Building Analytics Market Witness the Growth of $11.10 billion by 2023

According to research report Building Analytics Market by Application (Fault Detection and Monitoring, Energy Management, Emergency Management, Security Management), Component (Software and Services), Deployment Mode, Building Type, and Region – Global Forecast to 2023″, published by MarketsandMarkets, global building analytics market size expected to grow from USD 5.94 billion in 2018 to USD 11.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period. The key growth drivers for the market include an increasing demand for energy efficient systems and a growing focus on decreasing operational costs.

Browse 71 market data Tables and 44 Figures spread through 157 Pages and in-depth TOC on “Building Analytics Market – Global Forecast to 2023”

Download PDF Brochure:

Commercial buildings segment to hold the largest market size during the forecast period

Among building types, the commercial buildings segment is expected to continue to hold the largest market size during the forecast period. Major growth factors for the building analytics market in the segment include the development of large shopping malls, auditoriums, and marriage halls encouraging the owners and operators to install building analytics software and services in new as well as old buildings and the proliferation of IoT which facilitates to draw valuable insights from large volumes of data.

Cloud deployment model to grow at a higher CAGR during the forecast period

The cloud deployment model witnesses an increasing demand, due to its cost-effectiveness and easy availability. Cloud-based building analytics software and services offer various advantages, such as scalability, adaptability, and easy deployment, which will promote the adoption of the cloud among organizations.

Request Sample Pages:

APAC to hold the significant market share and to grow at the highest CAGR

APAC is expected to constitute a significant share in the building analytics market and is expected to grow at the highest CAGR during the forecast period, owing to the high economic growth in the major APAC countries. Companies in North America and Europe have already adopted the building analytics software and services and are investing heavily in R&D for innovations. Hence, these regions are expected to generate a majority of the revenues in the market.

Major vendors providing building analytics software and services include Honeywell, IBM, Johnson Controls, Schneider Electric, General Electric, Siemens, ENGIE Insight Services, Lucid, EnerNOC, BuildingIQ, ICONICS, Senseware, KGS Buildings, BuildingLogiX, Lutron Electronics, CopperTree Analytics, EcoVox, GridPoint, Energy Advantage, Delta Electronics, BuildPulse, Crestron Electronics, PointGrab, Verdigris, and NOVEDA Technologies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441