Global Building Management System Market

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.

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