Since the area adopts the advantages of cutting-edge technology and creative construction solutions, the South American smart building industry is expanding and changing quickly. In order to improve building efficiency, sustainability, and safety, infrastructure has to be updated in nations like Brazil, Argentina, Chile, and Colombia, where population expansion, urbanisation, and economic development are all on the rise. Smart building technologies offer a compelling solution to these challenges by integrating IoT (Internet of Things), artificial intelligence, data analytics, and automation systems to create intelligent, connected, and responsive buildings. These technologies enable buildings to optimise energy usage, reduce operational costs, enhance occupant comfort, and improve overall building performance. Governments in South America are also playing a pivotal role in driving the adoption of smart building solutions through incentives, regulations, and initiatives aimed at promoting energy efficiency, sustainability, and urban development. As a result, the South America smart building market presents significant opportunities for industry players, including technology providers, building owners, developers, and service providers, to innovate, collaborate, and capitalise on the growing demand for smart building solutions in the region. With a focus on innovation, sustainability, and user-centric design, the South American smart building market is poised for continued growth and evolution, shaping the future of urban infrastructure and building development in the region. According to the research report, “South America Smart Building Market Research Report, 2029,” published by Actual Market Research, the South America Smart Building market is expected to add more than USD 3 Billion from 2024–2029. Millions of people are moving from rural to urban locations across South America at a rapid rate in quest of better living and economic prospects. The increasing number of people living in urban areas is driving the need for smart buildings and other technological infrastructure to enable sustainable urban development and meet the demands of city dwellers. In South America, the need for sustainable and energy-efficient construction solutions is rising due to worries about climate change, environmental sustainability, and energy usage. Smart building technology can help achieve the region's objectives for ecological preservation and green development by optimising energy use, lowering carbon emissions, and improving building performance. Innovation in smart building solutions is being propelled by technological advancements like cloud computing, artificial intelligence, the IoT (Internet of Things), and data analytics. By making buildings more intelligent, networked, and user-responsive, these technologies improve occupant productivity, safety, and comfort. Smart building technologies help reduce operating costs, improve operational efficiency, and enhance asset performance by automating routine tasks, optimising resource usage, and providing actionable insights for decision-making. Building owners and operators in South America are increasingly recognising the cost-saving benefits of smart building solutions, which can lead to significant returns on investment over time. With rising concerns about safety and security in public spaces and buildings, there is growing demand for smart building solutions that enhance security measures, such as access control systems, surveillance cameras, and emergency response systems. Smart buildings provide real-time monitoring, alerts, and automation features to improve building security and safety for occupants. Market Drivers
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download Sample• Demand for Enhanced Building Security and Safety: The need for improved building safety and security is one of the main factors propelling the South American smart building industry. The area has a number of security issues, such as high rates of crime, vandalism, and natural catastrophes that endanger building residents and property. To reduce these dangers and guarantee the safety of building inhabitants, there is a rising emphasis on putting modern security and safety systems in place. Solutions for security and safety issues may be found in smart building technologies, which include emergency response systems, surveillance cameras, intrusion detection systems, and access control systems. By providing automatic alarms, remote access management, and real-time monitoring, these technologies help building owners and operators identify hazards, act swiftly in case of an emergency, and improve overall building security. • Energy Efficiency and Sustainability: Growing environmental concerns, rising energy prices, and regulatory demands are driving the South American smart building sector towards energy efficiency and sustainability. The region is facing issues with climate change, carbon emissions, and energy usage, which is driving a change in building methods to ones that are more sustainable and energy-efficient. With features like energy-efficient lighting, HVAC (heating, ventilation, and air conditioning) systems, occupancy sensors, and building automation systems, smart building technologies provide potential to optimise energy use, eliminate waste, and minimise environmental effects. Smart buildings are capable of identifying possibilities for energy savings, optimising building efficiency, and realising large cost reductions via the utilisation of predictive algorithms, real-time monitoring, and data analytics. Market Challenges
