The global smart buildings market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period. The rise in adoption of IoT-enabled BMS will fuel the global smart buildings market. IoT-enabled BMS is used to increase building performance and use sensor-generated data to improve user experience of building. Smart buildings, that attach building operations through the IoT, can reduce the tasks like regulating building heat and safety & preservation through mobile devices and computers. The IoT technology offers vendors with an opportunity to have direct consultations with building users and their occupants. Sensors in shopping centers help the owners to contact directly with customers and provide required services which results in building relationships with customers. Therefore, IoT-enabled BMS is estimated to drive the smart buildings market growth due to which several companies are introducing IoT enabled solutions for smart buildings.
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For instance, in November 2020, Waylay announced the launch of its low-code robotic platform for smart buildings, due to increasing market demand for new intelligent building automation applications that depend on sensor based data and data from BMS. Waylay delivers its IoT automation platform to producers of building equipment, building management service providers and software companies to install these intelligent building applications and recognize a rapid response to dynamic situations, rules and customer requirements. Waylay’s data analytics fuels new solutions for enhanced facility management, maintenance of HVAC systems, failure recognition, tenant security, asset and energy optimization, and optimized field service teams to modernize business processes and create high-margin returns streams.
Global Smart Buildings Market Report by Segment
By Building Type
- Residential
- Commercial
- Industrial
By Solution
- Safety & Security Management System
- Energy Management System
- Building Infrastructure Management System
- Network Management
- Integrated Workplace Management System (IWMS)
By Service
- Consulting
- Implementation
- Support & Maintenance
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Smart Buildings Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ABB Ltd.
- CopperTree Analytics Inc.
- eFACiLiTY
- ENTOUCH
- Endeavor Business Media, LLC
- 75F
- IGOR INC
- Intel Corp
- Johnson Controls Internationals
- KMC Controls
- Legrand North America, LLC.
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