Global Smart Facility Management Market by Component (Software, Sensors and Surveillance Component, and Services), Service (Professional Services and Managed Services), Type (Energy Management, Infrastructure Management, Property Management, and Security), and Region (North America, Europe, APAC, Middle East Africa, and Latin America) – Forecast up to 2025
- June, 2019
- Domain: ICT - Social, Mobile, Analytics & Cloud (SMAC),smart technologies,industrial
Pages:
88
Tables:
86
Charts:
42
Regions/Countries:
5 / 13
Companies:
10
Enquiry Hours:
10
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[88 Report Pages] This market research report includes a detailed segmentation of the global smart facility management market by component (software, sensors and surveillance component, and services), type (energy management, infrastructure management, property management, and security), service (professional services and managed services), and region (North America, Europe, APAC, Middle East Africa, and Latin America). The market research report identifies Schneider Electric, IBM, Siemens, Johnson Controls, and Honeywell as the market leaders operating in the global smart facility management market.
Overview of the Smart Facility and Intelligent Building Market
Infoholic’s market research report predicts that the global smart facility management market will grow at a CAGR of 18.0% during the forecast period 2019–2025. The market for smart facilities is primarily driven by the increasing demand for energy-efficient buildings among commercial constructions. The integration of smart building features with BAS or BMS and the lack of interest among facility owners to implement smart facility components are restricting the growth of the smart facility management market.
Smart facility management helps the enterprises to monitor and maintain the overall functioning of the building infrastructure with quick response to any system failure. Globally, enterprises are continuously focusing on a sustainable model for facilities to reduce the carbon footprint of their organization.
According to our smart facility management analysis, Europe accounts for the largest market share in 2019. With the presence of the highest number of technology innovators and market disruptors in this region, the adoption of smart facility management solutions is highest in Europe. Several enterprises in this region are focusing on enhancing the employee experience inside the facility and hence improve productivity. Asia Pacific is anticipated to witness the fastest growth rate due to increasing construction activities, pushing the smart facility management market growth, especially in India, China, Indonesia, and Australia.
Smart Facility Market Research Competitive Analysis and Key Vendors
The report covers and analyzes the smart facility management market. Major vendors across different verticals are planning for high investments in product development, and as a result, the smart facility management market is expected to grow at an impressive rate in the coming years. The key players in the market are adopting various organic as well as inorganic growth strategies, i.e., mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies to be in a strong position in the market.
Few of the Key Vendors in the Smart Facility Management Market:
- Schneider Electric
- IBM
- Siemens
- Johnson Controls
- Honeywell
These companies are striving in the market sphere by acquiring clients across verticals, ranging from hospitality and food & beverages to IT and ITeS. For instance, Hilton Garden Inn, a hotel chain in Dubai, adopted Schneider Electric EcoStruxture Building Solution that integrates BMS, guest room management system, and property management system, providing optimal automation and efficiency with insights of room conditions and remote troubleshooting. Ritter Sport implemented Siemens new energy management system, and the company is focused on reducing its energy consumption by an additional 1.5% each year. The system integrates data from production systems with the building management systems to provide a holistic energy management system.
There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.
Smart FaciltyManagement Market Research By Component
- Software
- Sensors and Surveillance Component
- Services
The software segment is expected to grow at the highest rate during the forecast period 2019–2025.
Smart Facility Management Market Research By Service
- Professional Services
- Managed Services
The managed services segment is estimated to hold the largest market share in 2019, and this trend is likely to continue during the forecast period 2019–2025.
Smart Facility Management Market Research By Type
- Energy Management
- Infrastructure Management
- Property Management
- Security
The infrastructure management segment is projected to grow at the highest rate for driving better building experience, scheduled predictive maintenance, and monitoring.
Smart Facility Management Market Research Benefits
The report provides an in-depth analysis of the smart facility management market. Smart facility management combines various technologies of analytics, mobility, cloud, automation, and alarm systems to offer multiple innovative intelligent features in the facilities. By analyzing various energy-saving areas, intelligent features, and automated controls, smart facility management is expected to provide next-generation building experience. Vendors are focusing on reducing electricity bills, quick notifications to technicians for repairment, space management, and centralized control of buildings. For building a long-lasting and better management in case of hazards and natural calamities, facilities are looking to adopt smart facility management solutions. The report discusses the market in terms of component, type, and region. Furthermore, the report provides details about the major challenges impacting the market growth.
