London, UK -- (SBWire) -- 04/12/2018 --According to Research for Markets, the Global Smart Building market is expected to grow from $8.49 billion in 2016 to reach $57.81 billion by 2023 with a CAGR of 31.5%. Factors such as increasing adoption of energy saving technologies, growing safety and security concerns are the fueling the market growth. Moreover, rapid urbanization in emerging countries is one of the major factors boosting the market growth. However, expensive set up costs, lack of skilled labour are the constraints limiting the market growth.

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By type, services segment is expected to grow at the highest rate owing to implementation of new and intelligent automation technologies by service providers for the effective maintenance of buildings which reduces the costs. The services include managed and professional services which are offered by various vendors in the market. Geographically, Europe accounts for the largest market share owing to development of initiatives by various governments in building smart and creative structures. In addition, the rising adoption of security solutions and energy management has led to the growth of the market in the European regions.

Some of the key players in the Smart Building market include Honeywell International, Siemens, Cisco, Johnson Controls, IBM, General Electric, Hitachi, Schneider Electric, ABB, Buildingiq, Accenture, Legrand, Ingersoll Rand Security Technologies, United Technologies Corporation and Delta Controls.

Building Types Covered:
- Commercial Buildings
- Government & Public Infrastructure Facilities
- Residential Buildings
- University, School, & Hospital Buildings
- Manufacturing Facilities
- Other Building Types

Types Covered:
- Services
- Building Automation Software

Regions Covered:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Table of Content
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes

5 Global Smart Building Market, By Building Type
5.1 Introduction
5.2 Commercial Buildings
5.3 Government & Public Infrastructure Facilities

6 Global Smart Building Market, By Type
6.1 Introduction
6.2 Services
6.3 Building Automation Software

7 Global Smart Building Market, By Geography
7.1 Introduction
7.3 Europe
7.4 Asia Pacific
7.5 South America
7.6 Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch

9 Company Profiling
9.1 Honeywell International
9.2 Siemens
9.3 Cisco
9.4 Johnson Controls
9.5 IBM
9.6 General Electric
9.7 Hitachi
9.8 Schneider Electric
9.9 ABB
9.10 Buildingiq
9.11 Accenture
9.12 Legrand
9.13 Ingersoll Rand Security Technologies
9.14 United Technologies Corporation
9.15 Delta Controls

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