Smart Building Market Revenue Forecast: Growth, Share, Value, Size, and Insights

Business Apr 25, 2025 35 Add to Reading List

"Smart Building Market Size, Share, and Trends Analysis Report—Industry Overview and Forecast to 2031

According to Data Bridge Market Research firms, the Intelligent Building Market is set to achieve robust growth, supported by emerging economies and digital transformation. Companies operating in the IoT-Enabled Building Market are leveraging advanced technologies to enhance productivity and meet consumer expectations. The demand for customized solutions is rising, further driving expansion in the Automated Building Solutions Market. Leading industry players are focusing on research-backed strategies to strengthen their market position. As competition intensifies, businesses in the AI-Driven Infrastructure Market are utilizing detailed market research reports to understand shifting trends, consumer behavior, and future opportunities in the Connected Building Market.

The Smart Building Market is poised for significant growth, with a market outlook highlighting substantial growth potential driven by emerging opportunities in key sectors. This report provides strategic insights, demand dynamics, and revenue projections, offering a comprehensive view of the future landscape, technology disruptions, and adoption trends shaping the industry’s ecosystem evaluation. According to Data Bridge Market Research The global Smart Building market size was valued at USD 106.29 billion in 2023 and is projected to reach USD 488.41 billion by 2031, with a CAGR of 21.00% during the forecast period of 2024 to 2031.

Leading market research reports highlight the growing use of advanced solutions in the Energy-Efficient Building Market to improve efficiency and sustainability. Businesses are adapting to regulations, integrating technology, and refining their strategies to stay competitive in the Sustainable Smart Building Market. The rise of digital transformation has reshaped the Building Automation Market, pushing companies to invest in automation and smarter business models. With demand rising, companies in the Sensor-Integrated Building Market are focusing on innovation and customer engagement to stand out. As the industry expands, the Digital Infrastructure Market presents endless possibilities for businesses ready to embrace change.

Our comprehensive Smart Building Market report is ready with the latest trends, growth opportunities, and strategic analysis. https://www.databridgemarketresearch.com/reports/global-smart-building-market

**Segments**

- By Component: The Smart Building market can be segmented based on components into solutions and services. Solutions include security systems, building energy management systems, infrastructure management systems, network management systems, and others. Services comprise professional services and managed services.
- By Building Type: This sector is categorized into commercial buildings, residential buildings, industrial buildings, government buildings, and others. Commercial buildings are expected to dominate the market share due to the increasing demand for energy-efficient systems and technologies in offices, retail spaces, and healthcare facilities.
- By Application: The market is further segmented based on applications such as residential, commercial, industrial, and others. The commercial segment is anticipated to witness significant growth owing to the rising adoption of smart building solutions in shopping complexes, airport terminals, and corporate offices to enhance operational efficiency and occupant comfort.

**Market Players**

- Siemens AG: Siemens is a prominent player in the smart building market, offering a wide range of solutions such as smart HVAC systems, fire safety systems, and building automation technologies.
- Honeywell International Inc.: Honeywell is another key player known for its integrated building management systems, security solutions, and energy management products tailored for smart buildings.
- Schneider Electric SE: Schneider Electric provides innovative smart building solutions including smart lighting systems, energy monitoring platforms, and integrated building management software.
- Johnson Controls International plc: Johnson Controls offers advanced building automation systems, security solutions, and HVAC controls designed to optimize building performance and energy efficiency.
- IBM Corporation: IBM specializes in providing cognitive building management systems, predictive maintenance solutions, and IoT-enabled platforms for smart buildings.

The global Smart Building market is witnessing substantial growth due to the increasing adoption of IoT technologies, rising focus on energy efficiency, and a growing demand for integrated building management systems across various industries. Factors such as government initiatives to promote smart infrastructure and the need for sustainable building solutions are driving market expansion. Key players are focusing on strategic collaborations, product innovations, and expanding their market presence to gain a competitive edge in theThe global smart building market is experiencing significant growth driven by the increasing adoption of IoT technologies and the growing emphasis on energy efficiency across diverse industries. The demand for integrated building management systems is on the rise as organizations seek to enhance operational efficiency, reduce costs, and improve occupant comfort. The market is characterized by key players such as Siemens AG, Honeywell International Inc., Schneider Electric SE, Johnson Controls International plc, and IBM Corporation, who offer a wide range of smart building solutions.