1 Executive Summary
2 Industry Outlook
2.1 Industry Overview
2.2 Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.3 PEST Analysis
3.4 Porter 5 (Five) Forces
3.5 Related Markets
4 Market Characteristics
4.1 Evolution
4.2 Market Trends and Impact
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Drivers
4.4.1.1 Increased use of data-enabled decision-making
4.4.1.2 Better connectivity and collaborative workplace
4.4.1.3 Automation of building maintenance systems and energy management
4.4.2 Restraints
4.4.2.1 Changing regulatory and compliance scenario
4.4.2.2 Cost concerns in implementation
4.4.2.3 Technical disruptions in building management and automation
4.4.3 Opportunities
4.4.3.1 Enhancement in security monitoring of buildings
4.4.3.2 Tracking of Assets
4.4.4 DRO – Impact Analysis
5 Component: Market Size & Analysis
5.1 Overview
5.2 Software
5.3 Sensors and Surveillance Component
5.4 Services
5.4.1 Professional Services
5.4.2 Managed Services
6 Type: Market Size & Analysis
6.1 Energy Management
6.2 Infrastructure Management
6.3 Property Management
6.4 Security
7 Region: Market Size & Analysis
7.1 Overview
7.1.1 Market Size and Analysis
7.2 North America
7.2.1 North America Smart Facility Management Market Revenue by Component
7.2.2 North America Smart Facility Management Market Revenue by Services
7.2.3 North America Smart Facility Management Market Revenue by Type
7.2.4 US
7.2.5 Canada
7.3 Europe
7.3.1 Europe Smart Facility Management Market Revenue by Component
7.3.2 Europe Smart Facility Management Market Revenue by Services
7.3.3 Europe Smart Facility Management Market Revenue by Type
7.3.4 UK
7.3.5 Germany
7.3.6 France
7.3.7 Rest of Europe
7.4 Asia Pacific
7.4.1 Asia Pacific Smart Facility Management Market Revenue by Component
7.4.2 Asia Pacific Smart Facility Management Market Revenue by Services
7.4.3 Asia Pacific Smart Facility Management Market Revenue by Type
7.4.4 China
7.4.5 Australia
7.4.6 Japan
7.4.7 India
7.4.8 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 Middle East Africa Smart Facility Management Market Revenue by Component
