This research study involved the extensive use of secondary sources, directories, and databases, such as Dun & Bradstreet (D&B) Hoovers and Bloomberg BusinessWeek, to identify and collect information useful for a technical, market-oriented, and commercial study of the intelligent building automation technologies market. The primary sources have been mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information.
Secondary Research
The market for companies offering intelligent building automation solutions and services to different verticals has been estimated and projected based on the secondary data made available through paid and unpaid sources, as well as by analyzing their product portfolios in the ecosystem of the intelligent building automation technologies market. It also involved rating company products based on their performance and quality. In the secondary research process, various sources such as Intelligent Buildings and Green Homes (IBGH) Conferences, the International Building Performance Simulation Association (IBPSA) Conference, Automation in Construction and Robotics (AECR) Conference have been referred to for identifying and collecting information for this study on the intelligent building automation technologies market. The secondary sources included annual reports, press releases investor presentations of companies, white papers, journals, and certified publications and articles by recognized authors, directories, and databases. Secondary research has been mainly used to obtain key information about the supply chain of the market, the total pool of key players, market classification, segmentation according to industry trends to the bottommost level, regional markets, and key developments from both market- and technology-oriented perspectives that have been further validated by primary sources.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from intelligent building automation technologies solution vendors, SIs, professional service providers, and industry associations; and key opinion leaders. Primary interviews were conducted to gather insights, such as market statistics, revenue data collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped in understanding various trends related to technologies, applications, deployments, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users using intelligent building automation technologies solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of intelligent building automation technologies solutions which would impact the overall building automation market.
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Market Size Estimation
Multiple approaches were adopted to estimate and forecast the size of the intelligent building automation technologies market. The first approach involves estimating market size by summing up the revenue generated by companies through the sale of intelligent building automation technologies offerings.
Both top-down and bottom-up approaches were used to estimate and validate the total size of the intelligent building automation technologies market. These methods were extensively used to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:
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Key players in the market have been identified through extensive secondary research.
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In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
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All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
Market Size Estimation Methodology-Bottom-up approach
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Market Size Estimation Methodology-Top-Down Approach
Data Triangulation
After arriving at the overall market size, the intelligent building automation technologies market was divided into several segments and subsegments. A data triangulation procedure was used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.
Market Definition
According to Cisco, building automation is defined as the usage of automation and control systems for monitoring and controlling building wide systems, such as HVAC, lighting, alarms, and security access and cameras. Smart building is created by converging these systems into a single IT-managed network infrastructure.
Building automation uses a wide range of technologies for collecting information and improving building operations. Smart building designs are integrated with core systems such as lighting, business security cameras, alarms, sensors and control systems to develop efficient buildings and thereby reduce costs for residents and increase safety.
Key Stakeholders
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Building Owners and Facility Managers
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IT Departments
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Building Automation System (BAS) Providers
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System Integrators (SIs)
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Energy Providers
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Government Agencies
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Investment Firms
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Intelligent Building Automation Technologies Alliances/Groups
Report Objectives
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To determine, segment, and forecast the intelligent building automation technologies market by offering, technology, end use, and region in terms of value
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To forecast the size of the market segments with respect to 5 main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
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To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
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To study the complete value chain and related industry segments and perform a value chain analysis of the market landscape
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To strategically analyze the macro and micro-markets with respect to individual growth trends, prospects, and contributions to the total market
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To analyze the industry trends, pricing data, patents, and innovations related to the market
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To analyze the opportunities for stakeholders by identifying the high-growth segments of the market
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To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies
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To track and analyze competitive developments, such as mergers & acquisitions, product launches & developments, partnerships, agreements, collaborations, business expansions, and R&D activities
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Country-wise information
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Analysis for additional countries (up to five)
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Intelligent Building Automation Technologies Market