Global Smart Buildings Market: 2024-2029

The Smart Buildings research suite provides in-depth analysis and evaluation of how hardware and software service providers are reimagining smart building solutions as living ecosystems through the use of IoT (Internet of Things) and AI (Artificial Intelligence).

The suite includes both a data deliverable; sizing the market and providing key forecast data across 60 countries and several different segments, as well as a Strategy & Trends document which gives a complete assessment of the key trends, challenges and recommendations for stakeholders. Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing building automation, IoT, energy consumption management and smart building vendors to shape their future strategy.

Key Statistics

• $24.7bn - Total smart building spend in 2024
• $112.7bn - Total smart building spend in 2029
• 356% - 2024 to 2029 market growth
• 2024-2029 - Forecast period

Key Features

Market Dynamics: Insights into key trends and market expansion challenges within the market; addressing challenges posed by the highly technical nature of smart building systems and ongoing consumer and building manager fears regarding security and privacy, the future impacts of industry 5.0, and analysing economical (energy costs from energy consumption and carbon emission tracking and net-zero goals driving energy efficiency) and technological drivers (smart technology such as IoT technologies and digital transformation) within the market. The smart building market share research also includes a regional market growth analysis on the current development and segment growth of the smart building market in 60 countries, as well as providing a future outlook.

Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the smart buildings market; accompanied by key strategic recommendations for stakeholders.

Benchmark Industry Forecasts: The business overview into smart building service providers includes forecasts for total revenue for smart building technologies, split by industrial, commercial and residential sectors.

Competitor Leaderboard: Key player capability and capacity assessment for 17 Smart Building technology vendors, via the Competitor Leaderboard, featuring smart building market size for major players in the smart building solutions industry.

• ABB Ltd
• Avnet
• Bosch
• Carrier Global Corporation
• Cisco Systems, Inc
• Delta Controls
• Hitachi
• Honeywell International Inc
• Huawei
• IBM
• Intel
• Johnson Controls International PLC
• Legrand
• Schneider Electric SE
• Siemens AG
• Telit Cinterion
• Verdigris Technologies, Inc

Research Deliverables

• Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.