7.5.2 Middle East Africa Smart Facility Management Market Revenue by Services
7.5.3 Middle East Smart Facility Management Market Revenue by Type
7.5.4 South Africa
7.5.5 UAE
7.5.6 Rest of Middle East Africa
7.6 Latin America
7.6.1 Latin America Smart Facility Management Market Revenue by Component
7.6.2 Latin America Smart Facility Management Market Revenue by Services
7.6.3 Latin America Smart Facility Management Market Revenue by Type
7.6.4 Brazil
7.6.5 Mexico
8 Competitive Landscape
8.1 Competitive Comparison Analysis
8.2 Product Offerings
8.3 Market Developments
8.3.1 Partnerships, Mergers and Acquisitions
8.3.2 Product Launches & Exhibitions
9 Vendor Profiles
9.1 Schneider Electric SE
9.1.1 Analyst Opinion
9.1.2 Business Analysis
9.2 IBM Corp.
9.2.1 Analyst Opinion
9.2.2 Business Analysis
9.3 Siemens AG
9.3.1 Analyst Opinion
9.3.2 Business Analysis
9.4 Johnson Controls International PLC
9.4.1 Analyst Opinion
9.4.2 Business Analysis
9.5 Honeywell International Inc
9.5.1 Analyst Opinion
9.5.2 Business Analysis
9.6 Cisco Systems, Inc.
9.6.1 Analyst Opinion
9.6.2 Business Analysis
9.7 ENVIZI
9.7.1 Analyst Opinion
9.7.2 Business Analysis
9.8 BuildingIQ
9.8.1 Analyst Opinion
9.8.2 Business Analysis
9.9 ICONICS, Inc.
9.9.1 Analyst Opinion
9.9.2 Business Analysis
9.10 Yardi Systems, Inc.
9.10.1 Analyst Opinion
9.10.2 Business Analysis
10 Annexure
10.1 Report Scope
10.2 Research Methodology
10.2.1 Data Collation & In-house Estimation
10.2.2 Market Triangulation
10.3 Report Assumptions
10.4 Abbreviations
TABLE 1 GLOBAL SMART FACILITY MANAGEMENT MARKET REVENUE BY COMPONENT, 2018–2025 ($BILLION) 25
TABLE 2 GLOBAL SMART FACILITY MANAGEMENT MARKET GROWTH BY COMPONENT, 2019–2025, (Y-O-Y, %) 25
TABLE 3 SOFTWARE MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 26
TABLE 4 SENSORS AND SURVEILLIANCE MARKET REVENUE BY REGION, 2018–2025 ($MILLION) 27
TABLE 5 GLOBAL SMART FACILITY MANAGEMENT MARKET REVENUE BY SERVICES, 2018–2025 ($BILLION) 28
TABLE 6 GLOBAL SMART FACILITIES MANAGEMENT MARKET GROWTH BY SERVICE, 2019–2025 (Y-O-Y, %) 29
TABLE 7 SERVICES MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 29
TABLE 8 PROFESSIONAL SERVICE MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 30
TABLE 9 MANAGED SERVICES MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 31
TABLE 10 GLOBAL SMART FACILITY MANAGEMENT MARKET REVENUE BY TYPE, 2018–2025 ($BILLION) 33
TABLE 11 GLOBAL SMART FACILITY MANAGEMENT MARKET GROWTH BY TYPE, 2019–2025 (Y-O-Y, %) 33
TABLE 12 ENERGY MANAGEMENT MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 34
TABLE 13 INFRASTRUCTURE MANAGEMENT MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 36
TABLE 14 PROPERTY MANAGEMENT MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 37
TABLE 15 SECURITY MARKET REVENUE BY REGION, 2018–2025 ($BILLION) 38
TABLE 16 GLOBAL SMART FACILITY MANAGEMENT MARKET REVENUE BY REGION, 2019–2025 ($BILLION) 40
TABLE 17 GLOBAL SMART FACILITY MANAGEMENT MARKET GROWTH BY REGION, 2019–2025 (Y-O-Y, %) 41
TABLE 18 NORTH AMERICA SMART FACILITY MANAGEMENT MARKET REVENUE BY COMPONENT, 2018–2025 ($BILLION) 42
TABLE 19 NORTH AMERICA SMART FACILITY MANAGEMENT MARKET REVENUE BY SERVICES, 2018–2025 ($MILLION) 42
TABLE 20 NORTH AMERICA SMART FACILITY MANAGEMENT MARKET REVENUE BY TYPE, 2018–2025 ($BILLION) 43
TABLE 21 EUROPE SMART FACILITY MANAGEMENT MARKET REVENUE BY COMPONENT, 2018–2025 ($BILLION) 46
TABLE 22 EUROPE SMART FACILITY MANAGEMENT MARKET REVENUE BY SERVICES, 2018–2025 ($BILLION) 46
TABLE 23 EUROPE SMART FACILITY MANAGEMENT MARKET REVENUE BY TYPE, 2018–2025 ($BILLION) 47
