Smart Buildings Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, France, UK - Size and Forecast 2024-2028

Published: Apr 2024 Pages: 187 SKU: IRTNTR44719

Smart Buildings Market Forecast 2024-2028

The smart buildings market size is forecast to increase by USD 64.84 billion at a CAGR of 10.61% between 2023 and 2028. The market's growth trajectory is shaped by various factors. Firstly, there's a mounting demand for building automation systems aimed at optimizing business outcomes. Secondly, there's an increasing emphasis on safety and security, driving the need for advanced systems in these domains. Lastly, the imperative to conserve energy is gaining prominence, propelling the adoption of energy-efficient solutions. These factors collectively underscore the evolving landscape of building management, where automation, safety, and sustainability are pivotal. As businesses prioritize efficiency, safety, and sustainability, the market for building automation systems continues to expand, catering to diverse industry needs and challenges. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

Furthermore, stringent government regulations on reducing energy consumption and the presence of many global vendors are the major factors driving the market in the region.  The increasing use of smart grid solutions in the US as part of the overhaul of the national electricity network is also driving the growth of the smart buildings market in the region. Additionally, ABB Ltd. company offers smart buildings through building solutions such as well being, efficiency, cost transparency, sustainability, connectivity, etc. Also,  Advantech Co. Ltd. company offers smart buildings such as Wzzard, WISE 6610, WISE DeviceOn, WP EnSaaS, and Helicon.

Market Forecasting and Size

Market Forecast 2023-2027

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Market Dynamics

The market is experiencing rapid growth fueled by the demand for energy-efficient systems and PoE solutions. Smart Buildings solutions and services integrate technologies to optimize energy usage and reduce greenhouse gas emissions. Advancements like 5G technology enable real-time monitoring and control of Commercial buildings, enhancing energy management and security & emergency management. With Building infrastructure management solutions and Business Information Modeling (BIM), the Commercial Real Estate (CRE) sector adopts Artificial Intelligence (AI) and Virtual Reality (VR) for improved operations. Home automation and Waste management solutions further contribute to sustainable and intelligent building practices. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver- Need for enhanced safety and security systems

The rapid evolution has been driven significantly by the pressing need for enhanced safety and security systems. With escalating concerns over safety threats, including physical security breaches, natural disasters, and health emergencies, the demand for intelligent building solutions has surged. Smart buildings offer a comprehensive array of advanced security features that far surpass traditional systems. These include the real-time monitoring of access points, surveillance cameras equipped with AI-driven analytics for threat detection, and integrated alarm systems that can alert occupants and emergency responders swiftly.

Furthermore, government regulations and industry standards that mandate the implementation of robust safety and security measures in buildings have further propelled the adoption of such solutions. In addition to compliance requirements, organizations are increasingly recognizing the tangible benefits of investing in smart security systems, including improved operational efficiency, reduced insurance premiums, and enhanced brand reputation. Therefore, the growing need for enhanced safety and security systems will drive market growth during the forecast period.

Significant Market Trends- Growing concept of BIoT

An individual automated system generates information via smart sensors and actuators and integrates the processed information with building management control systems. BIoT is the new concept of making the building intelligent to take insights from the information and react automatically. The cloud infrastructure connects the sensors and actuators to exchange information among themselves and improve the working conditions. This technology enables the expansion of automated systems by simply connecting more devices to existing infrastructure.

Moreover, BIoT allows the integration of handheld devices such as mobile phones and tablets with building control to handle the process remotely. Further, market players are making continuous efforts to integrate smart buildings with cyber security and connected technology. Analytical tools such as big data that can handle and process data up to zettabytes tend to increase the market for IoT-integrated systems. Thus, the increasing adoption of BIoT will boost the growth of the market during the forecast period.

Major Market Challenge- Data privacy and cybersecurity issues

The implementation of building automation software is much more complex than traditional systems, such as lighting, safety, and security in a building. As the amount and complexity of infrastructure increase, the integration of software that performs different functions poses a challenge. Any gap in this integration exposes the software to various physical as well as cyber threats. Further, in a smart building, building automation software provides an interface for all the hardware, and any attempts to hack into one system in the network can compromise other systems, which could lead to the entire network crashing.

