Global Building Analytics Market Size, Share, Opportunities, And Trends By Offering (Solution, Services), By Deployment Model (On-Premise, Cloud), By Application (Residential, Commercial, Industrial), And By Geography - Forecasts From 2025 To 2030

Building Analytics Market Size:

The global building analytics market will surge from USD 12.156 billion in 2025 to USD 24.049 billion by 2030, registering a 14.62% compound annual growth rate (CAGR).

Buildings are becoming more complex, with more interconnected devices and massive data generation. With this, trends and patterns emerge which identify opportunities for cost reduction. Additionally, it also considers outside factors and their impact, for example, consideration of weather and its impact on energy consumption.

The growth of the building analytics market is driven by the rapid growth of the construction industry along with the increasing investment by the various industries to streamline the construction process in the increasing urbanization and industrialization. It is also supported by various government initiatives and steps. For example, the United States Department of Energy has launched the ‘Smart Energy Analytics Campaign’, which encourages the use of energy management and information system technologies and ongoing monitoring practices to help uncover energy-saving opportunities and improve building performance.

The rising living standard and increasing disposable income throughout the globe will also lead to growth in demand. Furthermore, the greater concern about ensuring compliance with strict regulations in many regions regarding the design of structures and the safety of workers is also boosting the demand for the market. However, the lack of awareness among the people and the high cost associated with building analytics is a concern for the market as it can hamper its growth.

Building Analytics Market Segmentation Analysis:

The segmentation of the global Building analytics market has been done into offering, deployment model, application, and geography. By offering, the classification of the market has been done into Solutions, Services. By deployment model, the classification of the market has been done into On-Premise, Cloud. By application, the classification of the market has been done into Residential, Commercial, and Industrial. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Building Analytics Market Driver:

• Several technological developments in the construction sector and upcoming investments are expected to drive the market during the forecast period

The growth of the Building analytics market is fuelled by the increasing investment being done in the sector in order to urbanize the sector. The increasing penetration of the concept of the Internet of Things in the sector is expected to further increase the demand for building analytics solutions amongst consumers. Moreover, the increasing awareness about data utilization is expected to be a tailwind for the market in the coming years. Some of the key technological developments in the sector include Schneider Electric's launch of the Altivar Process 6000 medium voltage service-oriented device, on 20th August 2019, which can help optimize businesses by enabling process optimization, improving energy management, and enhancing asset management. Similarly, Johnson Controls released Enterprise Management 2.0 on 3rd June 2019. The platform enables enterprises to take a proactive approach to manage a building or an entire portfolio from a single pane of glass by using artificial intelligence and machine learning technologies. Furthermore, Honeywell International Inc. in February 2018 announced its Xtralis VCA Suite of security software available for licensing from third parties, which will expand connected building solutions by offering edge video analytics software to security OEMs.

Building Analytics Market Competitive Insights:

The players in the global Building analytics market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.

Segmentation

• By Offering
  • Solution
  • Services
• By Deployment model
  • On-Premise
  • Cloud
• By Application
  • Residential
  • Commercial
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Others

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Schneider Electric

IBM Corporation

Johnson Controls International Plc

Honeywell International Inc.

Siemens AG

BuildingIQ

General Electric Company

CopperTree Analytics Inc.

ICONICS Inc.

Delta Electronics, Inc.