The global building analytics market was valued at US$4.491 billion in 2017 and is expected to grow at a CAGR of 15.71% over the forecast period to reach a total market size of US$10.778 billion by 2023. The growth of this market is majorly attributed to rapid growth of construction industry worldwide. The growth of this market is being boosted by increasing investments by end-users into new technologies to streamline the overall construction process while ensuring compliance to strict regulations in many regions regarding design of structures and safety of workers.
To give a clearer view of the market, it has been segmented into offering, deployment model, application and geography. By offering, the market has been segmented into solution and services. By deployment model, the market has been segmented into On-premise and cloud. By application, the market has been segmented into residential, commercial and industrial. By geography, the market has been segmented into North America, South America, Europe, Middle East and Africa and Asia Pacific. The regional markets have been further segmented into countries which hold a significant share in this market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Global Building Analytics value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are Schneider Electric, Johnson Controls, IBM, Honeywell, Siemens, General Electric, Buildingiq, and Iconics among others.
The global building analytics market is segmented by offering, deployment model, application and geography.
By Deployment Model
Middle East and Africa