Smart Building Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The smart building market is expected to grow at a CAGR of 21% over the forecast period 2022–2028. The adoption of IoT-based building management systems is increasing rapidly, and the growth of the smart building market is driven by space utilization and raising awareness of industry standards and regulations. Lack of cooperation and coordination between standards bodies, and growing concerns about security and data privacy are factors limiting the smart building market. 5G technology is rapidly emerging and is an opportunity. The lack of availability of skilled professionals is one of the challenges faced by the smart building market.

Company Profile

• ABB (Switzerland)
• Aquicore (US)
• Bosch (US)
• BuildingIQ (US)
• Cisco (US)
• CopperTree Analytics (Canada)
• ENTOUCH (US)
• Hitachi (Japan)

Market Segmentation

By Component

• Solution
• Services

By Application

• Residential
• Commercial

Scope of the Report

The research study analyzes the global Smart Building industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Smart Building Market Report

1. What was the Smart Building Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Smart Building Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Smart Building Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.