Intelligent Building Market - Rising Wave of Smart Cities

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Intelligent Building Market
Global Opportunity Analysis and Industry
Forecast, 2017-2023
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INTRODUCTION
Intelligent Building Market by Component, Type,
and End User Global Opportunity Analysis and
Industry Forecast, 2017 2024. Global
Intelligent Building Market was valued at 12,371
million in 2017, and is projected to reach at
42,649 million by 2024, growing at a CAGR of
19.6 from 2018 to 2024. Rise in need for new
energy efficient interventions, increased market
for Building automation and control systems,
supportive industry standards and regulations
toward smart buildings, and extensive IoT
penetration in building management systems drive
the growth of the global intelligent building
market. However, high initial investment and
complex interoperability between various systems
and devices deployed for managing infrastructure
hampers the intelligent building market growth.
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Intelligent Building Market
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An Intelligent Building Market is the
integration of building, technology, and energy
systems. Building automation systems include
building automation, life safety,
telecommunications, user systems, and facility
management systems. Intelligent buildings
deliver actionable information about a building
or space inside a building to permit the building
owner or occupant to manage the building or
space. Based on type, the intelligent security
system segment led the intelligent building
market in 2017 and is projected to maintain its
dominance in the future. However, the building
energy management system segment is expected to
witness the highest growth, owing to its
increased adoption due to different initiatives
taken by countries to reduce the carbon emission
and for energy conservation. Europe generated
the highest revenue in 2017 however, the
Asia-Pacific segment is anticipated to witness
the fastest growth registering a CAGR of 23.2
during the forecast period.
OVERVIEW
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• The services segment is expected to exhibit
  significant increase in the global intelligent
  building market during the forecast period.
• Based on type, the intelligent security system
  segment generated the highest revenue in 2017.
• In 2017, the commercial segment accounted for the
  highest revenue among the other end user.
• Europe generated the highest revenue in 2017.
• Asia-Pacific is projected to exhibit substantial
  growth during the forecast period.

Key Findings
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Global Intelligent Building Market by Type
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This study includes the analytical
depiction of the global intelligent building
market along with current trends and future
estimations to determine the imminent investment
pockets. The report presents information related
to key drivers, restraints, and
opportunities. The current market is
quantitatively analyzed from 2017 to 2024 to
highlight the financial competency of the
industry. Porters Five Forces analysis
illustrates the potency of buyers suppliers in
the global intelligent building industry. Top
impacting factors Increased need for energy
efficiency, standards, and regulations of the
supportive industry, and development in the
market for smart cities driving the global
intelligent evacuation system market share.
However, high initial investment is expected to
hamper the market growth during the forecast
period. Need More Information Enquire
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Key Benefits and Top impacting factors
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