Building Analytics Market Share

North America Market Statistics

Regionally, the global building analytics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to hold largest revenue share by 2036, propelled by growing construction industry, due to urbanization and emergent smart buildings in the region. According to the statistics by Bureau of Economic Analysis, in the first quarter of 2021, construction gross output of the United States amounted to USD 1,875.3 billion. Moreover, increasing awareness for energy optimization among the masses, and government initiatives for power management and monitoring, are estimated to further boost the market growth in the region.

APAC Market Analysis

The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period, on account of infrastructural development in countries, such as, India, Vietnam, South Korea, and Indonesia along with the increasing adoption of IoT in the region. Moreover, governments of these nations are taking various initiatives for the conservation of energy and sustainable developments of their respective nations. One such initiative is the formation of Bureau of Energy Efficiency by the government of India for overlooking the optimization of energy utilization in the country.