Smart Buildings Market Size, Share and Global Market Forecast to 2025 | MarketsandMarkets

1. Smart Buildings Market Size, Share and Global Market Forecast to 2025 | MarketsandMarkets According to a market research report "Smart Buildings Marketby Component (Solution (Safety and Security Management, Energy Management, Building Infrastructure Management, IWMS), Services), Commercial, Industrial), Region - Global Forecast to 2025", published by MarketsandMarkets™, the Smart Buildings Marketsize is expected to grow from USD 66.3 billion in 2020 to USD 108.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. The major drivers for the Smart building include the rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increase demand for energy-efficient system. Browse and in-depth TOC on“Smart Buildings Market” 235– Tables 60 - Figures 249 - Pages Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1169 The safety and security management solution in the solution type segment is expected to lead the Smart Buildings Market in 2020. Management, Building Network (Residential, Type The safety and security the prime concern for most of the buildings be they residential or commercial. Access control and video surveillance systems help to track every activity across a facility. This helps to detect intruders and keep the environment safe. Rising deployment of

2. advanced access control systems, video surveillance systems, and fire and life safety systems to safeguard the occupant and assets is contributing to the high market share if this segment. Industrial building segment is expected to grow with the fastest growth rate during the forecast period. Industrial buildings are often large and have many moving parts. Smart industrial building solutions automate building temperature control, security, and maintenance for more efficient property management through various mobile computing devices, such as mobile devices and computers. Request a Customization@ https://www.marketsandmarkets.com/requestCustomizationNew.asp?i d=1169 North America to lead the Smart Buildings Market during the forecast period. The growth of the market in North America can be attributed to the region has witnessed the emergence of latest smart building solutions that leverage new technologies, such as IoT, big data, cloud computing, data analytics, deep learning, and artificial intelligence, for saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards. Moreover, North America is a technologically advanced region in the world due to the rapid adoption of emerging technologies by the organizations in the region. Furthermore, the US and Canada are prominent countries contributing to technological development in this region; for instance, US organizations are heavily investing into smart building measures, such as building controls and building systems integration, to leverage energy efficiency and energy storage and deliver smarter, safer, and more sustainable buildings while the Canadian government is taking initiatives to support Canadas commitment to protecting the environment and its resources by

3. making federal buildings more energy-efficient and reducing greenhouse gas emissions, driving the growth of smart buildings. Market Players The major vendors covered in the Smart Buildings Market include 75F (US), ABB (Switzerland), Aquicore (US), Bosch (US), BuildingIQ (US), Cisco (US), CopperTree Analytics (Canada), ENTOUCH (US), Hitachi (Japan), Honeywell (US), Huawei (China), IBM (US), Igor (US), Intel (US), Johnson Controls (Ireland), KMC Controls (US), Legrand (France), Mode: Green (US), PTC (US), Schneider Electric (Germany), Siemens (Germany), Softdel (US), Spaceti (Czechia), Telit (UK), and Verdigris Technologies (US). 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 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. and its competitors.

4. 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. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/smart- building.asp Report:https://www.marketsandmarkets.com/Market-Reports/smart- building-market-1169.html