The Australia building analytics market accounted to US$ 125.8 Mn in 2018 and is expected to grow at a CAGR of 13.2% during the forecast period 2019 - 2027, to account to US$ 375.0 Mn by 2027.
The government of the country targets to escalate 40% energy productivity by 2030 through the execution of strategies included under the National Energy Productivity Plan. These strategies comprise of reduction in total energy use in buildings, improvement in the national construction code, as well as encouraging the adoption of energy-efficient equipment. Moreover, the rising adoption of various energy efficiency based solutions and service has further propelled the Australia building analytics market demand for the energy management based building analytics solutions.
Australia Building Analytics Market
Australia Building Analytics Market Insights
Increasing deployment of facility management tools driving the Australia Building Analytics Market
Facility management has gained immense adoption during the past few years as organizations have recognized that well-maintained utilities and buildings are essential for effective and efficient business function. Facility management involves analysis of day-to-day operations, maintenance, and repair of the utilities owned by a company, which results in cost-savings and increased employee productivity. Further, a facility manager is required to make sure that all the amenities in an organization are compliant with industry safety and health regulation, the building should have fire security and emergency exit strategy in place, maintenance of car parking and various other facilities. Also, regular electric and mechanical repairs together with property maintenance are a part of facility management. For helping a business to attain a competitive advantage as well as to increase employee productivity, organizations across the globe as adopting facility management tools.
The deployment of facility management tools has resulted in increased adoption of IoT enabled smart, connected devices, which creates a huge amount of data. Thus, with the increasing amount of data, facility managers are leveraging business analytics platform to understand the pattern of operations better. This helps them to gain insights on the exact situation and enable them to quickly diagnose issues and implement solutions to eradicate further damage/loss. Above factors are driving the Australia building analytics market.
Advantages related to predictive maintenance is propelling the Australia Building Analytics Market
Engineering, procurement, and construction companies; equipment manufacturers; as well as power and process plant owners and operators generally face the issue of maintaining their machinery, fleet, and other assets to work efficiently along with reducing the maintenance cost and time-complex repairs. It is essential to identify the basis of probable faults or failures before they occur, to meet the time-to-market requirement for products. Evolving technologies such as Big Data, IoT, and machine learning are allowing more production line assets to send data to a centralized server thus, resulting in easier detection of faults.
It is a complicated task to gather operational data from multiple systems as well as remote sources during the management of large fleets spread across numerous sites. Presently, most of the utilities make use of real-time historians for consolidating multiple data sources to attain a comprehensive insight into asset performance. On the basis of the data gathered, predictive analytics solutions can utilize the historian data to further enhance operations by reporting early warning detection of asset issues before they result in failure. The companies are significantly investing in predictive maintenance programs including, deployment of predictive analytics software for the purpose of achieving higher operational efficiency.
The emergence of advanced technologies such as building analytics has resulted in ensuring that all the required information is available and can be compared with other data sources quickly and accurately. Adoption of building analytics enable companies to implement predictive analytics to enhance operational performance. These factors are leading the Australia building analytics market.
Australia Building Analytics Market - Deployment Type Insights
The Australia building analytics market by deployment type has been segmented into cloud and on premise. Clouds are larger in size when compared to on-premise deployment type, due to which enterprise associated with cloud are benefitted with seamless, on-demand scalability. The cloud deployment model is ideal for organizations which are willing to adopt analytics solutions with low investment. It mainly allows the company to procure the data with all their services, but on an economical expense. In building analytics market, on- premise segment is leading as it provides a huge benefit for buildings by enabling it to preserve all their processes and current internal systems, such as authentication and access privileges.
Australia Building Analytics Market - Component Insights
The Australia building analytics market is segmented on basis of component such as software and services. The analytics software offers a prosperous opportunities to the companies operating in building analytics industry. As the building analytics industry continues to shift towards the cloud based operation from on–premises, majority of its process are anticipated to be catered as a service such as maintenance, software updates, and analysis reports among others. Furthermore, with the increasing competition and highly regulated environment, the companies operating in the analytics industry are implementing analytical capabilities for efficiently competing in the market place. This factor has led the end users to adopt the latest technology increasingly leading the Australia building analytics market to escalate at a prime growth rate over the years from 2018 to 2027 globally.
