Intelligent Building Automation Technologies Market Size Worth USD 125.74 Billion in 2028

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Intelligent Building Automation Technologies
Market Size Worth USD 125.74 Billion in 2028
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Rising need for improvement of security and
safety in intelligent buildings is driving market
revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global Intelligent Building Automation
Technologies (IBAT) market size is expected to
reach USD 125.74 Billion in 2028 and register a
revenue CAGR of 7.1 over the forecast period,
according to the latest report by Emergen. Rising
need for improvement of security and safety in
intelligent buildings is driving intelligent
building automation technologies market revenue
growth. IBAT accentuates a multidisciplinary
effort to integrate and optimize the building
structures, systems, services, and management in
order to create a cost effective and
environment-friendly product for the occupants.
It provides a flexible, effective, comfortable
and secure environment to the owner, operator,
and occupant. It offers different kind of smart
technologies to ensure the users safety and
convenience such as functionality checks and
detector service for fire and life safety,
utility monitoring (electricity/water/gas/oil)
for preventing accidents, lighting back-up
generation, and others. IBAT is experiencing high
demand in international market owing to this. .
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Market Summary
Key Highlights From The Report In June 2021,
Azbil Corporation announced development of new
digital solutions utilizing Artificial
Intelligence (AI) and big data. The company is
receiving the support of Singapore Economic
Development Board (EDB) to boost growth of smart
city projects in Singapore. This project is
expected to drive IBAT market revenue growth in
Singapore. Hardware segment accounted for a
significantly large revenue share in 2020 owing
to increasing demand for various hardware
equipment, such as actuators, sensors,
controllers, and others. Multi-layered smart
hardware solutions ensure high quality of service
and cost-reduction by reducing energy
consumption. It also helps in managing Heating,
Ventilation and Air-Conditioning (HVAC) systems
through automated control. Commercial segment
registered a significantly large revenue share in
2020 owing to rapid adoption of IBAT solutions in
large commercial sites. Demand for IBAT systems
is growing rapidly among various sites, including
industrial zones, shopping malls, offices, and
seaports owing to its cost and energy efficiency.
Moreover, deployment of intelligent building
solution in such commercial areas help in
improving spatial management and overall
maintenance. Security systems segment accounted
for largest revenue share in 2020 owing to
continuous advancement of security system
products, such as building and elevator access
control, and closed-circuit televisions (CCTVs).
This helps in reducing the risk of damage or loss
of property. The market in North America
accounted for highest revenue growth in 2020
owing to increasing deployment of smart building
technologies for commercial as well as
residential use. Various benefits associated with
smart building technologies are boosting market
demand in this region. Request Free Sample Copy_at_
https//www.emergenresearch.com/request-sample/966

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Market Summary
Emergen Research has segmented global intelligent
building automation technologies market on the
basis of type, product, application, and
region Type Outlook (Revenue, USD Million,
20182028) Hardware Software Service Product
(Revenue, USD Million, 20182028) Facility
Management Systems Security Systems Life Safety
Systems Building Energy Management
Systems Application Outlook (Revenue, USD
Million, 20182028) Residential Commercial Industr
ial Read More_at_ https//www.emergenresearch.com/ind
ustry-report/intelligent-building-automation-techn
ologies-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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