Market Size And Forecast: Smart Building Software 2022-2028 (Global)
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Executive Summary
This report helps real estate software suppliers, professionals and investors understand the current state and size of the global smart building and real estate management software market, as well as the trends and drivers that will shape the market into 2028. The Verdantix model incorporates updated analysis of macro-economic drivers, disclosed and estimated supplier revenue figures, survey data, customer budget changes and insights from interviews with software vendors. The software market encompasses solutions across four functionality areas: real estate management, asset and maintenance management, energy and sustainability management, and space and workplace management. At the close of 2022, Verdantix valued the market at nearly $7.3 billion; and forecasts the market to grow at a CAGR of 8%, reaching $11.8 billion by 2028. Our analysis comprises regional, country and software functionality area breakdowns.Market size data reflect aggregate supplier revenues, customer uptake and buying trends
The smart building software market was worth $7.3 billion in 2022
Cost reduction strategies dominate the multiple objectives shaping the market forecast
Sustainability-driven business priorities and workplace transformation will spur investment in smart building software
The smart building software market will reach $11.8 billion in 2028
Figure 2. Verdantix market size and forecast methodology
Figure 3. Regional breakdown of the global smart building software market
Figure 4. Updated macro drivers of the smart building software market
Figure 5. 2022 smart building software spend by region and country
Figure 6. 2022 smart building software spend by software functionality area
Figure 7. 2022 smart building software spend by software functionality area and region
Figure 8. Use of commercial software to support space monitoring
Figure 9. Smart building software forecast by software functionality area 2022-2028
Figure 10. Smart building software forecast by region 2022-2028
About the Authors
Amelia Feehan
Manager, Advisory Services
Amelia is a Manager within the Advisory Services team at Verdantix. She has several years of experience leading large-scale technology and strategy projects for both vendors a...
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Rodolphe d’Arjuzon
Chief Product Officer and Co-Founder
Rodolphe co-founded Verdantix in 2008. As Chief Product Officer, he leads the firm’s research strategy and intellectual agenda. With over 20 years of experience in techn...
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