Besides, a networked system also involves risks associated with unauthorized access to sensitive data, which can compromise the integrity and privacy of the entire building network. The exploitation of any loophole in the network can have a serious impact on the data center of the interlinked system. As the data center processes and stores a high volume of complex information, the potential risk of cyber-attacks can result in a meltdown of the entire building network, leading to a lag in building operations. Thus, the growing adoption of building automation software increases the risk of security breaches, which may hinder market growth during the forecast period.

Market Segmentation by Product, Component, and Geography

The market is driven by energy-efficient systems and PoE solutions, offering solutions aim at reducing greenhouse gas emissions by optimizing energy usage through innovations like 5G technology. In Commercial buildings, Energy management and Security & emergency management are prioritized. Integration of Artificial Intelligence (AI), Virtual Reality (VR), and Internet of Things (IoT) enables advanced functionalities like home automation and Waste management solutions. PoE solutions, intelligent glass, smart thermostats, and smart elevators are all examples of Internet of Things (IoT) technologies that are transforming various aspects of infrastructure and building management.

Product Segment Analysis:

The BMS segment will account for a major share of the market's growth during the forecast period.? BMS are also known as BAS, and they are installed to integrate all the standalone control and monitoring systems at one point for seamless control of all systems. BMS consists of software, servers, sensors, and other major components such as HVAC, lighting, and emergency control systems, and monitor all devices together. Increasing industrial development, commercialization, and awareness of effective utilization of energy and building optimization will drive the adoption of BMS in these regions.

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The BMS segment was valued at USD 26.73 billion in 2018. Further, as the need to connect different control systems will become eminent, BMS is anticipated to experience high adoption in the commercial sector, high-end residential buildings, and the services sector during the forecast period. Rapid strides in technology innovation will further propel the adoption of BMS as the systems can deploy IoT, analytics, and cloud computing for effective monitoring, controlling, and operating building facilities during the forecast period. Thus, the above-mentioned factors will boost the growth of the segment of the market during the forecast period.

Component Segment Analysis:

Software plays an important role in smart buildings through integrated building management systems. In such management systems, the software helps in collecting all the information generated by different subsystems, processors, storage devices, cameras, and sensors. The information collected is then processed and used to analyze and arrive at the best course of action, which is then circulated to the appropriate sub-system or device for further corrective or preventive action. Increasing commercialization in growing economies has led to growth in new buildings, and rising energy consumption has created an urge to save energy. Governments worldwide are largely focusing on converting new construction to balance the trade-off. Therefore, the software market is predicted to show high growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 31% to the growth by 2028. Technavio's analysts have provided extensive insight into market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The US and Canada are the major markets in the region. Rapid industrial and commercial growth in Brazil, Colombia, Mexico, and other countries are anticipated to deploy more smart solutions during the forecast period. In addition, governments in the region are making efforts to reduce emissions and increase energy efficiency in federal buildings. 

Additionally, in North America, a considerable number of vendors offer smart building solutions, including Honeywell International Inc., Cisco Systems Inc., Johnson Controls International Plc, and Raytheon Co. With several vendors based in the US, the competition within the market is growing, which is further driving innovation. The US accounts for the largest market share, comprising most of the smart buildings market in the region. Thus, the above-mentioned factors will boost the growth of the regional market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • BuildingLogiX: The company offers smart buildings through its Building Data Analytics Services, which provides a range of building analytics platform services to help our clients improve efficiency and reduce energy consumption.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Johnson Controls, L and T Technology Services Ltd., Legrand SA, Panasonic Holdings Corp., Robert Bosch GmbH, RTX Corp., Schneider Electric SE, Siemens AG, Smarteh d.o.o., Snap One LLC, Softdel System Pte. Ltd., Switch Automation, and Verdigris Technologies Inc. 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook 
    • BMS
    • HVAC
    • Lighting control
    • Security and access control
    • Others
  • Component Outlook 
    • Software
    • Hardware
    • Services
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market is witnessing a surge in adoption driven by PoE solutions and IoT-enabled devices for building maintenance and energy savings. Lighting control systems and automated building controls enhance efficiency, while GSMA and 5G networks bolster connectivity for IoT devices. However, concerns over cyber-attacks persist, urging the integration of robust security measures like Closed-Circuit Televisions (CCTVs) and secure power supplies. Smart connected devices and energy management systems (EMS) optimize safety & security management and energy management alongside heating, ventilation, and air conditioning (HVAC) systems, shaping the future of sustainable and intelligent buildings.

