The Global Building Analytics Market 2018-2023: CAGR is Projected to Grow at 13.3%

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DUBLIN, Sept. 14, 2018 /PRNewswire/ —

The “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” report has been added to ResearchAndMarkets.com's offering.

This report expects the global building analytics market size to grow from USD 5.94 billion in 2018 to USD 11.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period.

Major growth factors for the market include an increased demand for energy-efficient systems and a growing focus on decreasing operational cost requirement. However, high implementation costs would restrain the market growth. Growing government initiatives and incentives and increasing adoption of cloud-based IoT platforms would create lucrative opportunities for vendors in the global building analytics market.

The report provides detailed insights into the global building analytics market by application, component, deployment mode, building type, and region.

Among applications, the energy management application is expected to continue to dominate the market during the forecast period. The HVAC and lighting controls systems facilitate the growth of the overall energy management systems and the segment is expected to grow at the highest CAGR during the forecast period. The parking management system segment is expected to grow at the second highest CAGR with the growing importance of parking fee and revenue management, and parking guidance and slots management applications.

In the component segment, the building analytics software segment is expected to hold a higher market share during the forecast period. The demand for building analytics software is growing, as organizations need building analytics to manage increasing data volumes to enhance productivity and manage energy efficiency.

Among deployment models, the cloud deployment model is expected to grow at a higher CAGR during the forecast period, owing to its cost-effectiveness, scalability, and ease of deployment. However the on-premises segment is expected to dominate the market in terms of market size, as companies majorly focus on deploying on-premises solutions for efficient data management to reduce operational costs and drive business growth.

The commercial buildings segment is expected to hold the largest market size during the forecast period. The segment is witnessing new growth opportunities coupled with rapid digital initiatives. Office buildings are prominent end users of the building analytics in the commercial sector, due to the major use of energy consuming equipment such as HVAC and lighting systems in these buildings. Similarly, the development of large shopping malls, auditoriums, and marriage halls is encouraging the owners to install building analytics solutions in new as well as old buildings. The manufacturing facilities segment is expected to grow at the highest CAGR during the forecast period.

The report covers all the major aspects of the building analytics market and provides an in-depth analysis across 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. Europe and North America are expected to have a significant share in the global market, owing to the direct presence of most of building analytics vendors. APAC is expected to provide significant growth opportunities and grow at the highest CAGR during the forecast period. Major growth drivers for the APAC market include the growing adoption of building analytics software and services among various types of buildings, and increasing adoption of IoT-based technologies.

The global building analytics market is fragmented, as no single vendor dominates the market. Major vendors have adopted several types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, expansions, and acquisitions, to expand their offerings in the global building analytics market.

Key Topics Covered

1 Introduction

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.1.2.1 Breakdown of Primaries

2.1.2.2 Key Industry Insights

2.2 Market Size Estimation

2.3 Research Assumptions

2.4 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Building Analytics Market

4.2 Market Regional Analysis

4.3 Investment Opportunities in the Market

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increased Demand for Energy-Efficient Systems

