Global Smart Buildings Market 2020-2024

Global Smart Buildings Market 2020-2024

Technavio has been monitoring the smart buildings market and it is poised to grow by $ 19.17 bn during 2020-2024 progressing at a CAGR of 13% during the forecast period. Our reports on smart buildings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing need for building automation to enhance business outcomes, stringent government regulations on energy consumption in buildings, and increasing demand to conserve energy. In addition, growing need for building automation to enhance business outcomes is anticipated to boost the growth of the market as well.

The smart buildings market analysis includes product segment and geographic landscapes.

Technavio's smart buildings market is segmented as below:

By Product

  • BMS
  • HVAC
  • Lighting control
  • Security and access control
  • Others
By Geographic Landscapes
  • Europe
  • North America
  • APAC
  • South America
  • MEA
This study identifies the increasing integration of IoT with building automation software as one of the prime reasons driving the smart buildings market growth during the next few years. Also, emergence of customized building automation software will lead to sizable demand in the market.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart buildings market covers the following areas:
  • Smart buildings market sizing
  • Smart buildings market forecast
  • Smart buildings market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart buildings market vendors that include ABB Ltd., Advantech Co. Ltd., Cisco Systems Inc., Honeywell International Inc., International Business Machines Corp., Johnson Controls International Plc, Larsen and Toubro Ltd., Raytheon Technologies Corp., Schneider Electric SE, and Siemens AG. Also, the smart buildings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis - Application software
      • Inputs
      • Software development process
      • Marketing and distribution:
      • Post-selling services:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global smart buildings market 2019-2024 ($ billion), exclusive of COVID 19impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • BMS - Market size and forecast 2019-2024
      • Table BMS - Market size and forecast 2019-2024 ($ billion)
      • Table Global BMS market for smart buildings 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table BMS - Year-over-year growth 2019-2024 (%)
    • HVAC - Market size and forecast 2019-2024
      • Table HVAC - Market size and forecast 2019-2024 ($ billion)
      • Table Global HVAC market for smart buildings 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table HVAC - Year-over-year growth 2019-2024 (%)
    • Lighting control - Market size and forecast 2019- 2024
      • Table Lighting control - Market size and forecast 2019-2024 ($ billion)
      • Table Global lighting control market for smart buildings 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Lighting control - Year-over-year growth 2019-2024 (%)
    • Security and access control - Market size and forecast 2019-2024
      • Table Security and access control - Market size and forecast 2019-2024 ($ billion)
      • Table Global security and access control market for smart buildings market 2019- 2024 ($ billion), exclusive of COVID-19 impact
      • Table Security and access control - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ billion)
      • Table Global smart buildings market for other products 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by Solution
    • Market segments
      • Table Solution - Market share 2019-2024 (%)
    • Comparison by Solution
      • Table Comparison by Solution
    • Software - Market size and forecast 2019 2024
      • Table Software - Market size and forecast 2019-2024 ($ billion)
      • Table Global smart buildings software market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Software - Year-over-year growth 2019-2024 (%)
    • Hardware - Market size and forecast 2019-2024
      • Table Hardware - Market size and forecast 2019-2024 ($ billion)
      • Table Global smart buildings hardware market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Hardware - Year-over-year growth 2019-2024 (%)
    • Services - Market size and forecast 2019-2024
      • Table Services - Market size and forecast 2019-2024 ($ billion)
      • Table Global smart buildings services market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Description of services involved in smart buildings
      • Table Services - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Solution
      • Table Market opportunity by Solution
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Smart buildings market in Europe 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table Smart buildings market in North America 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table Smart buildings market in APAC 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table Smart buildings market in South America 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table Smart buildings market in MEA 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Stringent government regulations on energy consumption in buildings
      • Growing need for building automation to enhance business outcomes
      • Increasing demand to conserve energy
      • Increasing demand to achieve high operational efficiency in structures
      • Rapid urbanization
    • Market challenges
      • Challenges in integrating building automation software coupled with interoperability issues
      • Vulnerability issues and cybersecurity threats
      • High switching and installation costs
      • Interoperability challenge
      • Lack of clear definition of smart buildings
        • Table Impact of drivers and challenges
    • Market trends
      • Emergence of customized building automation software
      • Increasing integration of IoT with building automation software
      • Growing concept of BIoT
      • Government initiatives for smart cities
      • Customization of solutions
      • Integration of green and smart buildings
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Advantech Co. Ltd.
      • Table Advantech Co. Ltd. - Overview
      • Table Advantech Co. Ltd. - Business segments
      • Table Advantech Co. Ltd. - Key news
      • Table Advantech Co. Ltd. - Key offerings
      • Table Advantech Co. Ltd. - Segment focus
    • Cisco Systems Inc.
      • Table Cisco Systems Inc. - Overview
      • Table Cisco Systems Inc. - Business segments
      • Table Cisco Systems Inc. - Key news
      • Table Cisco Systems Inc. - Key offerings
      • Table Cisco Systems Inc. - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • International Business Machines Corp.
      • Table International Business Machines Corp. - Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key news
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • Johnson Controls International Plc
      • Table Johnson Controls International Plc - Overview
      • Table Johnson Controls International Plc - Product and service
      • Table Johnson Controls International Plc - Key news
      • Table Johnson Controls International Plc - Key offerings
      • Table Johnson Controls International Plc - Segment focus
    • Larsen and Toubro Ltd.
      • Table Larsen and Toubro Ltd. - Overview
      • Table Larsen and Toubro Ltd. - Business segments
      • Table Larsen and Toubro Ltd. - Key news
      • Table Larsen and Toubro Ltd. - Key offerings
      • Table Larsen and Toubro Ltd. - Segment focus
    • Raytheon Technologies Corp.
      • Table Raytheon Technologies Corp. - Overview
      • Table Raytheon Technologies Corp. - Business segments
      • Table Raytheon Technologies Corp. - Key news
      • Table Raytheon Technologies Corp. - Key offerings
      • Table Raytheon Technologies Corp. - Segment focus
    • Schneider Electric SE
      • Table Schneider Electric SE - Overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Key news
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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