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
- Published : Nov 2024
- Report Code : KSI061612187
- Pages : 152
The building analytics market is projected to grow at a CAGR of 13.02% between 2025 to 2030.
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.
The advent of COVID-19 harmed the global Building analytics market. The immense downturn in the global construction industry has been a significant reason for the decline in the demand for Building analytics at a global level. The pandemic resulted in several construction projects being stalled during the period owing to the restrictions imposed in several countries to curb the widespread of the virus. Even though the industry has been referred to as a crucial industry for shaping the global economy. The longer-term construction projects are expected to witness slow recovery as the governments face rising deficits and the projects are impacted by the lack of employment and slow GDP growth during the period. The industry plays a crucial role in the economic stability of several countries and thus the efforts to trigger its recovery have been significant. This in turn is expected to drive the market for building analytics during the forecast period.
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.
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.
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
- North America
Frequently Asked Questions (FAQs)
1. Introduction
1.1.Market Definition
1.2.Market Segmentation
2. Research Methodology
2.1.Research Data
2.2.Assumptions
3. Executive Summary
3.1.Research Highlights
4. Market Dynamics
4.1.Market Drivers
4.2.Market Restraints
4.3.Porters Five Forces Analysis
4.3.1.Bargaining Power of End-Users
4.3.2.Bargaining Power of Buyers
4.3.3.Threat of New Entrants
4.3.4.Threat of Substitutes
4.3.5.Competitive Rivalry in the Industry
4.4.Industry Value Chain Analysis
5. Building analytics Market Analysis, by Offering
5.1.Introduction
5.2.Solution
5.3.Services
6. Building analytics Market Analysis, by Deployment model
6.1.Introduction
6.2.On-Premise
6.3.Cloud
7. Building analytics Market Analysis, by Application
7.1.Introduction
7.2.Residential
7.3.Commercial
7.4.Industrial
8. Building analytics Market Analysis, by Geography
8.1.Introduction
8.2.North America
8.2.1.North America Building analytics market, By Offering, 2021 to 2026
8.2.2.North America Building analytics market, By Deployment model, 2021 to 2026
8.2.3.North America Building analytics market, By Application, 2021 to 2026
8.2.4.By Country
8.2.4.1.USA
8.2.4.2.Canada
8.2.4.3.Mexico
8.3.South America
8.3.1.South America Building analytics market, By Offering, 2021 to 2026
8.3.2.South America Building analytics market, By Deployment model, 2021 to 2026
8.3.3.South America Building analytics market, By Application, 2021 to 2026
8.3.4.By Country
8.3.4.1.Brazil
8.3.4.2.Argentina
8.3.4.3.Others
8.4.Europe
8.4.1.Europe Building analytics market, By Offering, 2021 to 2026
8.4.2.Europe Building analytics market, By Deployment model, 2021 to 2026
8.4.3.Europe Building analytics market, By Application, 2021 to 2026
8.4.4.By Country
8.4.4.1.1.Germany
8.4.4.1.2.France
8.4.4.1.3.UK
8.4.4.1.4.Others
8.5.Middle East and Africa
8.5.1.Middle East and Africa Building analytics market, By Offering, 2021 to 2026
8.5.2.Middle East and Africa Building analytics market, By Deployment model, 2021 to 2026
8.5.3.Middle East and Africa Building analytics market, By Application, 2021 to 2026
8.5.4.By Country
8.5.4.1.Saudi Arabia
8.5.4.2.UAE
8.5.4.3.Others
8.6.Asia Pacific
8.6.1.Asia Pacific Building analytics market, By Offering, 2021 to 2026
8.6.2.Asia Pacific Building analytics market, By Deployment model, 2021 to 2026
8.6.3.Asia Pacific Building analytics market, By Application, 2021 to 2026
8.6.4.By Country
8.6.4.1.China
8.6.4.2.India
8.6.4.3.Japan
8.6.4.4.South Korea
8.6.4.5.Others
9. Competitive Environment and Analysis
9.1.Major Players and Strategy Analysis
9.2.Emerging Players and Market Lucrativeness
9.3.Mergers, Acquisitions, Agreements, and Collaborations
9.4.Vendor Competitiveness Matrix
10. Company Profiles
10.1.Schneider Electric
10.2.IBM Corporation
10.3.Johnson Controls International Plc
10.4.Honeywell International Inc.
10.5.Siemens AG
10.6.BuildingIQ
10.7.General Electric Company
10.8.CopperTree Analytics Inc.
10.9.ICONICS Inc.
10.10.Delta Electronics, Inc.
Schneider Electric
IBM Corporation
Johnson Controls International Plc
Honeywell International Inc.
Siemens AG
BuildingIQ
General Electric Company
CopperTree Analytics Inc.
Delta Electronics, Inc.
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Cloud Analytics Market Insights: Share, Growth, Forecast 2030 | Nov 2024 | |
Building Automation System Market Size: Report, 2023 - 2028 | Feb 2023 | |
Building Energy Management System Market Size: 2023 - 2028 | Mar 2023 | |
Building Panels Market: Size, Share, Trends, Forecast 2030 | Dec 2024 | |
Global Building Insulation Materials Market: Size, Share, Trends, Forecast 2030 | Nov 2024 |