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Global Smart Building Market Research Report - Segmentation By Type (Automation Software and Services), By Systems (Building Energy Management System, Physical Security System, Building Communication Systems, Plumbing And Management Systems, Water Management System, Parking, Elevators, Escalator Management System, and others), By Application (Manufacturing Facilities, Residential Buildings, Commercial Buildings, University, School And Hospital Buildings, Government And Public Infrastructure, and others), By Region (North America, Asia Pacific, South America and others) - Industry Trends and Forecast to 2027

Published: January, 2022
ID: 8339
Pages: 170

Smart Building Market Size (2021–2026):

The global smart building market is anticipated to expand from US$ 73.8 billion in 2020 to US$ 140.7 billion by the end of 2026, registering a CAGR of about 15% during the forecat period (2022 - 2027).

A smart building is any type of infrastructure that uses automation to control building operations, which can be something like ventilation, lighting, heating, air conditioning, security, etc. To do this, actuators, sensors and microchips are used in the building to collect data and, therefore, manage services and functions. This kind of infrastructure aids operators, owners, and managers of various facilities to enhance their asset performance and reliability, which results in space optimization, minimizes energy consumption and reduces impact of buildings.

Market growth and trends:

Smart buildings transmit useful building administrations that make residents beneficial (for example, light, warm comfort, air quality, security, sanitation, and others) at affordable cost and ecological impact throughout the lifecycle of building. Achieving this vision requires includes information from the first starting point of the configuration phase to the end of the building's useful life.

Market Drivers and Restraints:

An increasing number of intelligent energy systems are expected to open new horizons in the global smart building market. The continuous pursuit of improved access, efficiency, durability and comfort should lead to new advances in the smart building market. IT players are increasingly concentrating on expanding the IoT backbone of smart buildings, which is supposed to pave the way for innovations in the smart building industry. Its objective is to improve the interoperability of intelligent construction technologies.

However, a revealing concern for all concerned is the threat of physical and digital stores. The advent of standardized security solutions is a great unmet need. In the coming years, the integration of Internet of Things solutions that consolidate disparate building systems should generate traction in the smart building market.




Market Size Available

2020 – 2026

Base Year


Forecast Period

2022 - 2027



Segments Covered

By Component, Solution, Service, Building Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Honeywell (United States), Johnson Controls (Ireland), Cisco (United States), Hitachi (Japan), Siemens (Germany), IBM (United States), Schneider Electric (France), Intel (United States), Huawei (China), ABB (Switzerland), L&T Technology Services (India), 75F (United States), Telit (United Kingdom), Pointgrab (Israel), LogicLadder (India), Spacewell (Belgium), PTC (United States), Avnet (United States), Softdel (United States), Spaceti (Czech Republic) and Others.


Smart Building Market Segmentation:

The global smart building market is segmented and sub-segmented into the following categories:

Smart Building Market - By Component:

  • Solution
  • Services

Smart Building Market - By Solution Type:

  • Building Infrastructure Management
  • Security and Emergency Management
  • Energy Management
  • Network Management
  • Workforce Management

Smart Building Market - By Service Type:

  • Consulting
  • System Integration and Deployment
  • Support and Maintenance

Smart Building Market - By Building Type:

  • Residential
  • Commercial
  • Industrial

Regional Analysis:

The global smart building market was analysed in five main regions, namely:

  1. North America
  2. Europe
  3. Asia-Pacific
  4. Middle East & Africa
  5. Latin America

North America dominated as the leading regional market for these smart buildings. Europe registered the second-largest share in this market and is expected to grow at a remarkable growth rate over the projection period. The need for smart building solutions is accelerating in Europe due to increased investments by local governments in smart city projects.

Asia Pacific is estimated as the fastest-growing region in the global smart building market with a notable CAGR. The growing initiatives to develop commercial offices, locations and shopping centers with advanced and intelligent technologies and equipment should offer lucrative growth opportunities for the local smart buildings market. In Asia Pacific, smart construction solution providers are turning towards IoT-compliant building management systems to increase smart construction services in the locale.

The Middle East and Africa market is determined to experience moderate growth in the smart buildings market in the coming years. The growing demand for more energy efficient smart building solutions and the trend to reduce greenhouse gas emissions will drive the growth of the smart building business in the vicinity.

