Building Analytics Market Size, Share Report, Analysis, Trends, Growth, 2032

Building Analytics Market Insights

According to a report from Zion Market Research, the global Building Analytics Market was valued at USD 11.61 Billion in 2023 and is projected to hit USD 35.43 Billion by 2032, with a compound annual growth rate (CAGR) of 13.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Building Analytics Market industry over the next decade.

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The report analyzes and forecasts the building analytics market on a global and regional level. The study offers past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of building analytics market dynamics gives a brief thought about the drivers and restraints of the market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the building analytics market on a global level.Request Free Sample

The report gives a transparent view of the building analytics market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the building analytics market. To understand the competitive landscape in the building analytics market, an analysis of Porter’s Five Forces model for the building analytics market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Building Analytics Market: Growth Factors

The building analytics market is experiencing a significant boost, thanks to the increasing investments in technology within the construction sector. During the initial six months of 2018, worldwide investments in construction technology witnessed a substantial surge, reaching an impressive USD 1.05 billion. This remarkable figure represents a remarkable increase of approximately 30% when compared to the corresponding period in the previous year, 2017.

The majority of these investments were directed toward cutting-edge solutions that offer comprehensive analysis, substantial cost reduction, and enhanced operational efficiency. The imminent forecast timeframe is set to witness a significant upsurge in the building analytics market.

The building analytics market is experiencing a significant boost, thanks to the growing adoption of the "Internet of Things" (IoT) in order to enhance building performance and minimize expenses associated with facilities management.

With the proliferation of interconnected devices, the complexity of structures is on the rise. These devices generate a staggering amount of data. Nevertheless, it is important to consider the potential limitations that may arise due to the substantial expenses associated with the implementation of these solutions. This factor could potentially hinder the growth and expansion of the market in the coming years.

Building Analytics Market: Report Scope

Building Analytics Market: Segmentation

The study provides a crucial view of the building analytics market by segmenting it based on deployment, component, enterprise, application, and region. All the segments of the building analytics market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Building Analytics Market: Regional Analysis

The Asia Pacific is anticipated to witness a notable growth rate in the building analytics market globally in the future. China and India are projected to generate huge demands for the software in this region, owing to the rapid economic development and growing adoption of technology in the construction sector. The European building analytics market is expected to hold a notable share globally in the years ahead. Market players are opting to expand their business in this region, specifically in the UK, Germany, and France.

Building Analytics Market: Competitive Space 

Some noticeable players in the building analytics market are

• IBM
• Siemens
• Schneider Electric
• General Electric
• Honeywell International
• Johnson Controls International
• BuildingIQ
• ICONICS
• Delta Electronics
• BuildingLogix.

This report segments the global building analytics market into:

Global Building Analytics Market: Deployment Analysis

• On-Premises
• Cloud

Global Building Analytics Market: Component Analysis

• Software
• Services

Global Building Analytics Market: Building Type Analysis

• Residential
• Commercial
• Industrial

Global Building Analytics Market: Application Analysis

• Energy Management
• Fault Detection and Monitoring
• Security Management
• Operations Management
• Network Management
• Others

Global Building Analytics Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa