Intelligent buildings market catalysed by competitive forces

Northbrook, Il (USA)

The latest predicted figures on the intelligent building automation technologies market show a total global revenue of USD 152.4 billion by 2028 from USD 90.2 billion in 2023, at a CAGR of 11.0% during 2023–2028.

The competitive landscape and the existence of a robust vendor ecosystem play a pivotal role in propelling innovation and development within the intelligent building automation market. The dynamic competition among technology providers fosters a continuous push for advancements, driving the evolution of more sophisticated and cost-effective solutions.

According to report authors, analysts at Marketandmarkets, as vendors vie for market share, customers are benefitting from a diverse array of options, leading to an accelerated pace of innovation and a broader range of choices. As a result the competitive forces within the intelligent building automation market are catalysing continuous improvement, ensuring that the sector remains at the forefront of technological advancements while fostering sustained market growth.

Continuous stream of innovative breakthroughs

Advancements, such as smart card systems, biometric recognition, and mobile access solutions, introduce secure and user-friendly methods for building access management. These continuous breakthroughs not only elevate security measures through multi-layered authentication but also align with the evolving preferences of modern organisations. Smart card systems streamline entry with efficiency; biometric recognition adds a precision layer for authorised access, and mobile access solutions contribute to user convenience, allowing smartphones to function as digital keys. This convergence of heightened security and enhanced convenience caters to the contemporary demands of workplaces, fostering widespread adoption of intelligent building automation technologies and fueling the overall growth of the security and access systems market.

Heightened safety in the workplace

The role of intelligent building automation technologies in enhancing worker safety is a paramount factor driving their growth in the industrial segment. These technologies incorporate a range of features designed to mitigate risks and create safer working conditions within industrial environments. Access controls limit unauthorised access to hazardous areas, ensuring that only qualified personnel enter specific zones. By integrating these safety-enhancing features, intelligent building automation technologies not only mitigate risks associated with industrial operations but also address regulatory compliance requirements. The focus on creating safer work environments aligns with industry priorities and regulations, making the adoption of intelligent building automation technologies a fundamental driver for growth in the industrial segment.

Large scale implementation in Asia Pacific

Large-scale infrastructure development projects in the Asia Pacific region, encompassing airports, transportation hubs, and commercial complexes, serve as fertile grounds for the integration and growth of intelligent building automation technologies. These ambitious projects, often emblematic of economic development and urbanization, present unique opportunities to implement cutting-edge automation systems right from the project's inception.

The integration of intelligent building technologies in these large-scale initiatives not only enhances operational efficiency and occupant experience but also reinforces the region's position at the forefront of technological innovation and smart urban development. As Asia Pacific continues to witness substantial investments in infrastructure, the momentum for adopting intelligent building automation technologies is poised to accelerate, driving the region towards more sustainable and technologically advanced built environments.

Major players

The major vendors covered in the intelligent building automation technologies market, and named within the research are companies such as Honeywell, Johnson Controls, Siemens, Schneider, ABB, Eaton Trane, Carrier, Rockwell, Azbil, Ingersoll Rand, Emerson, Bosch, Hubbell, Lutron, and Cisco, for example.


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