LONDON--(BUSINESS WIRE)--According to the global building automation software market research report released by Technavio, the market is expected to accelerate at a CAGR of more than 11% during the forecast period. The growing need of building automation for enhancing business outcomes is one of the key drivers for the building automation software market.
This research report titled ‘Global Building Automation Software Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The global building automation software market analysis categorizes the market into the following products:
- BMS software
- Standalone building automation software
In 2016, the BMS software segment accounted for nearly 63% of the building automation software market share and is projected to contribute to nearly 64% share by 2021, exhibiting almost 1% increase in market share.
Global building automation software market: Top emerging trend
The integration of IoT in building automation system is an emerging trend in the building automation software market. Traditional buildings are controlled manually. This requires high lead time and operational cost. But, the connectivity can be enhanced to a large extent through the advanced Internet protocol (IP)-based reliable internet connectivity owing to the incorporation of IoT into building automation. The end-users can monitor multiple building systems through a central hub, creating demand for building automation using this advanced technology. The increasing adoption of IoT owing to deep Internet penetration among certain end-user segments is providing a growth opportunity for the global building automation market, creating a new complementary market for the building automation software.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Building Automation Software Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (BMS software and standalone building automation software)
- Market segmentation by end-user (commercial buildings and industrial buildings)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Automated Logic, Honeywell International, Johnson Controls, Schneider Electric, and Siemens)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
