Global Smart Building Market Size & Outlook, 2023-2030

The smart building industry worldwide is expected to reach a projected revenue of US$ 570,050.0 million by 2030. A compound annual growth rate of 26.8% is expected of the worldwide smart building industry from 2024 to 2030.
Revenue, 2023 (US$M)
$107,950.0
Forecast, 2030 (US$M)
$570,050.0
CAGR, 2024 - 2030
26.8%
Report Coverage
Worldwide

Global smart building market highlights

  • The global smart building market generated a revenue of USD 107,950.0 million in 2023 and is expected to reach USD 570,050.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 26.8% by 2030.
  • In terms of segment, solution accounted for a revenue of USD 83,440.0 million in 2023.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 107,950.0 million
Market revenue in 2030USD 570,050.0 million
Growth rate26.8% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentService
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Service

Other key industry trends

  • In terms of revenue, the North America accounted for 35.2% of the global smart building market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 129,700.0 million by 2030.

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Smart Building Market Companies

Name Profile # Employees HQ Website

Global smart building market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart building market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 77.3% in 2023. Horizon Databook has segmented the Global smart building market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Smart Building Component Outlook (Revenue, USD Million, 2018-2030)
    • Solution
      • Safety & Security Management
        • Access Control System
        • Video Surveillance System
        • Fire and Life Safety System
      • Energy Management
        • HVAC Control System
        • Lighting Management System
        • Others
      • Building Infrastructure Management
        • Parking Management System
        • Water Management System
        • Others
      • Integrated Workplace Management System (IWMS)
        • Real Estate Management
        • Capital Project Management
        • Facility Management
        • Operations and Services Management
        • Environment and Energy Management
      • Network Management
        • Wired Technology
        • Wireless Technology
    • Service
      • Consulting
      • Implementation
      • Support and Maintenance
  • Global Smart Building End Use Outlook (Revenue, USD Million, 2018-2030)
    • Residential
    • Commercial
      • Healthcare
      • Retail
      • Academic
      • Others
    • Industrial

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Target buyers of Global smart building market databook

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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart building market , including forecasts for subscribers. This global databook contains high-level insights into Global smart building market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global smart building market size, by regions, 2018-2030 (US$M)

Top 10 countries: Smart building market size, 2023 (US$M)

Global smart building market share, by component, 2023 & 2030 (%, US$M)

Smart Building Market: Opportunity Assessment By Country

Global smart building market, by region, 2023 (US$M)

Global smart building market size, by regions, 2018-2030 (US$M)

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