Demand for efficient facility management drives the Building Analytics Market in Australia
Latest market study on “Australia Building Analytics Market to 2027- Analysis and Forecasts 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)– Australia Analysis and Forecasts”, the building analytics market is estimated to reach US$ 375.0 Mn by 2027 from US$ 125.8 Mn in 2018 with a CAGR of 13.2% during the forecast period 2019-2027. 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 penetration of smart technology and robust building management tools and solutions have gained substantial traction in the past few years subsequently driving the market demand for various building analytics related products and solutions. The demand for effective as well as efficient facility management has witnessed constant changes in demand and subsequently has evolved substantially in the past few years. As a result, the organization especially the facility managers must keep themselves at pace with the dynamic requirements for seamless building management practices owing to increasing adoption of various digital technology enabled solutions.
Furthermore, the building analytics solutions provide a holistic and centralized platform for streamlining the data generated from various equipment and machineries for their analysis and identifying actionable insights. The software can be easily integrated in various day-to-day building operations such as fault detection & monitoring, energy management, operations management and operations management among other building operations for ensuring seamless building operations.
Some of the key companies operating in building analytics market in Australia include Bueno, Buildingiq, Inc., Buildings alive, Cim enviro, CopperTree analytics, Delta Electronics, ENGIE Insight Services Inc., Envizi, Honeywell International, Inc., Johnson Controls International plc. Schneider electric se, and Skyfoundary among various other leading market players. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
Australia Building Analytics Market to 2027 - Country Analysis and Forecasts by Deployment Type, Component, Building Type, and Application
Australia Building Analytics Market to Grow at a CAGR of 13.2% to reach US$ 375.0 Mn from 2018 to 2027
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The report segments the Australia Building Analytics market as follows:
Australia Building Analytics Market – By Deployment Type
- Cloud Based
- On premise
Australia Building Analytics Market – By Component
- Software
- Service
Australia Building Analytics Market – By Building Type
- Manufacturing Facilities
- Residential Building
- Commercial Building
- Public Places
- Government Building
Australia 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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