Additionally, in the realm of smart buildings, PoE solution and building Internet of Things (BIoT) integrations are revolutionizing infrastructure, yet the looming threat of cyber-attack demands stringent security measures. Elevating safety, passenger lifts are equipped with Internet-of-Things (IoT) technology and monitored through Connect Box systems. Addressing environmental concerns, smart buildings combat greenhouse effects through energy-efficient practices. Original equipment manufacturers (OEMs) play a pivotal role in providing innovative solutions for both the safety & security management segment and the energy management segment, driving advancements in sustainable and intelligent building technologies.

Market Scope

Report Coverage

Details

Page number

187

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.61%

Market Growth 2024-2028

USD 64.84 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

9.32

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key countries

US, China, Japan, France, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Advantech Co. Ltd., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., International Business Machines Corp., Johnson Controls, L and T Technology Services Ltd., Legrand SA, Panasonic Holdings Corp., Robert Bosch GmbH, RTX Corp., Schneider Electric SE, Siemens AG, Smarteh d.o.o., Snap One LLC, Softdel System Pte. Ltd., Switch Automation, and Verdigris Technologies Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global smart buildings market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global smart buildings market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Component Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Component Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 BMS - Market size and forecast 2023-2028
      • Exhibit 34: Chart on BMS - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on BMS - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on BMS - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on BMS - Year-over-year growth 2023-2028 (%)
    • 6.4 HVAC - Market size and forecast 2023-2028
      • Exhibit 38: Chart on HVAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on HVAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on HVAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on HVAC - Year-over-year growth 2023-2028 (%)
    • 6.5 Lighting control - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Lighting control - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Lighting control - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Lighting control - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Lighting control - Year-over-year growth 2023-2028 (%)
    • 6.6 Security and access control - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Security and access control - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Security and access control - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Security and access control - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Security and access control - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Component

