Global Building Management System Market Size, Growth, Opportunity and Forecast

  • Product Code:
    RP-ID-10008796
  • Published Date:
    17 Jul 2021
  • Region:
    Global
  • Pages:
    131
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-12

Impact Analysis on the Growth of Market

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Market Overview:

Global Building Management System Market
By Service Type (Managed Services, Professional Services), Software (Energy Management, Infrastructure Management, Emergency Management, Facility Management, Security Management), Application (Commercial, Industrial, Residential), and Regional Market Size, Status and Forecast to 2025

Market Overview:
The Global Building Management System Market was valued at USD 6.72 billion in 2016 and is projected to reach USD 26.96 billion by 2025, growing at a CAGR of 16.69% from 2017 to 2025.

A building management system (BMS) is a computer-based control system installed in buildings that controls and monitors the building's mechanical and electrical equipment such as ventilation, lighting, power systems, fire systems, and security systems. There are several benefits of having BMS such as - energy efficient, reduced operation and maintenance costs, improve staff productivity, improved reliability, improved comfort conditions, real-time alerts, and improved services.

Sample Infographics:



Market Dynamics:
1. Market Drivers
1.1 Increasing demand from the emerging economies
1.2 Adoption of analytics in building management
1.3 Rising integration of IoT
1.4 Easy building operation and maintenance
1.5 Growing need for energy-efficient and eco-friendly buildings
2. Market Restraints
2.1 Poor awareness about the BMS
2.2 High implementation cost
2.3 Lack of technical expertise

Market Segmentation:
The Global Building Management System Market is segmented on the service type, software, application, and region.

1. Service Type:
1.1 Managed Services
1.2 Professional Services

2. By Software:
2.1 Energy Management
2.2 Infrastructure Management
2.3 Emergency Management
2.4 Facility Management
2.5 Security Management

3. By Application:
3.1 Commercial
3.2 Industrial
3.3 Residential

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Honeywell International Inc.
2. Schneider Electric SE
3. IBM Corporation
4. Delta Controls
5. Buildingiq, Inc.
6. Crestron Electronics, Inc.
7. Johnson Controls International PLC
8. Siemens AG
9. United Technologies Corp.
10. Ingersoll-Rand PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Building Management System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
 


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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1. Honeywell International Inc.
2. Schneider Electric SE
3. IBM Corporation
4. Delta Controls
5. Buildingiq, Inc.
6. Crestron Electronics, Inc.
7. Johnson Controls International PLC
8. Siemens AG
9. United Technologies Corp.
10. Ingersoll-Rand PLC
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