Key players in the market:

The main market players presented in this report are Honeywell (United States), Johnson Controls (Ireland), Cisco (United States), Hitachi (Japan), Siemens (Germany), IBM (United States), Schneider Electric (France), Intel (United States), Huawei (China), ABB (Switzerland), L&T Technology Services (India), 75F (United States), Telit (United Kingdom), Pointgrab (Israel), LogicLadder (India), Spacewell (Belgium), PTC (United States), Avnet (United States), Softdel (United States), Spaceti (Czech Republic). These players have adopted various growth strategies, such as partnerships, business extensions, agreements and collaborations; and new product launches and product enhancements to further increase its market presence and expand its customer base.

Recent developments:

  • Schneider Electric provides various types of building automation and control systems to deliver optimum energy and operational efficiency to its residents. The company also offers an open innovation platform for buildings, which is considered as an IoT collaboration solution to implement smart buildings for the future.
  • Cisco Systems Inc. actively participates in the smart building market through various types of building automation and networking solutions. The company offers a digital construction solution to lay the foundations for new generation smart buildings. Construction solutions that include building automation, optimized lighting and the company's IoT technology help make the building smarter.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Smart Building Market, By Component                          

                                6.1.1 Solution   

                                6.1.2 Services   

                                6.1.3 Market Size Estimations & Forecasts (2022 - 2027)

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Smart Building Market, By Solution Type                       

                                6.2.1 Building Infrastructure Management          

                                6.2.2 Security and Emergency Management       

                                6.2.3 Energy Management          

                                6.2.4 Network Management      

                                6.2.5 Workforce Management  

                                6.2.6 Market Size Estimations & Forecasts (2022 - 2027)

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

                6.3 Smart Building Market, By Service Type                         

                                6.3.1 Consulting               

                                6.3.2 System Integration and Deployment           

                                6.3.3 Support and Maintenance

                                6.3.4 Market Size Estimations & Forecasts (2022 - 2027)

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

                6.4 Smart Building Market, By Building Type                       

                                6.4.1 Residential              

                                6.4.2 Commercial            

                                6.4.3 Industrial 

                                6.4.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.4.5 Y-o-Y Growth Rate Analysis              

                                6.4.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2022 - 2027)

                                7.2.1 By Country              



                                7.2.2 By Component      

                                7.2.3 By Solution Type  

                                7.2.4 By Service Type     

                                7.2.5 By Building Type   

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Solution Type  

                                7.3.4 By Service Type     

                                7.3.5 By Building Type   

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Solution Type  

                                7.4.4 By Service Type     

                                7.4.5 By Building Type   

                7.5 Latin America                            

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Solution Type  

                                7.5.4 By Service Type     

                                7.5.5 By Building Type   

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Component      

                                7.6.3 By Solution Type  

                                7.6.4 By Service Type     

                                7.6.5 By Building Type   

8. Key Player Analysis                                    

                8.1 Honeywell International Inc.               

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Johnson Controls                     

                8.3 Mitsubishi Electric Corp                        

                8.4 Schneider Electric                    

                8.5 Siemens AG               

                8.6 Intel Corp                    

                8.7 Cisco Systems                           

                8.8 Huawei                        

                8.9 ABB               

                8.10 IBM Corp                  

9. Market Outlook & Investment Opportunities                                 


                List of Tables                     

                List of Figures                   

  1. Global Smart Building Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Smart Building Market By Component, From 2022 - 2027 ( USD Billion )
  3. Global Solution Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Services Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Smart Building Market By Solution Type, From 2022 - 2027 ( USD Billion )
  6. Global Building Infrastructure Management Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Security and Emergency Management Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Energy Management Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Network Management Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Workforce Management Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Smart Building Market By Service type, From 2022 - 2027 ( USD Billion )
  12. Global Consulting Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global System Integration and Deployment Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global Support and Maintenance Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global Smart Building Market By Building Type, From 2022 - 2027 ( USD Billion )
  16. Global Residential Market By Region, From 2022 - 2027 ( USD Billion )
  17. Global Commercial Market By Region, From 2022 - 2027 ( USD Billion )
  18. Global Industrial Market By Region, From 2022 - 2027 ( USD Billion )

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