According to the research report titled ‘Global Homes and Buildings Market 2022-2028’, available with MarketStudyReport, global homes and buildings market was worth USD 1244 billion in 2021 and is anticipated to expand at a CAGR of 4.1% during the analysis timeframe to amass a valuation of USD 1648 billion by the year 2028.

Report findings suggest that global homes and buildings market growth is attributed to strong customer demand, in consort with initiatives for business modifications by leading players.

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Furthermore, growing awareness of facility managers and building owners towards climate change, focus on improving well-being & overall experience, and readiness to invest in digitalization of buildings are expected to augment industry trends during the forecast period.

On the contrary, uncertainties such as semiconductor shortage, supply chain disruptions, construction delays, and geopolitical issues are slated to stifle industry expansion in the coming years.

The report offers complete investigation of the latest market trends including growth drivers, restraining factors, upcoming opportunities as well as challenges. It also provides respective solutions to overcome the issues, and discover other profit-making tactics to construct a positive growth curve of the industry.

Based on component, worldwide homes and buildings market is branched into construction management, smart homes, facility management, fire safety & security, smart building management, energy management, and lighting. Among these, the facility management segment accounted for a major revenue share in the recent past and is anticipated to grow consistently during the analysis timeframe.

Regionally speaking, the industry dynamics are studied across Europe, North America, Asia Pacific, and rest of the world. The study document also highlights the regional contribution along with the available opportunities.

Xicato Inc., Sodexo S.A., Signify N.V., Siemens AG, Schneider Electric SE, Robert Bosch GmbH, Osram Licht AG, Mitie Group plc, Lumos Controls, LEGRAND S.A., Jones Lang LaSalle Incorporated (JLL), Johnson Controls International plc (JCI), ISS A/S, Honeywell International Inc., GE Current, Eaton Corporation plc, Daikin Industries Ltd., Compass Group plc, CBRE Group Inc., Carrier Global Corporation, Acuity Brands Inc., and ABB Ltd. are the leading players in global homes and buildings market.