Smart Buildings Software: Market Size And Forecast 2018-2023 (Global)
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Executive Summary
This report helps strategy, product and marketing officers at firms providing real estate and building management software to better understand the addressable market opportunity, define business development strategies and forecast future revenue growth potential. The analysis combines updated macroeconomic data, vendor 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 2019 the market will be worth $5.3 billion. The software market encompasses property management, IWMS, CAFM, CMMS as well as energy management, real estate investment and space utilization solutions. The overall market trajectory has slowed compared to previous estimates, with a growth trajectory of 7% CAGR to reach just over $7 billion in 2023, but with contrasting dynamics and growth rates in each product segment and region.Global Spending On Smart Building Software Solutions Totals $5.3 Billion In 2019
All Five Segments Will Capitalize On Maturing Technologies And Growing Customer Demand
Overall Software Market Expenditure Will Reach $7 Billion By 2023
A Global Slowdown Would Have A Mixed Impact On The Smart Buildings Software Market
Figure 2. Updated Drivers Data Feeds 2018-2023
Figure 3. Smart Buildings Software Spend By Segment 2018-2023 ($m)
Figure 4. Smart Buildings Software Spend By Region 2018-2023 ($m)
Figure 5. Smart Buildings Software CAGR By Segment 2018-2023
About the Authors
Ibrahim Yate
Senior Analyst
Ibrahim is a Senior Analyst in the Verdantix Smart Buildings practice, which he joined in 2016. His current agenda covers innovation in software and hardware solutions for spa...
Joy Trinquet
Principal Analyst
Joy is a Principal Analyst at Verdantix, specializing in real estate, facilities and workplace technology, with a particular focus on integrated workplace management systems/c...
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Rodolphe d’Arjuzon
Chief Product Officer and Co-Founder
Rodolphe co-founded Verdantix in 2008. As Chief Product Officer, he leads the firm’s research strategy and intellectual agenda. With over 20 years of experience in techn...
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