With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Much Will The Smart Buildings (Nonresidential Buildings) Market Be Worth By 2030?
The market size for smart buildings (nonresidential buildings) has experienced significant expansion recently. This market is projected to expand from $77.67 billion in 2025 to reach $87.53 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 12.7%. Historically, this growth can be ascribed to factors such as historical reliance on conventional building systems, the gradual introduction of automation technologies, a rising demand for energy-efficient commercial buildings, the early adoption of access control and surveillance systems, and the expansion of non-residential construction activities.
The smart buildings (nonresidential buildings) market is projected to experience substantial growth in the upcoming years. This sector is forecast to reach $141.98 billion by 2030, demonstrating a robust compound annual growth rate (CAGR) of 12.9%. The expansion anticipated during this period is largely driven by factors such as the increasing integration of sophisticated BEMS solutions, a rising need for cloud-connected automation platforms, and the greater uptake of predictive maintenance technologies. Further contributing to this growth are the proliferation of IoT-enabled smart infrastructure and heightened regulatory demands for energy efficiency in non-residential structures. Key trends observed for the forecast period include a growing emphasis on BEMS-driven energy optimization, the expanded implementation of intelligent security and access-control systems, and the broadening of cloud-connected building automation platforms. Additionally, there is an increase in integrated infrastructure and network management solutions, alongside a greater reliance on predictive maintenance and remote monitoring technologies.
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The Key Driver Behind The Smart Buildings (Nonresidential Buildings) Market’s 12.9% CAGR
The expanding deployment of Internet of Things (IoT) devices is anticipated to fuel the expansion of the smart buildings (nonresidential buildings) market moving forward. IoT devices are networked intelligent gadgets that incorporate sensors, software, and network capabilities, gathering, sharing, and interpreting data for automated oversight and management of physical spaces. The uptake of IoT devices is growing, driven by a demand for greater operational efficiency and cost savings, as businesses increasingly look for automated methods to supervise building systems, fine-tune energy use, and cut down real-time operational costs. This growing reliance on IoT devices stimulates the need for smart building infrastructure, given that these integrated systems facilitate automated control over aspects like lighting, heating, ventilation, security, and facility management, thereby improving building efficiency and occupant well-being. For example, in February 2023, BuildOps Inc., a US-based software-as-a-service (SaaS) company, reported that the cumulative number of IoT-connected devices is forecast to hit 16 billion by 2023, which signifies a 28% rise from 2022. Consequently, the expanding deployment of Internet of Things (IoT) devices is a key factor propelling the growth of the smart buildings (nonresidential buildings) market.
Smart Buildings (Nonresidential Buildings) Market Classification: Main Segments And Detailed Subsegments
The smart buildings (nonresidential buildings) market covered in this report is segmented –
1) By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System
2) By Product Type: Institutional Buildings, Commercial Buildings
3) By System Type: New Constructions, Remodeling Projects
4) By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial facilities, Other Applications
Subsegments:
1) By Intelligent Security System: Access Control Systems, Video Surveillance Systems, Intrusion Detection Systems
2) By Building Energy Management System (BEMS): HVAC Control Systems, Lighting Control Systems, Energy Monitoring and Optimization Tools
3) By Infrastructure Management System: Facility Management Software, Asset Tracking and Management Tools, Maintenance Management Systems
4) By Network Management System: Network Monitoring and Performance Management, Data Center Management Tools, Cloud-Based Management Solutions
Smart Buildings (Nonresidential Buildings) Market Strategic Shifts: What Leading Players Are Prioritizing
Leading companies in the smart buildings (non-residential buildings) market are concentrating on creating innovative solutions, including artificial intelligence (AI)-powered integrated building management platforms, to boost energy efficiency, streamline building operations, and elevate occupant comfort. These AI-powered platforms utilize sophisticated data analytics, machine learning, and live sensor data to autonomously monitor, manage, and fine-tune essential building systems, enabling facility managers to decrease energy use, cut down on operating expenses, and establish non-residential environments that are safer, more comfortable, and sustainable. For example, in June 2025, Honeywell International Inc., a US-based building-automation and industrial-technology company, introduced Honeywell Connected Solutions (built on their Forge platform). This AI-powered platform unifies crucial building software and technologies into one interface, specifically designed for non-residential portfolios. The solution provides advanced encryption for cybersecurity, alongside capabilities for remote monitoring and diagnostics, predictive maintenance, and energy management, which collectively assist operators in minimizing labor time, costs, and their carbon footprint.
Smart Buildings (Nonresidential Buildings) Market Company Analysis: Major Industry Participants
Major companies operating in the smart buildings (nonresidential buildings) market are China State Construction Engineering Co., Ltd., VINCI, Bechtel Corporation, Skanska AB, Turner Construction Company, Jacobs Engineering Group Inc., The Whiting-Turner Contracting Company, PCL Construction, AECOM, BESIX Group, Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction Company, GVK Group, Kajima Corporation, Shimizu Corporation, Shanghai Intelligent Building Technology (SIBT), Obayashi Corporation, Taisei Corporation, Balfour Beatty, Bouygues, Royal BAM Group, Laing O`Rourke, ACS Group, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Gilbane Building Company, Empresas ICA SAB de CV, Carso Infraestructura y Construcción S.A.B., Clark Group, Swinerton, Hensel Phelps, Lendlease, Arabian Construction Company, WBHO Construction (Pty) Ltd., Stefanutti Stocks (Pty) Ltd, WK construction, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio
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Smart Buildings (Nonresidential Buildings) Market Global Regional Breakdown: Key Regions Analyzed
Asia-Pacific was the largest region in the smart buildings (non-residential buildings) market in 2025. South America is expected to be the fastest-growing region in the global smart buildings (nonresidential buildings) market during the forecast period. The regions covered in the smart buildings (nonresidential buildings) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