    • 7.1 Market segments
      • Exhibit 56: Chart on Component - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Component - Market share 2023-2028 (%)
    • 7.2 Comparison by Component
      • Exhibit 58: Chart on Comparison by Component
      • Exhibit 59: Data Table on Comparison by Component
    • 7.3 Software - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 7.4 Hardware - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 7.5 Services - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Services - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Services - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Services - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Services - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Component
      • Exhibit 72: Market opportunity by Component ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Component ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 France - Market size and forecast 2023-2028
      • Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 115: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 127: ABB Ltd. - Overview
              • Exhibit 128: ABB Ltd. - Business segments
              • Exhibit 129: ABB Ltd. - Key news
              • Exhibit 130: ABB Ltd. - Key offerings
              • Exhibit 131: ABB Ltd. - Segment focus
            • 12.4 Advantech Co. Ltd.
              • Exhibit 132: Advantech Co. Ltd. - Overview
              • Exhibit 133: Advantech Co. Ltd. - Business segments
              • Exhibit 134: Advantech Co. Ltd. - Key news
              • Exhibit 135: Advantech Co. Ltd. - Key offerings
              • Exhibit 136: Advantech Co. Ltd. - Segment focus
            • 12.5 BuildingLogiX
              • Exhibit 137: BuildingLogiX - Overview
              • Exhibit 138: BuildingLogiX - Product / Service
              • Exhibit 139: BuildingLogiX - Key offerings
            • 12.6 Cisco Systems Inc.
              • Exhibit 140: Cisco Systems Inc. - Overview
              • Exhibit 141: Cisco Systems Inc. - Business segments
              • Exhibit 142: Cisco Systems Inc. - Key news
              • Exhibit 143: Cisco Systems Inc. - Key offerings
              • Exhibit 144: Cisco Systems Inc. - Segment focus
            • 12.7 Delta Electronics Inc.
              • Exhibit 145: Delta Electronics Inc. - Overview
              • Exhibit 146: Delta Electronics Inc. - Business segments
              • Exhibit 147: Delta Electronics Inc. - Key offerings
              • Exhibit 148: Delta Electronics Inc. - Segment focus
            • 12.8 Emerson Electric Co.
              • Exhibit 149: Emerson Electric Co. - Overview
              • Exhibit 150: Emerson Electric Co. - Business segments
              • Exhibit 151: Emerson Electric Co. - Key news
              • Exhibit 152: Emerson Electric Co. - Key offerings
              • Exhibit 153: Emerson Electric Co. - Segment focus
            • 12.9 Honeywell International Inc.
              • Exhibit 154: Honeywell International Inc. - Overview
              • Exhibit 155: Honeywell International Inc. - Business segments
              • Exhibit 156: Honeywell International Inc. - Key news
              • Exhibit 157: Honeywell International Inc. - Key offerings
              • Exhibit 158: Honeywell International Inc. - Segment focus
            • 12.10 International Business Machines Corp.
              • Exhibit 159: International Business Machines Corp. - Overview
              • Exhibit 160: International Business Machines Corp. - Business segments
              • Exhibit 161: International Business Machines Corp. - Key news
              • Exhibit 162: International Business Machines Corp. - Key offerings
              • Exhibit 163: International Business Machines Corp. - Segment focus
            • 12.11 Johnson Controls
              • Exhibit 164: Johnson Controls - Overview
              • Exhibit 165: Johnson Controls - Business segments
              • Exhibit 166: Johnson Controls - Key news
              • Exhibit 167: Johnson Controls - Key offerings
              • Exhibit 168: Johnson Controls - Segment focus
            • 12.12 L and T Technology Services Ltd.
              • Exhibit 169: L and T Technology Services Ltd. - Overview
              • Exhibit 170: L and T Technology Services Ltd. - Business segments
              • Exhibit 171: L and T Technology Services Ltd. - Key offerings
              • Exhibit 172: L and T Technology Services Ltd. - Segment focus
            • 12.13 Robert Bosch GmbH
              • Exhibit 173: Robert Bosch GmbH - Overview
              • Exhibit 174: Robert Bosch GmbH - Business segments
              • Exhibit 175: Robert Bosch GmbH - Key news
              • Exhibit 176: Robert Bosch GmbH - Key offerings
              • Exhibit 177: Robert Bosch GmbH - Segment focus
            • 12.14 Schneider Electric SE
              • Exhibit 178: Schneider Electric SE - Overview
              • Exhibit 179: Schneider Electric SE - Business segments
              • Exhibit 180: Schneider Electric SE - Key offerings
              • Exhibit 181: Schneider Electric SE - Segment focus
            • 12.15 Siemens AG
              • Exhibit 182: Siemens AG - Overview
              • Exhibit 183: Siemens AG - Business segments
              • Exhibit 184: Siemens AG - Key news
              • Exhibit 185: Siemens AG - Key offerings
              • Exhibit 186: Siemens AG - Segment focus
            • 12.16 Snap One LLC
              • Exhibit 187: Snap One LLC - Overview
              • Exhibit 188: Snap One LLC - Product / Service
              • Exhibit 189: Snap One LLC - Key offerings
            • 12.17 Softdel System Pte. Ltd.
              • Exhibit 190: Softdel System Pte. Ltd. - Overview
              • Exhibit 191: Softdel System Pte. Ltd. - Product / Service
              • Exhibit 192: Softdel System Pte. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 193: Inclusions checklist
                • Exhibit 194: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 195: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 196: Research methodology
                • Exhibit 197: Validation techniques employed for market sizing
                • Exhibit 198: Information sources
              • 13.5 List of abbreviations
                • Exhibit 199: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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