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The Building Analytics Market grew from USD 9.01 billion in 2023 to USD 10.09 billion in 2024. It is expected to continue growing at a CAGR of 13.13%, reaching USD 21.38 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The market scope of Building Analytics encompasses the collection and analysis of data related to the performance and operation of building systems. This is crucial for enhancing energy efficiency, optimizing maintenance operations, and improving occupant comfort. Its applications span across commercial buildings, residential complexes, and industrial facilities, serving to provide crucial insights into energy consumption, air quality, and system performance. End-users, such as facility managers and property owners, leverage this technology to drive cost savings and achieve energy compliance. The rising adoption of Internet of Things (IoT) technologies and smart building solutions are key growth influencers in this sector, presenting fresh opportunities to develop more integrated and intelligent analytics platforms. The increasing focus on sustainability and energy efficiency aligns with regulatory pressures to reduce carbon footprints, further fostering market expansion. Potential opportunities lie in the integration of AI and machine learning to enhance predictive analytics, thus enabling more accurate energy forecasts and fault detection. Despite its growth potential, the market faces limitations due to high initial costs of implementation and the complexity of integrating with existing building systems. Challenges also emerge from concerns regarding data privacy and security, as the rising use of connected devices in building analytics systems magnifies potential cybersecurity risks. Therefore, innovative strategies could be unleashed in the areas of enhancing user-friendly interfaces, implementing robust security protocols, and developing cost-effective solutions. Additionally, further research into energy management systems that integrate renewable energy sources could propel business growth. The market's nature is rapidly evolving, adapting quickly to technological advancements and legislative demands. Players in the field must remain agile to harness emerging technologies and align with shifting consumer expectations, ensuring they are positioned to capitalize on the burgeoning demand for advanced building analytics solutions.
Understanding Market Dynamics in the Building Analytics Market
The Building Analytics Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increasing focus on energy efficiency and sustainable building practices
- Stringent building codes and regulations
- Rise in construction of smart buildings worldwide
- Market Restraints
- High cost of implementation of building analytics solution
- Market Opportunities
- Technological advancements in building analytics solutions
- Integration of predictive maintenance algorithms in building analytics systems
- Market Challenges
- Complexity in integration and data privacy issues
Exploring Porter’s Five Forces for the Building Analytics Market
Porter’s Five Forces framework further strengthens the insights of the Building Analytics Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Building Analytics Market
External macro-environmental factors deeply influence the performance of the Building Analytics Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Building Analytics Market
The Building Analytics Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Building Analytics Market
The Building Analytics Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Building Analytics Market
The Building Analytics Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Building Analytics Market, highlighting leading vendors and their innovative profiles. These include Attune, BuildingIQ, BuildingLogiX, Carrier Global Corporation, CIM Environmental Pty. Ltd., Clockworks Analytics, CopperTree Analytics, Crestron Electronics, Inc., Delta Electronics, Inc., ENGIE Insight Services Inc., General Electric Company, GridPoint Inc., IBM Corporation, ICONICS, Inc., Johnson Controls International plc, Leaftech GmbH, Lucid Analytics AG, NV5 Global, Inc., PointGrab Inc., Schneider Electric SE, SETEC Group, Siemens AG, and Verdigris Technologies, Inc..Market Segmentation & Coverage
This research report categorizes the Building Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Offerings
- Services
- Consulting
- Managed Services
- Professional Services
- Support & Maintenance
- Software
- Services
- Deployment
- Cloud
- On-premises
- Application
- Elevators & Escalators Management
- Emergency Management
- Energy Management
- Fault Detection & Monitoring
- Network Management
- Operations Management
- Security Management
- End-user
- Commercial
- Industrial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Building Analytics Market, by Offerings
7. Building Analytics Market, by Deployment
8. Building Analytics Market, by Application
9. Building Analytics Market, by End-user
10. Americas Building Analytics Market
11. Asia-Pacific Building Analytics Market
12. Europe, Middle East & Africa Building Analytics Market
13. Competitive Landscape
LIST OF FIGURES
LIST OF TABLES
Companies Mentioned
The leading players in the Building Analytics market, which are profiled in this report, include:- Attune
- BuildingIQ
- BuildingLogiX
- Carrier Global Corporation
- CIM Environmental Pty. Ltd.
- Clockworks Analytics
- CopperTree Analytics
- Crestron Electronics, Inc.
- Delta Electronics, Inc.
- ENGIE Insight Services Inc.
- General Electric Company
- GridPoint Inc.
- IBM Corporation
- ICONICS, Inc.
- Johnson Controls International plc
- Leaftech GmbH
- Lucid Analytics AG
- NV5 Global, Inc.
- PointGrab Inc.
- Schneider Electric SE
- SETEC Group
- Siemens AG
- Verdigris Technologies, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 181 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 10.09 Billion |
| Forecasted Market Value ( USD | $ 21.38 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
