Over the past few year, factors such as The Emergence Trend of 5G Technology have contributed to the development of the Global IoT in Smart Building market.

Undoubtedly, Rising Adoption of IoT-Enabled Building Management System is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global IoT in Smart Building market is expected to make a significant contribution growing at a CAGR of 20.3%.

AMA research has engaged in the competitive assessment of China & Global IoT in Smart Building Players for 5 years. “The Top 10 Competitive Players in the IoT in Smart Building in 2023” clearly displays the competitive situations of main IoT in Smart Building Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, Germany occupying half of the list showcasing strong market competitive advantage.

The Building Type, such as Residential, is boosting the IoT in Smart Building market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Solution Type, such as Building infrastructure Management (Parking Management System, Smart Water Management System and Elevators and Escalators Management System), is boosting the IoT in Smart Building market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Service Type, such as Consulting, is boosting the IoT in Smart Building market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Players such as Honeywell (United States), Johnson Controls (Ireland), Cisco (United States), Hitachi (Japan), Siemens (Germany), IBM (United States), Schneider Electric(France), Intel (United States), Huawei(China), ABB(Switzerland), L&T Technology Services(India), 75F (United States), Telit (United Kingdom), Pointgrab (Israel) and LogicLadder (India) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global IoT in Smart Building industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.



The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global IoT in Smart Building market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall IoT in Smart Building market size is calculated using market estimation process, the IoT in Smart Building market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT in Smart Building market size has been validated using both top-down and bottom-up approaches.