Siemens AG is recognized for its comprehensive portfolio of smart building solutions, including smart HVAC systems, fire safety systems, and building automation technologies. Honeywell International Inc. is a major player known for its integrated building management systems, security solutions, and energy management products tailored for smart buildings. Schneider Electric SE provides innovative solutions such as smart lighting systems, energy monitoring platforms, and integrated building management software, catering to the evolving needs of the market. Johnson Controls International plc offers advanced building automation systems, security solutions, and HVAC controls aimed at optimizing building performance and energy efficiency. IBM Corporation specializes in cognitive building management systems, predictive maintenance solutions, and IoT-enabled platforms designed to drive smart building transformation.

The smart building market is propelled by a range of factors including government initiatives promoting smart infrastructure, the rising focus on sustainable building solutions, and the need for enhanced operational efficiency. The integration of IoT technologies enables building operators to collect and analyze real-time data, leading to improved decision-making and increased energy savings. Additionally, the emphasis on creating smarter, safer, and more sustainable environments is fostering the adoption of smart building solutions across residential, commercial, and industrial sectors.

Market players are actively engaged in strategic collaborations, product innovations, and expanding their market presence to gain a competitive advantage in the rapidly evolving smart building landscape. With the increasing convergence of physical infrastructure and digital technologies, smart building solutions are becoming essential for organizations looking to enhance their building performance, reduce operational costs, and create more efficient and sustainable environments. The smart building market is poised for continued**Market Players**
Honeywell International Inc. (U.S.)
Johnson Controls Inc. (U.S.)
Cisco Systems Inc. (U.S.)
Siemens (Germany)
IBM (U.S.)
Schneider Electric (France)
Intel Corporation (U.S.)
Huawei Technologies Co. Ltd. (China)
ABB (Switzerland)
L&T Technology Services Limited (India)
75F (U.S.)
Telit Cinterion (U.K.)
PointGrab (Israel)
Spacewell International (Belgium)
PTC (U.S.)
Avnet Inc. (U.S.)
Softdel (India)
HCL Technologies Limited (India)

The global smart building market is on a growth trajectory driven by the increasing adoption of IoT technologies and the growing emphasis on energy efficiency in various industries. With the demand for integrated building management systems rising to improve operational efficiency and occupant comfort, key players like Siemens AG, Honeywell International Inc., and Schneider Electric SE are at the forefront of providing innovative solutions tailored for smart buildings. Factors such as government initiatives promoting smart infrastructure and the push for sustainable building solutions further fuel market expansion. This market dynamic creates opportunities for collaboration, product innovation, and strategic expansions among industry players seeking a competitive edge.

The integration of IoT technologies in smart building solutions enables efficient data collection and real-time analysis, empowering building operators to make informed decisions leading to improved energy savings. Organizations across residential, commercial

The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Smart Building Market : https://www.databridgemarketresearch.com/reports/global-smart-building-market/companies

Key Questions Answered by the Global Smart Building Market Report:

How will the increasing adoption of Smart Building Market in high-performance computing impact the overall market growth?
How much is the global Smart Building Market worth? What was the market value in 2024?
Who are the major players operating in the Smart Building Market? Which companies are the front runners?
Which recent industry trends can be implemented to generate additional revenue streams?
How will AI, IoT, and 5G advancements influence the Smart Building Market in the next five years?
What are the key drivers fueling the growth of the Smart Building Market?
What are the major challenges and barriers faced by the Smart Building Market?
How is technological innovation shaping the future of Smart Building Market products?
What is the impact of government regulations and policies on the Smart Building Market?
How do supply chain disruptions affect the Smart Building Market?
What are the regional differences in demand for Smart Building Market products?
How do revenue streams vary across different sectors of the Smart Building Market?
What role does technology play in enhancing growth and efficiency in the Smart Building Market?