Knowledge Sourcing Intelligence announces the publication of a new report on “Building Analytics Market - Forecasts from 2019 to 2024" to their offering.

According to the report, the building analytics marketis projected to increase at a CAGR of 16.78% over the forecast period 2018-2024.The burgeoning demand of analytic tools and solutions, which aid the industries and companies in order to manage the large amounts of data generated optimize resources and minimize the energy costs incurred is encouraging the adoption of these solutions driving the growth of the market.

Furthermore, the initiatives being taken by the government bodies towards realizing the importance reducing energy usage is bolstering the growth of the building analytics market further. For instance, an initiative called the “Smart Energy Analytics Campaign” has been launched by the US Department of Energy (DOE). The prime objective of the initiative is to increase the adoption of effective ways of managing energy and utilization of the information systems and devices, which can monitor energy resources and lead to improvement in the overall performance of the building.

Geographically, North America and Europe are expected to have a notable market share owing to the fact that most of the buildings being designed and constructed are incorporating building analytics technology for reducing energy cost and achieving efficiency. The Asia Pacific region is poised tohold a significant due to advancement in technology and expansion of the infrastructure and construction activitiesdue to the increasing urbanization.

Some of the major players covered as part of the report are Schneider Electric, Johnson Controls, IBM, Honeywell International, Inc., Siemens AG, Lucid Design Group (Division of Acuity Brands Technology Services, Inc.),BuildingIQ, ICONICS, Inc., and CopperTree Analytics among others.

This report segmented the building analytics Market on the basis following terms
• By Offering
o Solution
o Services

• By Deployment Model
o On-premise
o Cloud

• By Application
o Security Management
o Fault detection and Monitoring
o Energy management
o Parking management
o Others

• By End-User
o Residential
o Commercial
o Industrial

• By Geography
o North America
 United States
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 UK
 Germany
 France
 Italy
 Others

o Middle East and Africa
 Saudi Arabia
 UAE
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Australia
 Others

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-building-analytics-market

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such
as ICT, Chemicals, Semiconductors, Healthcare among others cater to diverse client needs.

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