Report

smart facility management market

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

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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
Methodology

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.

outicon

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
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