Building Analytics Market is projected to flourish at a CAGR of 16.78% over the forecast period 2019-202
Knowledge Sourcing Intelligence announces the publication of a new report on “Building Analytics Market- Forecasts from 2019 to 2024" to their offering.
Building Analytics helps in monitoring and controlling heating, ventilation, air conditioning and other systems that reduces operating cost and increases energy efficiency.
This report provides forecast and analysis of the building analytics market which is estimated to surge US$12,618.023 million by 2024.
Building Analytics provides insightful data that can be utilized for optimizing facility energy performance and removing any inefficiency. It helps in improving the energy equipment’s functions and lowering the energy cost. Building analytics does extend the life of the energy equipment. The building does consume a lot of energy, so there is a requirement for energy efficiency building for reducing greenhouse gas emissions. Building analytics helps in monitoring and controlling the heating, ventilation, air conditioning and other systems. With the increasing, the Internet of Things (IoT) and more devices being interconnected is also boosting the building analytics market.
The building analytics market is segmented by offering, by deployment type, by applications, by end-user, and by geography. Segmented on the basis of the offering is by solution and Services. Segmentation by deployment method is divided into On-premise and Cloud. Segmentation by Application is Security Management, fault Detection and Monitoring, Energy management, Parking management, and others. Segmentation by end-user is residential, commercial, and industrial. By geography, the data center physical security market has been segmented as Americas, Europe, the Middle East, and Africa, and the Asia Pacific. On-Premise is installed and runs on computers on the premises of the person or organization using the software, rather than at a remote facility such as a server farm or cloud. Cloud system uses internet resources, tools, applications like data storage, servers, databases, networking, and software. Cloud systems save costs, increases productivity, speed and efficiency, performance and security.
North America and Europe are expected to have a significant amount of market share for building analytics. As most of the building is being designed and constructed to incorporate building analytics technology for reducing energy cost and greenhouse gas emissions. The Asia Pacific to see growth due to advancement in technology and expansion of the infrastructure and construction work because of urbanization and industrialization.
Some of the major players covered as part of the report are Schneider Electric, Johnson Controls, IBM, Honeywell International, Inc., Siemens AG, Lucid Design Group (Division of Acuity Brands Technology Services, Inc.) BuildingIQ, ICONICS, Inc., CopperTree Analytics, Delta Electronics, Inc. among others.
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This report segmented the building analyticsmarket on the basis following terms:
By Deployment Model
- Security Management
- Fault detection and Monitoring
- Energy Management
- Parking Management
- By Geography
- United States
Middle East and Africa
- Saudi Arabia
- South Korea
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