Beyond Customary Energy and Cost Saving Advantages, both 'Hard' and 'Soft' Benefits Extend Immense Growth Opportunities in Building Analytics Market; Growth Trajectory projected at Stellar ~15% CAGR from 2021 - 2031 - TMR

- Need for interpretation of data obtained from smart building technologies for optimum functioning of building HVAC systems, security systems spells growth

- Requisites to monitor inside temperatures of modern buildings for comfort of occupants indirectly creates opportunities

ALBANY, N.Y., May 11, 2021 /PRNewswire/ -- Building Analytics Market – Overview

In times when technological advances in commercial buildings have hit a tipping point, 'analytics' is what is everyone is interested in. In building spaces – from malls and residential buildings to hospitals and commercial high rises – building analytics provide specific advantages to different interest groups, provided it is known what to expect from the system.

In fact, initial pilot projects to attain analytics have been promising, and product developers are striving to improve algorithms at faster rates than ever before. As more people are getting interested to understand building analytics, it is important to have a clear understanding what an analytics effort offers, and what it should be doing for owners, operators, and managers. Meanwhile, how business analytics are important for other industries, in the same way building analytics is useful for various stakeholders for best practices of building management goals.

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Beyond the customary cost savings and energy efficiency benefits, building analytics delivers both 'hard' benefits, and the less quantifiable, yet highly valuable 'soft' benefits for customers. If the hard benefits have to be summarized, they would be;

• Increase the working life of building automation systems
• Provide the direction to prioritize tasks of maintenance, comfort adjustments, and energy saving
• Direct the info to those for whom it is most relevant

Explore 330 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Building Analytics Market (Component: Software/Platform and Services; Deployment: Cloud and On-premise; Application: Fault Detection & Monitoring, Energy Management, Security Management, Emergency Management, Network Management, and Others; and End User: Residential, Commercial, and Government) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 at https://www.transparencymarketresearch.com/building-analytics-market.html