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Smart Building Market Share

Report ID: GMI5555
Published Date: Oct 2024
Report Format: PDF

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Smart Building Market Share

Amazon.com, Inc. offers a diverse range of products and services across various channels. The company's product offerings include merchandise and content purchased for resale, as well as products from third-party sellers. Amazon operates through three main segments: North America, International, and Amazon Web Services (AWS). The company serves consumers through both its online and physical stores, emphasizing selection, price, and convenience.

Customers can access Amazon’s products and services through its websites, mobile apps, Alexa-enabled devices, streaming services, and physical retail locations. Amazon manufactures and markets a range of electronic devices, including the Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero. Additionally, it develops and produces media content. AWS caters to developers and enterprises of all sizes including start-ups, government agencies, and academic institutions providing a comprehensive suite of on-demand technology services such as computer, storage, database, analytics, and machine learning.

ADT Inc. provides comprehensive security, interactive, and smart home solutions for residential and small business customers in the United States. The company operates through two primary segments: Consumer and Small Business (CSB) and Solar. The CSB segment focuses on the sale, installation, servicing, and monitoring of integrated security and automation systems for residential properties, small businesses, and individual consumers.

This segment also includes offerings such as burglar alarms, life safety systems, smart security cameras, and video surveillance systems. The Solar segment is dedicated to the sale and installation of solar systems, along with related solutions and services tailored for residential homeowners. This segment encompasses the design, installation, and sale of custom solar systems, energy storage solutions, energy efficiency upgrades, and roofing services. ADT Inc. employs a specialized in-house sales force to deliver these solar and energy solutions.

Smart Building Market Companies

Major players operating in the smart building industry are:

ADT Inc.
Amazon
Google
Honeywell Home
Vivint Smart Home
SimpliSafe
Frontpoint Security

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global market size for smart building was valued at USD 94 billion in 2023 and is projected to exceed USD 500 billion by 2032, driven by a CAGR of over 20% from 2024 to 2032.

The safety & security management segment is expected to register a CAGR of over 22% during the forecast period, driven by the rise in both physical and cyber threats.

North America dominated the global market in 2023, generating over 36% of the total revenue share, driven by high adoption rates of smart home technologies and urban crime rates.

Major players in the industry include ADT Inc., Amazon, Google, Honeywell Home, Vivint Smart Home, SimpliSafe, and Frontpoint Security, driven by the increasing demand for advanced security systems.