Global Smart Buildings Market Analysis 2020-2025: Key to Success is Intelligent Integration of Data, Systems, Processes and Assets

Dublin, June 16, 2020 (GLOBE NEWSWIRE) — The “Smart Buildings Market by Technology (AI, IoT, Indoor Wireless), Infrastructure, Solutions (AssetTracking, Data Analytics, IWMS), and Regions 2020 – 2025” report has been added to ResearchAndMarkets.com’s offering.
Collectively speaking, residential dwellings, offices, educational campuses, indoor recreation, and public service facilities are where people in the developed world spend up to to 90% of their time. As urbanization leads to increasingly smarter cities, buildings are an integral part of a city’s ecosystem and are increasingly shaping both the standard of living and quality of life of inhabitants. Intelligent buildings lead to improved economics for both owners and users as well as improved satisfaction, safety, and wellbeing of occupants.Leading companies within the commercial real estate sector are realizing tangible benefits by leveraging smart buildings market solutions as owners are able to charge higher fees for technology-enabled intelligent buildings. Accordingly, over 75% of new construction will involve at least one facet of IoT and/or related smart buildings market-related technologies over the course of the next five years. However, it is important to note that roughly 85% of legacy buildings in developed economies have issues that will require substantial retrofitting. The author sees this statistic improving over time, but remains a major head-wind in terms of capital investment for the smart buildings market.Report Benefits:Smart buildings market sizing from 2020 to 2025Market sizing for edge computing in the smart buildings marketIdentify smart buildings market challenges and opportunitiesUnderstand the smart buildings marketplace including players and solutionsIdentify how key technologies such as AI and IoT support intelligent structuresIdentify how integrated workplace management systems support smart buildingsSelect Report Findings:Smart building automation software and systems will reach $20.5B in North America by 2027AI-enabled IoT (AIoT) systems will drive IWMS efficiencies and automation to an entirely new level by 2026Smart facility water management systems will represent an $850M market opportunity in Europe by 2027The post-COVID19 world will challenge building operations management in terms of public health complianceLife cycle cost management for facilities is becoming a key factor in building selection for corporate giants such as AmazonLeading solution providers such as IBM are changing the smart building landscape through a multi-dimensional approach to investment ROIThe key to success in the smart building market is to intelligently integrate data, systems, processes, and assets for enterprise and industrial operationsKey Topics Covered:
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