Building Analytics Market is expected to grow to US$ 19,655.7 million by 2027 from US$ 6,181.4 million in 2018

(EMAILWIRE.COM, February 19, 2019 ) Manufacturing facilities segment is growing at a highest CAGR during the forest period

Latest market study on "Building Analytics Market to 2027 by Deployment Type (Cloud-Based and On-Premise), Component (Software and Service); Building Type (Manufacturing Facilities, Residential Building, Commercial Building, Public Places, and Government Buildings); and Application (Fault Detection & Monitoring Facilities, Security Management, Energy Management, Emergency Management, Parking Management, Operations Management, and Network Management) - Global Analysis and Forecasts", the global building analytics market is expected to grow to US$ 19,655.7 million by 2027 from US$ 6,181.4 million in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The deployment of building analytics platform in different types of building depends on varied applications demanded by the infrastructure and nature. As for example, fault detection and monitoring is one of the major application used by manufacturing facilities; and energy management is extensively used by commercial and residential buildings. By building type, the building analytics market is segmented into manufacturing facilities, commercial building, residential building, public places, and government building.

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Deployment of analytics in the manufacturing facilities enable the companies to monitor all the manufacturing processes in real-time and helps the facility manager to act in order to prevent failure, optimize field service, as well as vigorously reallocate production resources on time in case of any faults or changes. Further, it allows monitoring of individual asset performance at different levels of production thus, gaining insights regarding the productivity of various assets.

Presently, several manufacturing organizations are experiencing digital transformation in order to become smart digital manufacturing companies. This has resulted in the integration of sensors in production line equipment as well as in other assets to facilitate the collection and analysis of data for optimizing operations, boost asset performance, improve productivity and reduce risk. Fault detection and monitoring or FDD is the most common application of business analytics used by manufacturing companies worldwide. Other applications are also significant for manufacturing facilities such as emergency management, security management, energy management, and operations management among others.

Currently, the companies offer a mix of solution and services to their clients such as malls, airports, manufacturing & production plant residential complexes, hotels, offices, and government buildings among others for their seamless facility management. Further, the companies also offer insights and reports to relate to fault detection, monitoring, and risk assessment analytic reports for making informed decisions and framing policies for improved infrastructure management.

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Some of the leading companies operation in this market are Schneider Electric, IBM Corporation, SkyFoundry, Environmental Systems Inc., Senseware, Gooee, Acorn Engineering Group Limited, Waibel Energy Systems, Buildingiq, Siemens AG, General Electric, Iconics, Coppertree Analytics, Delta Electronics, Enernoc, Buildpulse, Engie Insight, Gridpoint, Ecovox, Buildinglogix, Crestron Electronics, Energy Advantage, Honeywell, AT Kearney, Xchanging PLC (CSC Computer Sciences International Operations Limited), and Arup Group among others.

The report segments the Global Building Analytics Market as follows:

Global Building analytics Market - By Deployment Type

Cloud Based
On-premise

Global Building Analytics Market - By Component

Software
Service

Global Building Analytics Market - By Building Type

Manufacturing Facilities
Residential Building
Commercial Building
Public Places
Government Building

Global Building Analytics Market - By Application

Fault Detection & Monitoring Facilities
Energy Management
Security Management
Emergency Management
Parking Management
Operations Management
Network Management
Others

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Global Building Analytics Market - By Geography

North America
US
Canada
Mexico

Europe
UK
Germany
France
Italy
Spain
Rest of Europe

Asia Pacific (APAC)
China
Japan
India
Australia
Rest of APAC

Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia
Rest of MEA

South America (SAM)
Brazil
Rest of SAM

The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com

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