TABLE 24 ASIA PACIFIC SMART FACILITY MANAGEMENT MARKET REVENUE BY COMPONENT, 2018–2025 ($BILLION) 51
TABLE 25 ASIA PACIFIC SMART FACILITY MANAGEMENT MARKET REVENUE BY SERVICES, 2018–2025 ($BILLION) 51
TABLE 26 ASIA PACIFIC SMART FACILITIES MANAGEMENT MARKET REVENUE BY TYPE, 2018–2025 ($BILLION) 52
TABLE 27 MIDDLE EAST & AFRICA SMART FACILITY MANAGEMENT MARKET REVENUE BY COMPONENT, 2018–2025 ($BILLION) 57
TABLE 28 MIDDLE EAST & AFRICA SMART FACILITY MANAGEMENT MARKET REVENUE BY SERVICES, 2018–2025 ($BILLION) 57
TABLE 29 MIDDLE EAST & AFRICA SMART FACILITY MANAGEMENT MARKET REVENUE BY TYPE, 2018-2025($BILLION) 58
TABLE 30 LATIN AMERICA SMART FACILITY MANAGEMENT MARKET REVENUE BY COMPONENT, 2018–2025 ($BILLION) 61
TABLE 31 LATIN AMERICA SMART FACILITY MANAGEMENT MARKET REVENUE BY SERVICES, 2018–2025 ($BILLION) 61
TABLE 32 LATIN AMERICA SMART FACILITY MANAGEMENT MARKET REVENUE BY TYPE, 2018–2025 ($MILLION) 62
TABLE 33 PRODUCT/OFFERINGS PORTFOLIO ANALYSIS: SMART FACILITY MANAGEMENT MARKET 65
TABLE 34 PARTNERSHIPS, MERGER & ACQUISITION, 2018 & 2019 66
TABLE 35 PRODUCT LAUNCHES & EXPANSIONS, 2017 - 2019 67
TABLE 36 SCHNEIDER ELECTRIC: OVERVIEW 71
TABLE 37 SCHNEIDER ELECTRIC: STRATEGIC SNAPSHOT 72
TABLE 38 SCHNEIDER ELECTRIC: BUSINESS OPPORTUNITIES AND OUTLOOK 72
TABLE 39 SCHNEIDER ELECTRIC: OPERATIONAL SNAPSHOT 72
TABLE 40 SCHNEIDER ELECTRIC: PRODUCT/SERVICE PORTFOLIO 72
TABLE 41 IBM: OVERVIEW 72
TABLE 42 IBM: STRATEGIC SNAPSHOT 73
TABLE 43 IBM: BUSINESS OPPORTUNITIES AND OUTLOOK 73
TABLE 44 IBM: OPERATIONAL SNAPSHOT 73
TABLE 45 IBM: PRODUCT/SERVICE PORTFOLIO 74
TABLE 46 SIEMENS: OVERVIEW 74
TABLE 47 SIEMENS: STRATEGIC SNAPSHOT 75
TABLE 48 SIEMENS: BUSINESS OPPORTUNITIES AND OUTLOOK 75
TABLE 49 SIEMENS: OPERATIONAL SNAPSHOT 75
TABLE 50 SIEMENS: PRODUCT/SERVICE PORTFOLIO 75
TABLE 51 JOHNSON CONTROLS: OVERVIEW 76
TABLE 52 JOHNSON CONTROLS: STRATEGIC SNAPSHOT 76
TABLE 53 JOHNSON CONTROLS: BUSINESS OPPORTUNITIES AND OUTLOOK 77
TABLE 54 JOHNSON CONTROLS: OPERATIONAL SNAPSHOT 77
TABLE 55 JOHNSON CONTROLS: PRODUCT/SERVICE PORTFOLIO 77
TABLE 56 HONEYWELL: OVERVIEW 77
TABLE 57 HONEYWELL: STRATEGIC SNAPSHOT 78
TABLE 58 HONEYWELL: BUSINESS OPPORTUNITIES AND OUTLOOK 78
TABLE 59 HONEYWELL: OPERATIONAL SNAPSHOT 79
TABLE 60 HONEYWELL: PRODUCT/SERVICE PORTFOLIO 79
TABLE 61 CISCO: OVERVIEW 79
TABLE 62 CISCO: STRATEGIC SNAPSHOT 80
TABLE 63 CISCO: BUSINESS OPPORTUNITIES AND OUTLOOK 80
TABLE 64 CISCO: OPERATIONAL SNAPSHOT 80
TABLE 65 CISCO: PRODUCT/SERVICE PORTFOLIO 80
TABLE 66 ENVIZI: OVERVIEW 81
TABLE 67 ENVIZI: STRATEGIC SNAPSHOT 81
TABLE 68 ENVIZI: BUSINESS OPPORTUNITIES AND OUTLOOK 81
TABLE 69 ENVIZI: OPERATIONAL SNAPSHOT 82
TABLE 70 ENVIZI: PRODUCT/SERVICE PORTFOLIO 82
TABLE 71 BUILDINGIQ: OVERVIEW 82
TABLE 72 BUILDINGIQ: STRATEGIC SNAPSHOT 83
TABLE 73 BUILDINGIQ: BUSINESS OPPORTUNITIES AND OUTLOOK 83
TABLE 74 BUILDINGIQ: OPERATIONAL SNAPSHOT 83
TABLE 75 BUILDINGIQ: PRODUCT/SERVICE PORTFOLIO 83
TABLE 76 ICONICS: OVERVIEW 84
TABLE 77 ICONICS: STRATEGIC SNAPSHOT 84
TABLE 78 ICONICS: BUSINESS OPPORTUNITIES AND OUTLOOK 84
TABLE 79 ICONICS: OPERATIONAL SNAPSHOT 84
TABLE 80 ICONICS: PRODUCT/SERVICE PORTFOLIO 85
TABLE 81 YARDI: OVERVIEW 85
TABLE 82 YARDI: STRATEGIC SNAPSHOT 85
TABLE 83 YARDI: BUSINESS OPPORTUNITIES AND OUTLOOK 85
TABLE 84 YARDI: OPERATIONAL SNAPSHOT 86
TABLE 85 YARDI: PRODUCT/SERVICE PORTFOLIO 86
TABLE 86 RESEARCH METHODOLOGY OF GLOBAL SECURITY OPERATIONS CENTER MARKET: TRIANGULATION 88
Research Framework
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
Market related information is congregated from both primary and secondary sources.
Primary sources
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.
