Building Management System Market Growing at a CAGR of 16.71% During 2017 to 2023 - ReportsnReports

PUNE, India, July 4, 2017 — (PRNewswire) —

The building management system (BMS) market was valued at $6.65 billion in 2016 and is expected to reach $19.25 billion by 2023, at a CAGR of 16.71% between 2017 and 2023. Professional services continue to hold the largest share while Europe to hold the largest share during the forecast period.

Browse 61 tables and 37 figures, 25 Company profiles spread across 137 pages available at:

http://www.reportsnreports.com/reports/1092858-building-management-system-market-by-software-facility-security-energy-emergency-infrastructure-management-service-professional-managed-application-residential-commercial-industrial-and-geography-g-st-to-2023.html

"The building management system market estimated to grow at a CAGR of 16.71% between 2017 and 2023" 

The building management system (BMS) market was valued at $6.65 billion in 2016 and is expected to reach USD 19.25 billion by 2023, at a CAGR of 16.71% between 2017 and 2023. Significant cost benefits to industrial, commercial, and residential users boost the demand for BMSs. Traditionally; operating cost was one of the major concerns for building owners as they had to incur a big expense in the maintenance of the building because of lack of advanced technology.

A simple business consideration for using BMSs is being more energy efficient. As reducing the energy consumption directly transcends into reduced spending on energy, saving power provides a good financial opportunity for businesses and helps improve their profitability. Ensuring that the BMSs in the buildings are operating in peak conditions will enable users to not only improve system efficiency but also reduce operating costs. However, lack of technically skilled workers and high initial implementation costs pose a restraining block in the building management system market.

Get a sample copy of Building Management System market at:   http://www.reportsnreports.com/contacts/requestsample.aspx?name=1092858 .

Maintenance and servicing require trained and skilled personnel to ensure that the BASs run smoothly and have a longer lifespan. In the absence of these conditions, the implementation of building management solutions and services become difficult. For the BMS project, an upfront investment is required at the initial stage of conceptualization, which deters the building managers and operators in installing the systems in the buildings.

Key Target Audience for this Report: 

  • Original device manufacturers (ODMs)
  • Building automation service providers
  • Networking technologies vendors
  • Real estate builders
  • Building automation software solutions providers
  • Building automation service providers
  • Component suppliers
  • Research organizations and consulting companies
  • Application providers
  • Subcomponent manufacturers
  • Technology providers
  • BAS-related associations, organizations, forums, and alliances

"Professional services continue to hold the largest share of the building management system market during the forecast period" 

Professional Services are expected to hold the largest share of the building management system market in 2016. As the adoption of building management solutions increases worldwide driven by regulatory push, amended policy framework, operational efficiencies, cost containment, sustainability benefits, and changing business dynamics, the demand for professional services increases eventually.

The security and access control systems are expected to hold the largest size of the BAS market during the forecast period. Security and access control systems have become an integral part of the safety and security of the buildings and their occupants. This has revolutionized the building security and has eliminated the human interventions. These are installed in buildings to increase the security level, monitor the activities, and keep a record of people entering and exiting the buildings. These systems are used in several businesses to protect the assets, staff, and information, monitor the activities, as well as control the access to the building.

"Europe to hold the largest share of the building management system market during the forecast period" 

Europe is expected to hold the largest share of the building management system market in 2016. The region has been an early adopter of building management systems. The Energy Performance of Buildings Directive (EPBD) has been instrumental in boosting the building management system market in the region.

The building management system ecosystem comprises major players such as Honeywell International Inc. (US), Siemens AG (Germany), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), United Technologies Corp. (US), IBM Corporation (US), Ingersoll-Rand Plc (Ireland), and Delta Controls (Canada)

Purchase a copy of Building Management System Market by Software (Facility, Security, Energy, Emergency, Infrastructure Management), Service (Professional, Managed), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023 Research Report at:

http://www.reportsnreports.com/purchase.aspx?name=1092858 .

The breakup of primaries conducted during the study is depicted in below: By Company Type: Tier1 -30%, Tier 2- 40%, and Tier 3- 30%, By Designation: C-Level Executives-30%, Directors - 35%, and Managers-35%, By Region: North America -29%, Europe -33%, APAC -29%, and RoW -9%

Research Coverage of Building Management System Market: 

  • This report includes the market statistics pertaining to software, service, application, and geography, along with their respective market sizes.
  • Major drivers, restraints, opportunities, and challenges for the building management system market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast for the markets based on software, service type, application, and geography have been conducted to give an overall view of the building management system market.
  • A detailed competitive landscape includes key players, in-depth analysis, and market share of the key players.

Related Reports: 

Building Information Modeling (BIM) Market by Type (Software, Services), Project life cycle (Pre-construction, Construction, Operation), Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities), Geography - Global Forecast to 2022 .

Building Automation System Market by Communication Technology (Wired, and Wireless), Offering (Facilities Management Systems, Security & Access Control Systems, and Fire Protection Systems), Application, and Region - Global Forecast to 2022 .

Smart Building Market by Building Automation Software (Intelligent Security Systems, Energy Management, Infrastructure Management), Building Type (Commercial, Residential, Government), Services (Professional and Managed) - Global Forecast to 2021 .

Explore more reports on Semiconductor and Electronics market at:

http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .

About Us: 

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Contact:
Ritesh Tiwari
2nd Floor, Metropole Building,
Next to Inox Theatre,
Bund Garden Road, Pune - 411001.
Maharashtra, India.
+1-888-391-5441
Email Contact

Connect with Us:  

LinkedIn: http://www.linkedin.com/company/reportsnreports

RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml

SOURCE ReportsnReports

Contact:
ReportsnReports




Review Article Be the first to review this article


Featured Video
Latest Blog Posts
The Open Geospatial Consortium BlogThe OGC Blog
by The Open Geospatial Consortium Blog
OGC appoints three new members to its Board of Directors
Jobs
Director of Strategic Accounts for Sanborn at Colorado Springs, Colorado
Programmer Analyst IV/ DO for City of Houston at Houston, Texas
Geoscientist for University of Nebraska at lincoln, Nebraska
GIS Analyst for City of Carrollton at Carrollton, Texas
Manager, Remote Sensing Sales for One-Compass Suite of Companies at Denver, Colorado
Marketing Assistant for One-Compass Suite of Companies at Denver, Colorado
Upcoming Events
GEO Business at ExCel London United Kingdom - May 19 - 20, 2021
FOSSGIS-Konferenz 2021 at OST - Ostschweizer Fachhochschule Campus Rapperswil Oberseestrasse 10 Rapperswil Switzerland - Jun 6 - 9, 2021
GI_Forum 2021 | re.connecting spatially at Salzburg Austria - Jul 5 - 9, 2021
InterDrone 2021 at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
University of Denver GIS Masters Degree Online



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise