Smart Buildings Software: Market Size And Forecast 2018-2023 (Global)

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Executive Summary

This report helps strategy, product and marketing officers at firms providing real estate and building management software to better understand the addressable market opportunity, define business development strategies and forecast future revenue growth potential. The analysis combines updated macroeconomic data, vendor revenues, segment-level drivers and customer budget changes across five functionality segments (real estate investment, property, space, maintenance and energy management) and three regions globally. In 2019 the market will be worth $5.3 billion. The software market encompasses property management, IWMS, CAFM, CMMS as well as energy management, real estate investment and space utilization solutions. The overall market trajectory has slowed compared to previous estimates, with a growth trajectory of 7% CAGR to reach just over $7 billion in 2023, but with contrasting dynamics and growth rates in each product segment and region.

Table of contents

Smart Buildings Software: Market Size And Forecast 2018-2023 (Global)
Global Spending On Smart Building Software Solutions Totals $5.3 Billion In 2019
All Five Segments Will Capitalize On Maturing Technologies And Growing Customer Demand
Overall Software Market Expenditure Will Reach $7 Billion By 2023
A Global Slowdown Would Have A Mixed Impact On The Smart Buildings Software Market


Table of figures

Figure 1. Definition Of The Five Market Segments
Figure 2. Updated Drivers Data Feeds 2018-2023
Figure 3. Smart Buildings Software Spend By Segment 2018-2023 ($m)
Figure 4. Smart Buildings Software Spend By Region 2018-2023 ($m)
Figure 5. Smart Buildings Software CAGR By Segment 2018-2023 

About the authors

Ibrahim Yate

Senior Analyst

Ibrahim is a Senior Analyst in the Verdantix Smart Buildings practice, which he joined in 2016. His current agenda covers innovation in software and hardware solutions for space management, workplace management, and workplace systems integration. Ibrahim holds an MSc from Imperial College London and MA from Cambridge University.

Joy Trinquet

Industry Analyst

Joy is an Industry Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on building digital twins, BIM for operations, smart building systems integration as well as architecture, engineering and construction software. Joy joined Verdantix in 2019, and previously worked at BNP Paribas Asset Management. She holds a bachelor’s degree in economics with a concentration in policy as well as dual minors in computer science and business studies from New York University.

Rodolphe d’Arjuzon

Global Head of Research and Finance Director

Rodolphe co-founded Verdantix in 2008 and directs the firm’s research strategy across all practice areas. He also leads the Environment, Health & Safety practice on an interim basis. Rodolphe has over twenty years of experience in technology research and strategy consulting. He previously worked for Barclays Bank and L.E.K. Consulting. Rodolphe holds a PhD in Physics from Cambridge University.

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