What is Enterprise Building Solution?
Enterprise building solutions include building automation and management systems that are centralized and interconnected networks of packages and hardware that are used for the observance and dominant the setting in industrial, commercial, and residential facilities. Such systems specifically manage elevators, lighting, HVAC (Heating, Ventilation and Air Conditioning), and diversion systems. These systems additionally guarantee the comfort and safety of the occupants and at identical times enhance the operational performance of the facilities.
The market study is broken down, by Application (Commercial and Industrial) and major geographies with country level break-up.
The global market for the Enterprise Building Solution is fragmented by global players in order to serve the rising demand for the smart infrastructure for troubleshooting and integration of IoT with building maintenance infrastructure. The players should focus on employing cutting-edge technology for the automation of procedures and decision-making. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AT &T Inc. (United States), Anixter Inc. (United States), CommScope Inc. (United States), Ericsson (Sweden), TE Connectivity Ltd. (Switzerland), Alcatel-Lucent (France), Verizon Communications Inc. (United States), Honeywell International Inc. (United States), Cisco Systems Inc. (United States) and Robert Bosch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cobham PLC (United Kingdom), Corning Incorporated (United States), Smith’s Group PLC (United Kingdom) and Acuity Brands Inc. (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Enterprise Building Solution market by Type, Application and Region.
On the basis of geography, the market of Enterprise Building Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Enterprise Building Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Building IoT Integration will boost the Enterprise Building Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2020, Smart building tech company Honeywell has launched a building portfolio management system designed specifically for small- to medium-sized buildings. The new offering will save users up to 30% in facility energy costs, improving visibility into building portfolio performance, and help facility managers optimize occupant comfort, operational performance, and asset management.
Market Trend
- Innovative Unified Platforms with Built-in Class Structured Cabling to Cater the In-House Wireless Solution
Market Drivers
- Rising Demand for the Smart In-House Infrastructure for Equipment Failure and Repair for Businesses
- Growth in Demand for the Solutions to Reduce Maintenance Cost
Opportunities
- The rise in Demand for Smart Homes and Corporate Infrastructures
- Increased Investment of Government and Private Sectors in IoT and Digitization
Restraints
- High Costs Involved in Employing the Infrastructure
Challenges
- Requirement of Skilled Personnel for Supervision and Operation
Key Target Audience
Enterprise Building Solution provider, Distributor/Supplier, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.