Market Size And Forecast: Smart Buildings Software 2020-2026 (Global)

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Executive Summary

This report helps strategy, product and marketing officers at firms providing real estate and building management software solutions better understand market size, define business development strategies and forecast future revenue growth potential. The analysis combines updated macroeconomic data, supplier revenues, segment-level drivers and customer budget changes across five functionality segments (real estate investment, property, space, maintenance and energy management) and three regions globally. In 2022 the smart buildings software market will be worth $6.9 billion. The market encompasses property management, integrated workplace management systems (IWMS), computer-aided facilities management (CAFM) and computerized maintenance management systems (CMMS), as well as energy management, real estate investment and space utilization solutions. The overall smart buildings market has a growth trajectory of 7% CAGR, to reach $9.2 billion in 2026.

Table of contents

The Smart Buildings Software Market Is Set To Rebound As The Pandemic Fades 

Smart Buildings Software Market Size And Forecast Methodology 
2021 Market-Size Data Are Calculated From Aggregate Supplier Revenues And Customer Penetration Data
The Market Forecast Reflects Macroeconomic Drivers And Long-Term Technology Investment Plans 

Long-Term Workplace Changes And Cost Reductions Will Support Growth Across All Five Segments 
Global Spending On Smart Buildings Software Will Grow To $6.9 Billion In 2022 
Real Estate Investment Management Segment Will Benefit From Changing Portfolio Strategies And Responsible Investing
Lease Re-Evaluations And SLA Enforcement Will Spur Growth In The Property Management Segment
Hybrid-Enabled Workplaces And Employee Collaboration Will Support The Space And Workplace Management Segment 
Maintenance Management Market Will Benefit From Demand For Cost Reduction And Mobile Apps
Energy And Sustainability Management Segment Will Benefit From Decarbonization Goals And Sustainable Building Reporting

Overall Software Market Expenditure Will Grow At A CAGR Of 7% To Reach $9.2 Billion By 2026 
Smart Buildings Software Providers Face New Competitive Market Dynamics Over The Next Five Years

 

Table of figures

Figure 1. Definition Of The Five Markets  
Figure 2. Verdantix Market Size And Forecast Approach  
Figure 3. Share Of People Vaccinated Against COVID-19; Sept. 7, 2021 By Region  
Figure 4. Change In Software Purchase Intentions From 2020 To 2021 Across 9 Areas  
Figure 5. Updated Drivers Data Feeds 2020-26  
Figure 6. Smart Buildings Software Spend By Software Segment (2020-26)  
Figure 7. Smart Buildings Software Spend By Region (2020-26)  
Figure 8. Smart Buildings Software Purchase Intentions In 2021 By Region  
Figure 9. Smart Buildings Software CAGR By Software Segment (2021-26)  

About the authors

Joy Trinquet

Industry Analyst

Joy is an Industry Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on building digital twins, BIM for operations, smart building systems integration as well as architecture, engineering and construction software. Joy joined Verdantix in 2019, and previously worked at BNP Paribas Asset Management. She holds a bachelor’s degree in economics with a concentration in policy as well as dual minors in computer science and business studies from New York University.

Susan Clarke

Research Director

Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace management systems and IoT platforms for buildings. Her research expertise also includes a broad range of energy management technologies and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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