Global Market Size And Forecast Study For Large Building Automation Provider

Challenge

A global building automation vendor sought to understand the evolving market opportunity for smart building software and to gain insights into the competitive landscape, key technology trends and deployment models across four key segments.

Solution

Verdantix were engaged to deliver a detailed global analysis of the smart building software market. Leveraging our existing research, alongside a Voice of the Customer study our approach included:

1. Market Segmentation: At the beginning of the project, the Verdantix team created and defined the market segmentation for the Smart Buildings market which acted as a foundation for the analysis.
2. Market Size and Forecast: Leveraging previous experience building market size and forecast models in this market, Verdantix built a new model, addressing the key market segments previously identified across software, hardware and services markets. The study identified the key drivers and barriers of growth, and forecast the market to 2030.
3. Competitive Analysis: Across the key segments, the project team identified the 20 most notable competitors in each of the software, hardware and services segments, analysing their key offerings, value propositions and differentiators. The team also provided detailed profiles for three incumbent and three emerging competitors.

Outcome

The client received a comprehensive overview of the smart building software market, including insights into market opportunity, buyer trends, and key competitors. Our analysis provided strategic recommendations on segment prioritization, product enhancements, and marketing strategies, helping the client make informed decisions and optimize their market approach.