Connected Building Market Overview
Maximize Market Research, a prominent international business consultancy firm catering to large and medium-sized enterprises worldwide has recently released its highly anticipated "Connected Building Market" Report. With a global presence, the company serves clients in over 34 countries.
According to the research analyst's insights from the report, the Asia Pacific region holds tremendous potential as a lucrative opportunity for the Connected Building market and its component manufacturers over the next decade. Remarkably, the market has exhibited resilience and an upward trend even in the face of an economic slowdown, as analyzed post the Covid lockdown period. The report has explored the prosperous prospects and valuable opportunities presented by the Asia Pacific region in the Connected Building market for the coming years.
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Connected Building Market was valued at US$ 1.34 Bn. in 2022. The Global Connected Building Market size is estimated to grow at a CAGR of 10.9% over the forecast period.
Connected Building Market Scope
Between 2022 and 2030, experts predict a steady rise in the Connected Building market. Leading industry players are anticipated to aggressively bolster the sector's growth. The market analysis report encompasses import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits. It also scrutinizes manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer. The report covers countries like the USA, Canada, Mexico, Germany, France, the UK, Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
Dynamics of the Connected Building Market:
Connected buildings are more successful in three key areas where they collaborate to generate possibilities for proficiency. The first is people-based efficiency, in which occupants engage with the structures they live in on a daily basis. Operations, finance, and sustainability departments may access the building technologies and staff they rely on on a daily basis through Connected Buildings. They may now plan for, manage, and interact with residents in the buildings. Technology-based efficiency, or how little energy is needed to power these cutting-edge devices, is the second component.
Connected Building Market Segmentation
by Product
Device
Connectivity
Application management
The Connected Building Market is divided into Device, Connectivity, and Application Management segments based on the Platform. In 2022, the segment with the largest market share was connectivity. Connectivity presents a huge potential with many benefits for both established infrastructure corporations and emerging tech-focused players, but they need to move fast. In the connected-building industry, a lot of players are already vying for supremacy, so those that fall behind could never catch up. By 2029, connectivity is predicted to provide over $26 billion yearly to the building-controls sector, offering building infrastructure players a substantial potential.
by Service
Business Process Management
Customer Engagement
Maintenance and Support
Deployment and Integration Services
The business process management, customer engagement, maintenance & support, and deployment & integration services segments make up the connected building market. In 2022, the segment with the largest market share was business process management. Businesses can prevent the expenses and harm that come with noncompliance by implementing a BPM system. One useful aspect is having a single location for all compliance documentation. Compliance is a new trend in the realm of compliance that is growing as part of the continuous process of enhancing business operations.
by end-user
Manufacturing
IT & Telecom
BFSI
Healthcare
Residential
Others
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Key Players
1. Rockwell Automation, Inc.
2. Jacobs
3. Tech Mahindra Limited
4. Infosys Limited
5. Capgemini Service SAS
6. Fujitsu
7. Bain & Company
8. General Electric
9. Constellation Research Inc.
10. Enghouse Interactive
11. CBT Company
12. Wipro Limited
13. Bosch Software Innovations GmbH
14. Intel Corporation
15. IBM Corporation
Table of content for the Connected Building Market includes:
Part 01: Executive Summary
Part 02: Scope of the Connected Building Market Report
Part 03: Global Connected Building Market Landscape
Part 04: Global Connected Building Market Sizing
Part 05: Global Connected Building Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The report provides valuable figures, revenue data, and a comprehensive analysis of the business chain structure, presenting insights into the opportunities and industry news surrounding the Connected Building market. With in-depth coverage of various regions, businesses can gain a profound understanding of the market's dynamics, enabling them to make informed decisions and capitalize on emerging prospects in this dynamic industry.
Key Questions answered in the Connected Building Market Report are:
- What is Connected Building Market?
- What is the forecast period of the Connected Building Market?
- What is the competitive scenario of the Connected Building market?
- Which region held the largest market share in the Connected Building Market?
- What are the opportunities for the Connected Building Market?
- What are the restraining factors in the Connected Building market?
- Who are the key players of the Connected Building market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Connected Building
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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