Smart building is a structure that comprises automated processes to control various building operations such as conditioning, ventilation, lighting, pumps, heating, fire alarms, security and other systems. Smart building includes a wide range of electronic home equipment from a remote location to make a more comfortable lifestyle. The smart building contains sensors, actuators and microchips to monitor databases for the business services. The smart building reduces energy consumption by around 5%-35% as per the usage of smart technology and improves building efficiency by maximum space utilization. Smart building is comfortable, raise the standard of living, and ensures health as well as safety considerations. The smart building is raising the productivity of the staff, improves building operations, support sustainability efforts, and enhance decision-making across the organization.

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The major driving factors in the GCC Smart building Market include increasing adoption of IoT enabled building management systems. Rising consumer preference and adoption of applications of information technologies will further boost the growth of the GCC Smart building Market. Increasing consumer awareness for proper space utilization is expected to further propel the GCC Smart building Market. Rising rapid urbanization and high disposable income in middle-class families are strengthening to adapt IT that manages urban infrastructure and digitalizing urban services is expected to bolster the growth of the GCC Smart building Market.

Furthermore, increasing adoption of technological advanced products by the commercial and residential end-users are expecting to drive the GCC Smart building Market during the forecast period. Increasing government initiatives and guidelines are fuelling the demand of the GCC Smart building Market. However, lack of technology-savvy labor, and significant requirement of new networking infrastructure due to the volume and speed of data are hampering the GCC Smart building Market.

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Based on components, the GCC Smart building Market is segmented into solutions and services. The solution segment helps to solve the operational activities in the smart buildings. The IoT solution improves building efficiency, improves occupancy services and reduces operational costs. The smart building services offers illumination, thermal comfort, air quality, physical security, sanitation, and many more at a low-price and environmental impact onto the smart building lifecycle.

Based on solution type, the GCC Smart building Market is segmented into building infrastructure management, security and emergency management, energy management, network management and workforce management. The energy management solutions in smart building reduce the energy consumption of the building and lower chances of the operational expenses in multi-storey buildings. The parking management system manages multiple parking facilities to reduce the time for parking complexities and congestions.

Based on service type, the GCC Smart building Market is segmented into consulting, system integration and deployment and support and maintenance. The consulting service delivers to understand the importance of smart building solutions. The support and maintenance manage seamless operations of the smart building solutions to increase the demand for support and maintenance.

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Based on the countries, the GCC Smart building Market is segmented into UAE, Saudi Arabia, Oman, Kuwait and rest of GCC. Saudi Arabia and UAE are building smart cities and are require technologically advanced smart building systems. For instance, Saudi Arabia Crown Prince Mohammed bin Salman planned to build a new megacity named NEOM at a planned amount of USD 500 billion. NEOM will be a technology-driven smart megacity with more than 10,000 square miles of land.

Various notable players operating in the market, include Honeywell Intentional Inc., Johnson Controls Intentional PLC, Cisco Systems Inc., Hitachi Ltd., Siemens AG, IBM Corporation, Schneider Electric SE, Intel Corporation, Huawei Technologies Co. Ltd., ABB Limited, L&T Technology Services Limited, 75F LLC., Telit Communications PLC, PointGrab Ltd., Spacewell among others.

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Key Developments

• • In January 2019, Smartworld has signed a Memorandum of Understanding (MoU) for collaboration with Honeywell Building Solutions for smart buildings in UAE. The partnerships focus on sustainable, safe and efficient buildings across the UAE. The deal was promoted for collaborative initiatives that covered building operators, facility managers, consultants and contractors to construct safer, more secure and sustainable buildings.
  • In November 2017, Johnson Controls launched BCPro™, is smart Building Automation System (BAS) designed for conventional commercial buildings. BCPro™ is a powerful tool for fast and easy set-up to reduce the configuration time.

The GCC Smart building Market has been segmented based on component, solution, service type and building type. Based on component, the market is segmented solution and services. Based on solution type, the market is segmented building infrastructure management, security and emergency management, energy management, network management and workforce management. Based on service type, the market is segmented into consulting, system integration and deployment and support and maintenance. Based on the building type, the market is segmented residential, commercial and industrial. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

Key questions answered in this research report:

• • At what pace is the GCC Smart building Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Smart building Market?
  • What will be the impact of drivers and restraints in the future?
  • What are the various types of services of GCC Smart building Market and how they are poised to grow?

Market Segmentation

Report Coverage	Details
Market Base Year	2018
Market Forecast Period	2019-2026
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Component, By Solution Type, By Service Type, By Building Type and By Region
Regional Coverage	GCC
Companies Profiled	Honeywell Intentional Inc.(US), Johnson Controls Intentional PLC (US), Cisco Systems, Inc. (US), Hitachi Ltd. (Japan), Siemens AG (Germany), IBM Corporation (US), Schneider Electric SE (Germany), Intel Corporation (US), Huawei Technologies Co., Ltd. (China), ABB Limited (Switzerland), L&T Technology Services Limited (India), 75F, LLC (US), Telit Communications PLC (Switzerland), PointGrab Ltd. (Israel), Spacewell (Belgium)
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

GCC Smart building Market by Component

• • Solution
  • Services

GCC Smart building Market by Solution

• • Building infrastructure Management
    • Parking Management System
    • Smart Water Management System
    • Elevators and Escalators Management System
  • Security and Emergency Management
    • Access Control System
    • Video Surveillance System
    • Safety System
  • Energy Management
    • HVAC Control System
    • Lighting System
  • Network Management
  • Workforce Management

GCC Smart building Market by Service Type

• • Consulting
  • System Integration and Deployment
  • Support and Maintenance

GCC Smart building Market by Building Type

• • Residential
  • Commercial
  • Industrial

GCC Smart building Market by Countries

• • UAE All-Up Smart Building Market (Option 1: Free 25% Customization)
  • Saudi Arabia All-Up Smart Building Market (Option 2: Free 25% Customization)
  • Oman All-Up Smart Building Market (Option 3: Free 25% Customization)
  • Kuwait All-Up Smart Building Market (Option 4: Free 25% Customization)
  • Rest of GCC All-Up Smart Building Market (Option 5: Free 25% Customization)

GCC Smart building Market Leading Market Players (Option 6 : Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell Intentional Inc.
  • Johnson Controls Intentional PLC
  • Cisco Systems, Inc.
  • Hitachi Ltd.
  • Siemens AG
  • IBM Corporation
  • Schneider Electric SE
  • Intel Corporation
  • Huawei Technologies Co., Ltd.
  • ABB Limited
  • L&T Technology Services Limited
  • 75F, LLC
  • Telit Communications PLC
  • PointGrab Ltd.
  • Spacewell