The Connected Building Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Connected Building Market?
The market size of the connected building sector has seen fast expansion in the past few years. This market is projected to increase from a value of $79.63 billion in 2024 to $88.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Connected Building Industry?
The Connected Building Global Market is predicted to expand to a size of $131.67 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 10.5%.
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What are the Key Growth Drivers Fueling the Connected Building Market?
The key drivers in the connected building market are:
• Rising demand for energy efficiency
• Increasing government regulations and sustainability initiatives
• Expansion of 5G and edge computing
• Growing need for enhanced security and access control
Global Market Segmentation: Identifying Major Connected Building Industry Segments
The connected building market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Technology Platform: Internet Of Things (IoT), Mobile Applications, Artificial Intelligence And Machine Learning, Big Data Analytics, Edge Computing Technologies
2) By Deployment Type: On-Premises Solutions, Cloud-Based Solutions, Hybrid Solutions
4) By End-User: Manufacturing, IT And Telecom, Banking, Financial Services, And Insurance (BFSI), Healthcare, Residential, Other End-Users
Subsegments:
1) By Solutions: Energy Management Solutions, Lighting Control Systems, HVAC Management Solutions, Security And Access Control Systems, Building Automation Platforms, Data Analytics And IoT Solutions, Smart Metering Solutions, Fire And Life Safety Solutions, Network Management Solutions
2) By Services: Consulting Services, Deployment And Integration Services, Managed Services, Support And Maintenance Services, Training And Education Services, Professional Services, Cloud-Based Services
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What are the emerging Trends Shaping the Future of the Connected Building Market?
The key trends in the connected building market are:
• The integration of Internet of Things (IoT) and Artificial Intelligence (AI) is shaping the future of the connected building market.
• The development of smart HVAC (Heating, Ventilation, and Air Conditioning) and lighting solutions is an emerging trend.
• Secure data management using blockchain technology is becoming increasingly popular in this market.
• The integration of digital twins for real-time monitoring is a significant upcoming trend.
Who Are the Top Competitors & Leading Players in the Connected Building Market?
Major players in the connected building market are:
• Microsoft Corporation
• Amazon Web Services (AWS)
• Huawei Technologies Co Ltd
• Hitachi Ltd
• Siemens AG
• Intel Corporation
• IBM Corporation
• Cisco Systems Inc
• Schneider Electric
• Honeywell International Inc
• Mitsubishi Electric
• ABB Ltd
• Johnson Controls
• Eaton Corporation
• Delta Electronics Inc
• Legrand
• Rockwell Automation
• Advantech Co Ltd
• Bosch Building Technologies
• Lutron Electronics
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the connected building market in 2024