Australia Building Analytics Market - Building Type Insights
The deployment of building analytics platform in different types of building depends on varied applications demanded by the infrastructure and nature. As for example, fault detection and monitoring is one of the major application used by manufacturing facilities; and energy management is extensively used by commercial and residential buildings. By building type, the Australia building analytics market is segmented into manufacturing facilities, commercial building, residential building, public places, and government building. In Australia building analytics market, manufacturing facilities holds largest market share in the year 2019. Deployment of analytics in the manufacturing facilities enable the companies to monitor all the manufacturing processes in real-time and helps the facility manager to act in order to prevent failure, optimize field service, as well as vigorously reallocate production resources on time in case of any faults or changes.
Australia Building Analytics Market - Application Insights
The Australia building analytics market by application has been segmented into fault detection & monitoring facilities, security management, energy management, emergency management, parking management, operations management, network management, and others. In building analytics market, energy management accounts for largest market share in the year 2019 as the energy management analytics provides several benefits, which includes, lower energy costs due to reduced energy consumption, lower maintenance costs due to efficient use of mechanical equipment, identification of opportunities with constant support & guidance for facility managers, enhanced occupant comfort, and autonomous measurement and authentication of energy conservation measures.
Australia Building Analytics Market - Strategic Insights
Merger and acquisition was observed as the most adopted strategy in Australia Building Analytics market. Few of the recent mergers and acquisitions are listed below;
2018: Building IQ announced acquisition of Buildingsense. The acquisition is aimed to provide intelligent building services to more than thirty building across Australia. 2018: CopperTree acquired BuildPulse an energy management startup. According to the agreement BuildPulse would keep its office in Seattle and work under the CopperTree brand.
AUSTRALIA BUILDING ANALYTICS MARKET –SEGMENTATION
Australia Building Analytics by Deployment Type
Cloud Based
On premise
Australia Building Analytics by Component
Software
Service
Australia Building Analytics by Building Type
Manufacturing Facilities
Residential Building
Commercial Building
Public Places
Government Building
Australia Building Analytics by Application
Fault Detection & Monitoring Facilities
Energy Management
Security Management
Emergency Management
Parking Management
Operations Management
Network Management
Others
Company Profiles
Bueno
Buildingiq, Inc.
Buildings alive
Cim enviro
CopperTree analytics
Delta Electronics
ENGIE Insight Services Inc.
Envizi
Honeywell International, Inc.
Johnson Controls International plc.
Schneider electric se
Skyfoundary
Australia Building Analytics Strategic Insights
Strategic insights for the Australia Building Analytics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Australia Building Analytics Report Scope
Report Attribute
Details
Market size in 2018
US$ 125.8 Million
Market Size by 2027
US$ 375.0 Million
Global CAGR (2019 - 2027)
13.2%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Deployment Type, Component, Building Type, Application
Regions and Countries Covered
Australia
Australia
Market leaders and key company profiles
Bueno
Buildingiq, Inc.
Buildings alive
Cim enviro
CopperTree analytics
Delta Electronics
ENGIE Insight Services Inc.
Envizi
Honeywell International, Inc.
Johnson Controls International plc.
Get more information on this report
Australia Building Analytics Regional Insights
The geographic scope of the Australia Building Analytics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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The List of Companies - Australia Building Analytics Market
The List of Companies
Bueno
Buildingiq, Inc.
Buildings alive
Cim enviro
CopperTree analytics
Delta Electronics
ENGIE Insight Services Inc.
Envizi
Honeywell International, Inc.
Johnson Controls International plc.
Schneider electric se
Skyfoundary
Frequently Asked Questions
How big is the Australia Building Analytics Market?
The Australia Building Analytics Market is valued at US$ 125.8 Million in 2018, it is projected to reach US$ 375.0 Million by 2027.
What is the CAGR for Australia Building Analytics Market by (2019 - 2027)?
As per our report Australia Building Analytics Market, the market size is valued at US$ 125.8 Million in 2018, projecting it to reach US$ 375.0 Million by 2027. This translates to a CAGR of approximately 13.2% during the forecast period.
What segments are covered in this report?
The Australia Building Analytics Market report typically cover these key segments-
Deployment Type, Component, Building Type, Application
What is the historic period, base year, and forecast period taken for Australia Building Analytics Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Australia Building Analytics Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Australia Building Analytics Market?
The Australia Building Analytics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Bueno
Buildingiq, Inc.
Buildings alive
Cim enviro
CopperTree analytics
Delta Electronics
ENGIE Insight Services Inc.
Envizi
Honeywell International, Inc.
Johnson Controls International plc.
Schneider electric se
Skyfoundary
Who should buy this report?
The Australia Building Analytics Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Australia Building Analytics Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
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Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines
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