• Economic Instability: A major obstacle to the expansion of the South American smart building industry is economic uncertainty, which affects project finance, investment choices, and market share. Political unpredictability, currency fluctuations, and economic instability have all occurred in the area, and these events have the potential to scare away investors and interfere with corporate operations. Building owners and developers may put short-term cost reductions ahead of long-term investments in smart building technology during unstable economic times, postponing or reducing projects in the process. Furthermore, the costs of imported technology and materials might rise due to variable inflation and the currency rate, which puts further pressure on project budgets and profitability. Consumer confidence and purchasing power are also impacted by economic uncertainty, which may lower end users' desire for smart building solutions. • Lack of Skilled Professionals: One of the biggest obstacles to the adoption and use of smart building technology in the South American industry is the lack of qualified personnel. Proficiency in many domains, such as building automation, cybersecurity, data analytics, the Internet of Things, and project management, is essential for the development and administration of intelligent buildings. However, the region lacks qualified personnel with the requisite training, experience, and understanding, which makes it difficult to implement and run smart building systems. The underperformance of smart building systems, project delays, and cost overruns might result from a shortage of qualified personnel. In addition, because technology is developing so quickly, it is necessary for current professionals to continuously train and upskill in order to stay up-to-date with changing industry trends and best practices. Based on the report, the components are segmented into solutions and services. Furthermore, in terms of the report application, it is bifurcated into commercial, residential, and industrial. In South America, services are growing in the smart building market; further, the services are segmented into implementation, consulting, support, and maintenance. In South America, a large number of developers and building owners lack the knowledge and experience needed to handle the challenges of smart building projects. In order to assist clients in identifying their needs, weighing their technological choices, and creating specialised solutions, service providers provide professional direction, strategic counsel, and best practices. Consulting businesses offer market trends, industry insights, and regulatory advice to help with well-informed decision-making and the effective execution of smart building projects. Every building project has unique requirements and challenges that require customised solutions. Service providers offer tailored services to meet the specific needs and preferences of each client, whether it's designing a custom smart building solution, integrating with existing infrastructure, or providing specialised training and support. Customisation ensures that smart building technologies align with the goals, budget, and timeline of each building project, maximising the benefits and value delivered to clients. In South America, commercial buildings contribute the highest market share. Commercial buildings with high energy consumption and operating expenses include office buildings, shopping malls, and hotel chains. By using features like occupancy sensors, predictive maintenance systems, automated lighting and HVAC controls, and reduced waste, smart building technology optimises energy use and minimises operational expenditures. Owners of commercial real estate obtain substantial cost savings and improve the overall performance of their buildings by putting smart building technologies into practice. South America's commercial real estate sector is seeing large investments in both new construction and the renovation of existing structures. In order to future-proof their properties and draw in tenants, developers and property owners are implementing smart building technology into new construction projects. Furthermore, property owners can replace antiquated infrastructure, boost energy efficiency, and improve building performance without having to undertake expensive redevelopment by retrofitting existing buildings with smart building solutions.
Based on the report, the major countries covered include Brazil, Argentina, Colombia, and the rest of South America. With the biggest economy in South America, Brazil is home to a wide variety of businesses, including manufacturing, services, banking, and agriculture. The robust and stable economy of the nation fosters an atmosphere that is conducive to real estate development and infrastructure investment, including smart building projects. Brazil presents numerous prospects for the adoption and deployment of smart building technology across several industries, owing to its strong economic development and urbanisation. Brazil is experiencing rapid urbanisation, with millions of people moving from rural areas to cities in search of better opportunities. This urban population growth has led to increased demand for modern infrastructure, including smart buildings, to accommodate the needs of urban residents and support sustainable urban development. Brazil's major cities, such as São Paulo, Rio de Janeiro, and Brasília, are hubs of economic activity and innovation, driving the adoption of smart building solutions to improve efficiency, sustainability, and quality of life. Brazil has a vibrant ecosystem of technology companies, startups, research institutions, and academic centres that drive innovation and entrepreneurship in the smart building sector. Brazilian companies are at the forefront of developing cutting-edge solutions for building automation, IoT (Internet of Things), data analytics, and energy management. The country's strong technological capabilities and expertise enable Brazil to lead the way in smart building innovation, adoption, and market leadership in South America. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Smart Building market Research Report with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Component • Solutions • Services By Solution • Safety and security management • Energy management • Building infrastructure management • Network management • Integrated Workplace Management System (IWMS) By Services • Implementation • Consulting • Support and maintenance By Application • Commercial • Residential • Industrial The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Smart Building industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
We are friendly and approachable, give us a call.