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Analyst charts worldwide smart buildings industry to 2026, lists top suppliers

July 16, 2021
Among other findings, a new report by ResearchAndMarkets.com projects that the market for smart building automation software and systems will reach $20.5 billion in North America by 2027.

The "Global Smart Buildings Market by Technology (AI, IoT, Indoor Wireless), Infrastructure, Solutions (Asset Tracking, Data Analytics, IWMS), and Deployment Models 2021-2026" report has been added to the offering of the Dublin, Ireland-based technology researcher ResearchAndMarkets.com.

The new report evaluates the smart buildings market, including technologies, players, and solutions. The report analyzes smart buildings challenges and opportunities, assesses market potential, and provides accompanying smart buildings market sizing, globally as well as regionally, and by market segment for 2021-2026.

The report includes an analysis of technologies supporting smart building automation, IWMS, and smart workplace applications and services. Smart building technology integration areas addressed within the report include 5G, AI, data analytics, and edge computing.

Companies mentioned in the report include:

  • ABB Group
  • Abundant Power
  • Accenture PLC
  • Aeon Labs LLC
  • Affinegy, Inc
  • Affinity Automation, LLC
  • American Auto-Matrix
  • American Digitals
  • American Energy Management
  • AMMAMSIC Technology Corp.
  • Analytikia
  • Appin Associates
  • Assodomotica
  • Athena Engineering, Inc.
  • Automated Control Inc.
  • Azbil
  • Be Home247
  • Belimo
  • Brandt Automation, Inc.
  • Building IQ
  • Building Robotics
  • Cadillac Fairview
  • Central Coast Environmental Controls
  • Cisco Systems Inc.
  • Copper Tree Analytics
  • Crestron
  • CSR
  • Current Analytics, Inc.
  • Cylon
  • Delta Controls
  • Many More

The analyst projects that the market for smart building automation software and systems will reach $20.5 billion in North America by 2027. AI-enabled IoT (AIoT) systems are expected to drive IWMS efficiencies and automation "to an entirely new level by 2026."

The report's summary notes that smart facility water management systems will represent an $850 million market opportunity in Europe by 2027. The post-COVID19 world will challenge building operations management in terms of public health compliance, warns the analyst.

Per Research and Markets, key report highlights also include discussion of how:

  • Life cycle cost management for facilities is becoming a key factor in building selection for corporate giants such as Amazon.
  • Leading solution providers such as IBM are changing the smart building landscape through a multi-dimensional approach to investment ROI.
  • The key to success in the smart building market is to intelligently integrate data, systems, processes, and assets for enterprise and industrial operations.

Learn more about the key topics covered in this report.

Purchase the report.

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