Opportunities for IoT in Global Smart Commercial Buildings Market to 2025: Market Prospects in the Age of COVID-19 - PRNewswire

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DUBLIN, Aug. 24, 2020 /PRNewswire/ -- The "The Internet of Things in Smart Commercial Buildings 2020 to 2025: Market Prospects in the Age of COVID-19" report has been added to ResearchAndMarkets.com's offering.

This 4th edition of research into the market for the Internet of Things in Smart Buildings (BIoT) focuses on market sizing and opportunities for Smart Commercial Buildings. It provides a completely fresh market assessment of the industry based upon the latest information. Regions for this edition of the study are split into 5 categories representing the international markets of North America, Latin America, Europe, Asia Pacific and The Middle East & Africa.

The publication of this report comes at a time of unprecedented challenge for society. As March of 2020 progressed, it became increasingly obvious, that the rapid spread of the novel coronavirus COVID-19 would go on to pose major challenges to all aspects of how we live and work in societies across the globe. The Built Environment will play a huge part in how we rise to meet these challenges.

Section 5 of the report is dedicated to helping readers adapt to the new normal and prepare for the future by understanding what the market impacts may be. This section will help the reader make sense of the economic, supply chain, technological, ways of working, and building usage impacts of COVID-19. Fundamental changes to user interactions between buildings and the rest of society will need to be supported by new technology solutions, that help maintains hygiene, facilitate social distancing, and maintain building user trust and confidence in their places of work. The role of Smart Building Technologies in helping to mitigate the negative impacts of COVID-19 is investigated in section 6 of the report.

In order to account for market uncertainties and still provide valuable insight into the potential impact of the virus on BIoT technologies; In sections 9 and 10 of the report, the publisher considers best-case and worst-case scenarios, providing global and regional market forecasts to 2025. A series of inter-related challenges (driven by the COVID-19 crisis) will make 2020 a tough year for the market for BIoT in smart commercial buildings, and the publisher predicts a drop in revenues compared to 2019. However, over the forecast period (to 2025), the report predicts global growth of 11.6% in the best case, with overall market revenues rising from $42.8Bn in 2019 to $82.7Bn in 2025, versus 7.3% in the worst case, with more modest total revenues of $65.2Bn by 2025.

This latest assessment of the number of connected devices in operation in the commercial smart building's vertical is for the installed base of connected devices to grow from 1.7 Billion in 2020 to just under 3 Billion by 2025 representing a CAGR of 10.8%. Sensors and devices to track occupancy movement and analytics look set to experience some of the highest rates of growth over the forecast period at 14% per annum.

Key Topics Covered:

1. Key Elements of the IoT

2. The Building Internet of Things (BIoT)

3. The State of the Market to March 2020

4. Standards & Protocols

5. COVID-19 Market Impacts

6. BIoT Market Applications

7. Smart Building IoT Platforms

8. Vertical Market Analysis

9. Global BIoT Market Forecasts

10. BIoT Market Analysis by Region

11. Market Drivers

12. Market Barriers & Challenges

13. The BIoT Competitive Landscape

Companies Mentioned

75F
ABB
ACA Engine
Accruent
Acuity Brands
Amazon
Axis Communications
bGrid
Bosch
Brivo
Camio
Canon
CapGemini
Carrier
CBRE
Cisco
Civic
Condeco
Cylon Controls
Dahua
Dell
Density
Distech Controls
EcoEnergy
Enlighted
Envizi
Everbridge
Facilio
Flir
Genetec
Gooee
Google
Here
HIKVision |Honeywell
HPE Aruba
Huawei
IBM
Infosys
Ingenu
Intel
IoTium
J2 Innovations
JLL
Joan
Johnson Controls
Kaspersky
Knotel
KONE
Legrand
Lone Rooftop
Lynxspring
Mapiq
Microsoft
Milestone Systems
Nemetschek (Spacewell)
OpenPath
Otis
Prescriptive Data
Proxy
Robin
SAP
Schindler
Schneider Electric
SenseTime
Siemens
Sigfox
Signify
Suprema
Switch Automation
Teem
Thoughtwire
Tridium
Urjanet
Vergesense
Vodafone
WeWork
Wiredscore
Wisesoft
Xicato
Zoom

For more information about this report visit https://www.researchandmarkets.com/r/s20rxs

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