The latest market intelligence report, titled ‘Global Smart Buildings Market’, is intended to provide the required knowledge about the global smart buildings business to the target audience. The research includes a thorough analysis of the key drivers, obstacles, opportunities, restrictions, threats, and micro- and macroeconomic factors that affect the market for smart buildings. The growth of the global smart buildings industry is constrained by issues like high upfront expenditures, privacy concerns related to hacking, and security concerns.

For the Internet of Things (IoT) and current smart technologies to function together, state governments, corporations, and other shareholders must cooperate. To fully utilise the capabilities of these technologies in the construction of smart cities, cooperation is essential. Another factor that is anticipated to restrain market expansion to some level over the forecast period is the escalating privacy and security concerns brought on by the vulnerabilities of IoT-enabled devices.

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The global Smart Buildings market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Smart Buildings market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Leading companies profiled in the report:

Cisco Systems, Inc.,

Honeywell International Inc.,

Johnson Controls Internationals,

Hitachi Ltd.,

Schneider Electric,

ABB Ltd.,

Legrand,

Siemens AG,

Robert Bosch GmbH, and

Telit

Educational institutions segment accounted for significantly robust revenue share in 2020 and is expected to register a rapid growth rate during the forecast period. Smart technologies in educational institutions provides brighter lighting, proper ventilation, and adequate energy, among others. This helps to boost learning experience of students.

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Lightning control system segment accounted for significantly large revenue share in 2020 owing to smart time scheduling and daylight harvesting, which helps to save energy. It also helps to analyze patterns of movements and show areas of congestion, and frequently used paths.

Emergen Research has segmented the global smart buildings market on the basis of automation type, service type, building type, and region:

Automation Type Outlook (Revenue, USD Billion; 2018–2028)

  • Building Management System (BMS)
  • Heating, Ventilation, and Air Conditioning (HVAC)
  • Lightning Control System
  • Emergency Alarm and Evacuation System
  • Audio and Visual Effects
  • Video Surveillance System
  • Elevators and Escalators Systems
  • Fire and Life Safety Alarm
  • Energy Management
  • Others

Service Type Outlook (Revenue, USD Billion; 2018-2028)

  • System Integration and Deployment
  • Support and Maintenance
  • Consulting

Building Type Outlook (Revenue, USD Billion; 2018–2028)

  • Commercial Buildings
  • Residential Building
  • Governmental and Public Infrastructure Facilities
  • Educational Institutions

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