5.2.1.2 Decreasing Operational Cost

5.2.2 Restraints

5.2.2.1 High Cost of Implementation

5.2.3 Opportunities

5.2.3.1 Government Initiatives and Incentives

5.2.3.2 Growing Adoption of Cloud-Based IoT Platforms

5.2.4 Challenges

5.2.4.1 Lack of Awareness About Building Analytics Solutions

5.3 Industry Trends

5.4 Building Analytics: Use Cases

5.4.1 Use Case #1: Minimizing Energy Cost and Consumption

5.4.2 Use Case #2: Managing and Improving Asset Life Cycle

5.5 Regulations

5.5.1 BacnetA Data Communication Protocol for Building Automation and Control Networks

5.5.2 Knx

5.5.3 Digital Addressable Lighting Interface (DALI)

5.5.4 EU General Data Protection Regulation (GDPR)

5.5.5 Modbus

5.5.6 Cloud Standard Customer Council (CSCC)

5.6 Ecosystem

6 Building Analytics Market, By Application

6.1 Introduction

6.2 Fault Detection and Monitoring

6.3 Energy Management

6.3.1 Heating, Ventilation, and Air Conditioning Control Systems Management

6.3.2 Lighting Control Systems Management

6.4 Security Management

6.4.1 Video Surveillance

6.4.2 Access Control

6.5 Emergency Management

6.6 Parking Management

6.6.1 Parking Fee and Revenue Management

6.6.2 Parking Reservation Management

6.6.3 Parking Guidance and Slot Management

6.7 Operations Management

6.8 Elevators and Escalators Management

6.9 Network Management

6.10 Others

7 Building Analytics Market, By Component

7.1 Introduction

7.2 Software

7.3 Services

7.3.1 Managed Services

7.3.2 Professional Services

7.3.2.1 Consulting

7.3.2.2 Support and Maintenance

8 Market By Deployment Mode

8.1 Introduction

8.2 On-Premises

8.3 Cloud

9 Building Analytics Market, By Building Type

9.1 Introduction

9.2 Manufacturing Facilities

9.3 Residential Buildings

9.4 Commercial Buildings

9.5 Public Places

9.6 Government Buildings

9.7 Others

10 Building Analytics Market, By Region

10.1 Introduction

10.2 North America

10.2.1 By Application

10.2.2 By Component

10.2.3 By Deployment Mode

10.2.4 By Building Type

10.2.5 By Country

10.2.5.1 United States

10.2.5.2 Canada

10.3 Europe

10.3.1 By Application

10.3.2 By Component

10.3.3 By Deployment Mode

10.3.4 By Building Type

10.3.5 By Country

10.3.5.1 United Kingdom

10.3.5.2 Germany

10.3.5.3 France

10.3.5.4 Rest of Europe

10.4 Asia Pacific

10.4.1 By Application

10.4.2 By Component

10.4.3 By Deployment Mode

10.4.4 By Building Type

10.4.5 By Country

10.4.5.1 Japan

10.4.5.2 China

10.4.5.3 Singapore

10.4.5.4 India

10.4.5.5 Rest of Asia Pacific

10.5 Middle East and Africa

10.5.1 By Application

10.5.2 By Component

10.5.3 By Deployment Mode

10.5.4 By Building Type

10.5.5 By Country

10.5.5.1 United Arab Emirates

10.5.5.2 Kingdom of Saudi Arabia

10.5.5.3 South Africa

10.5.5.4 Rest of Middle East and Africa

10.6 Latin America

10.6.1 By Application

10.6.2 By Component

10.6.3 By Deployment Mode

10.6.4 By Building Type

10.6.5 By Country

10.6.5.1 Mexico

10.6.5.2 Brazil

10.6.5.3 Rest of Latin America

11 Competitive Landscape

11.1 Overview

11.2 Prominent Players in the Building Analytics Market

11.3 Competitive Scenario

11.3.1 New Product Launches and Product Upgradations

11.3.2 Partnerships, Collaborations, and Agreements

11.3.3 Business Expansions

11.3.4 Acquisitions

12 Company Profiles

12.1 Schneider Electric

12.2 Johnson Controls

12.3 IBM

12.4 Honeywell

12.5 Siemens

12.6 General Electric

12.7 Buildingiq

12.8 Iconics

12.9 Coppertree Analytics

12.10 Delta Electronics

12.11 Enernoc

12.12 Buildpulse

12.13 Engie Insight

12.14 Gridpoint

12.15 Ecovox

12.16 Buildinglogix

12.17 Crestron Electronics

12.18 Energy Advantage

12.19 Lucid

12.20 Noveda Technologies

12.21 Senseware

12.22 Pointgrab

12.23 KGS Buildings

12.24 Verdigris

12.25 Lutron Electronics

For more information about this report, visit https://www.researchandmarkets.com/research/3t97sz/the_global?w=5

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