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Research details developments in the smart building market forecast to 2021

Construction Market Research

Smart Building Market provides detailed information for drivers, restraints, opportunities, & challenges; regarding the major factors influencing the growth of the smart building market.

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The smart building market size is estimated to be $ 5.73 billion in 2016 and is projected to reach $ 24.73 billion by 2021, at a CAGR of 34.0% from 2016 to 2021, due to the increasing need for integrated security and safety systems and increasing concern for reducing carbon footprints and energy waste across the various building types.

The various key smart gird vendors profiled in the report are as follows:

  1. ABB Group (Switzerland)
  2. Siemens AG (Germany)
  3. Schneider Electric SE (France)
  4. Cisco Systems, Inc. (U.S.)
  5. IBM Corporation (U.S.)
  6. Delta Controls (U.S.)
  7. Johnson Controls (U.S.)
  8. Honeywell International, Inc. (U.S.)
  9. United Technologies Corporation (U.S.)
  10. BuildingIQ (U.S.)

The integrated security system segment is expected to lead the global building automation software market between 2016 and 2021, due to the increasing need for maintaining the robust security level, monitor activities, and control access across the building types.

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With regards to the geographic analysis, Europe is likely to benefit from its technological advancements and a large number of smart city initiatives being undertaken in the region, which are already underway.

Key Target Audience

  1. System design and development vendors
  2. System integrators/migration service providers
  3. Consultants/consultancies/advisory firms
  4. Support and maintenance service providers
  5. Network service providers
  6. Smart building products and solutions provider companies
  7. Academic and research institutes
  8. Government associations

Asia-Pacific (APAC) is expected to lead the smart building market by region between 2016 and 2021.

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The growth can be attributed to hyper urbanization and industrialization and the increasing number of government initiatives.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given below:

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