Smart Building Market Overview

The global smart building market size was valued at USD 93.12 billion in 2024 and is projected to reach from USD 101.25 billion in 2025 to USD 197.79 billion by 2033, growing at a CAGR of 8.73% during the forecast period (2025-2033).

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Smart Building Market Report Scope and Research Methodology

This report provides both qualitative and quantitative insights, ensuring reliability, transparency, and depth of analysis. The scope defines the boundaries and categories of the market, enabling a clear understanding of its structure and dynamics.

The study evaluates market size and forecasts by analyzing key segments and sub-segments. It also explores drivers, restraints, and opportunities—including cost optimization, government initiatives, sustainability concerns, and ongoing technological innovations. Furthermore, the report examines competitive positioning, investment patterns, and regulatory influences shaping industry development.

Smart Building Market Regional Insights

The regional assessment covers North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region is analyzed in terms of market share, growth trends, trade flows, and investment potential. By examining factors such as demand patterns, industry performance, and policy support, the report offers a comprehensive outlook on how the market evolves across diverse geographies.

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Smart Building Market Segmentation

1. By Component
   1. Software
   2. Hardware
   3. Service
      1. Consulting
      2. Implementation
      3. Support & Maintenance
2. By End-User
   1. Commercial
      1. Hotel
      2. Healthcare
      3. Retail
      4. Corporate Offices
      5. Others (Apartments, Condos)
   2. Residential
   3. Industrial
3. By Solution
   1. Safety & Security Management
      1. Access Control System
      2. Video Surveillance System
      3. Fire and Life Safety System
   2. Energy Management
      1. HVAC Control System
      2. Lighting Management System
      3. Others (Data Management, Asset Performance Optimization, and Application Platform)
   3. Building Infrastructure Management
      1. Parking Management System
      2. Water Management System
      3. Others (Elevators and Escalators Management and Waste Management)
   4. Integrated Workplace Management System (IWMS)
      1. Real Estate Management
      2. Capital Project Management
      3. Facility Management
      4. Operations and Services Management
      5. Environment and Energy Management
   5. Network Management
      1. Wired Technology
      2. Wireless Technology

Smart Building Market Key Players

1. ABB
2. Siemens AG
3. Honeywell International Inc.
4. Schneider Electric
5. Cisco Systems Inc.
6. United Technologies
7. International Business Machines Corporation
8. BuildingIQ
9. Echelon Corporation
10. Hitachi Ltd.
11. Panasonic Corporation
12. Delta Controls
13. Johnson Controls
14. Legrand

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Key questions answered in the Smart Building Market are:

1. How big is the Smart Building market?
2. What is the expected size of Smart Building market?
3. How much is the global Smart Building market worth?
4. What is the Smart Building market growth?
5. Which segment accounted for the largest Smart Building market share?
6. What are the key Smart Building market segments?
7. What was the value of the Smart Building market in North America in 2024?
8. Which region held the largest share of the market?
9. What are the factors driving the Smart Building market?
10. What are the leading key players in the Smart Building market?
11. Who are the key players in Smart Building market?

About Straits Research:

Straits Research delivers in-depth market intelligence and actionable insights across multiple industries. Our reports are designed to guide decision-makers, investors, and businesses in identifying growth opportunities, navigating challenges, and developing effective strategies for sustainable success.