How big is the Building Analytics Market

Q: How big was the building analytics market?

The building analytics market was estimated at USD 10 billion in 2024 and projected to reach USD 20 billion by 2031.

Q: What is the forecast growth rate of building analytics market?

The building analytics market is predicted to grow at an exceptional CAGR of 11.2%.

Q: What are the key trends in the building analytics industry?

Cloud analytics, predictive maintenance, and integration with smart systems are key trends.

Q: What are the major challenges faced by the building analytics market?

Data privacy concerns, high initial costs, and integration complexities are the major challenges.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5331

Publication Date: Jul 2025

What is the size of the Building Analytics Market?
According to 6Wresearch internal database and industry insights, the Building Analytics Market was demonstrated around USD 10 billion in 2024 and is projected to reach USD 20 billion by 2031, growing at a CAGR of 11.2% during the forecast period 2025–2031.

The market is growing rapidly due to increasing demand for energy efficiency, smart building technologies, and predictive maintenance across commercial and industrial infrastructures.

Key Growth Factors of the Building Analytics Market

Rising emphasis on energy efficiency and sustainability in buildings

Increasing adoption of IoT and smart building technologies

Growing demand for predictive maintenance and operational cost savings

Stringent government regulations related to energy use and emissions

Rapid urbanization and increasing investment in smart infrastructure

Building Analytics Market Trends

The building analytics market is experiencing robust growth with few emerging trends such as the rise of cloud-based analytics platforms and AI-powered predictive insights. Another trend is the real-time data visualization and digital twin integration, which are becoming standard for optimizing building operations. The market is also noticing the rising shift towards open-platform analytics systems for seamless integration with existing building management systems (BMS).

Emerging Developments in the Building Analytics Market

Building analytics market is seeing some major developments as the market is integrated with the machine learning algorithms for anomaly detection and fault diagnostics. Also, the
cybersecurity enhancements are being introduced as building systems became more connected. The market of building analytics is being integrated into net-zero and green building initiatives to track carbon emissions and performance metrics. The rise of as-a-service models (Analytics-as-a-Service) is making analytics more accessible to mid-sized and smaller facilities.

Leading Companies in the Building Analytics Market

Honeywell International Inc.

Siemens AG

Johnson Controls International PLC

Schneider Electric SE

General Electric Company

IBM Corporation

BuildingIQ, Inc.

CopperTree Analytics

Iconics, Inc.

Delta Electronics, Inc.