management System Know Your Building™
The world's most comprehensive Wireless Building Management System revolutionizing how we monitor, manage and monetise the real estate industry. It is an interplay of Hardware & Software.
Know Your Building™ is the progression of traditional building management and automation systems into an informative system. Using Know Your Building™ every kind of stakeholder in a building can derive value, from every point of a building like never before.
3rd Floor, Wework Chromium, Jogeshwari…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global ABS Sensor Market report is a concise study which extensively covers all the market statistics of ABS Sensor Industry. All the business trends, product portfolio, business tactics, and ABS Sensor industry landscape view is explained. The comprehensive research methodology and verified data sources will lead to data accuracy, authenticity, and reliability. The statistical data and ABS Sensor industry verticals presented in this report will lead to informed decision making.
The…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global Building Automation & Control Systems (BACS) Market report include current market scenario and offers a comprehensive analysis on Building Automation & Control Systems (BACS)industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after…
Building Automation & Control System Market Insights and Forecast to 2025 | Hone …
Recent research and the current scenario as well as future market potential of "Global Building Automation & Control System Market Insights, Forecast to 2025" globally.
This report presents the worldwide Building Automation & Control System market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers,…
BUILDING SYSTEMS INTEGRATION AND BUILDING INTREGRATED SOLAR SYSTEMS
Optimizing energy performance in buildings requires an integrated approach to building systems design, analysis and implementation. Building-integrated Solar Systems (BISS) is an increasingly popular approach for using the building skin as a means to harvest solar energy.
More recent techniques involve systems of lighting, lighting controls, sensors and shading devices all integrated with the building skin, and in turn integrated with the building HVAC systems. Such design strategies can reduce heat…
