The Global Building management system market is expected to grow with CAGR of 16.71% during the forecast period of 2016-2023. The major factors driving the global Building management system market are increasing need for automation of security systems in building, Development of Building Automation-Centric Wireless Protocols and Wireless Sensor Network Technology, development of IOT in building automation system, upsurge in demand for energy-efficient systems, increasing use of smartphones in building automation. On the other hand, due to increasing technical difficulty and lack of skilled experts & due to high cost of implementation is the major factors which are hampering the overall growth of the market. With increasing number of new smartphone devices being used to access corporate infrastructure, enterprise wireless networks are under increasing pressure is clearly specifies most significant trends in favour of building management market. Due to advent in communication technology, it is mandatory to improve network capacity to increase efficiency of building solutions which allows mobile environment. The rising demand for connected environment and continuous coverage due to increased dependency upon smartphone or other mobile communication service thus the requirement of such high-performance solution is expected to attract the network operator interest to impart their resources and enhance the building coverage and network capacity. In 2016, global Smartphone industry is values at $428 billion. However, there are around 222.9 million smartphone users in 2017 which will reach up to 264.3 million by 2021. 5G connectivity and Machine Learning will work together to make building management a more autonomous task. Due to its faster speed, less latency, high availability, rapid service deployment and greater efficiency, 5G network have that potential to change the whole scenario of telecom industry in the near future. 5G networks will essential to handle mobile computing and communications requirements of people and also will reach more than 200 billion devices and machines across the world by 2020.
The adoption of Building management system in market is driven by following factors:
- Increasing need for automation of security systems in building
- Development of IOT in building automation system
- Increasing use of smartphones in building automation
- Upsurge in demand for energy-efficient systems,
- Development of Building Automation-Centric Wireless Protocols and Wireless Sensor Network Technology
Source: OBRC Analysis
The Building management system market is majorly segmented on the basis of Communication Technology, application and offering. On the basis of Communication Technology, the Building management system market is further segmented as:
- Wireless Technologies
- Wired Technologies
On the basis of application, the Building management system market is further segmented as:
- Wired Technologies,
- Commercial Application
- Industrial Application.
On the basis of offering, the Building management system market is further segmented as:
- Facility Management Systems,
- Security and Access Control Systems,
- Fire Protection Systems
- Building Energy Management Software
- BAS Services
- Others
According to segmentation, Facility management software is showing the significant market growth due to lighting systems in the building and can save cost from effective management of HVAC (Heating, ventilation, and air conditioning). And also efficient management can result in significant cost saving and consume the highest power in the building.
The revenue for the above Communication Technology, application and offering segment are specific to the Building management system market. However,the total revenue of these communication technology, application and offering in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up product, type and end-user segment.
Geographically, building management systems market has been segmented on the basis of four major region, which include:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
In 2016, Europe registered the largest market share of the total building management system due to the adoption of government initiatives, operational efficiency, changing business dynamic, sustainability advantages and supportive regulatory compliances which strengthen the overall market of the building management system and also helps to increase the penetration of system integration and deployment services.
The major market players of the global Building management system market are:
- ABB LTD.
- AT&T Inc.
- BOSCH SECURITY
- CISCO
- HONEYWELL INTERNATIONAL INC.
- INGERSOLL-RAND PLC
- JOHNSON CONTROLS INTERNATIONAL PLC
- LUTRON ELECTRONICS CO., INC.
- SCHNEIDER ELECTRIC SE
- SIEMENS AG.
- UNITED TECHNOLOGIES CORP.
In 2016 AT&T Inc. has announced that they expect to conduct trials of 5G in 2016 and move aggressively to commercial deployment. Similarly, in 2016 the company announced the complete acquisition of quick play media a leading provider of managed service solutions for the distribution of premium video to IP-connected devices.
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching. Acquisitions and mergers are the key strategies adopted by the market players to sustain in the market. for examples: On June 12, 2017 Honeywell has announced to the acquisition of Industrial Cyber Security Software Leader Nextnine. And this will help provider of security management solutions and technologies for industrial cyber security.
Why to buy the report:
This report will provide you:
- Provide you the business strategies adopted by market player such as acquisition. For Example: Cisco has announced to acquire network security startup Observable Networks and it will be continuing to build up Cisco’s business in applications and cloud services.
- Provide in detail the different segments such as by communication technology and end-users which are affecting the global Building management system market.
- Identify, understand, and the strength, opportunities, challenges and threat of the Building management system market.
- Provide revenues of major players of the market such as Honeywell INTERNATIONAL INC. and JOHNSON CONTROLS INTERNATIONAL PLC., Cisco
- Provide you various the regulatory policies which are affecting the global Building management system market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global Building management system market offers the longest chain of market segmentation covering major market segmentation based on products and end users. The report tracks the major market trends in the global Building management system market such as rising availability of effective treatment options. For each market segments covered in global Building management system market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the Building management system industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, see saw analysis, and porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global Building management system market:
- Increasing need for automation of security systems in building
- Development of Building Automation-Centric Wireless Protocols and Wireless Sensor Network Technology, development of IOT in building automation system, is also fuelling growth in global Building management system market.
- Europe is anticipated to account the largest revenue share in 2016.
- Based on Facility management segments is the dominating market.
- Increasing government support
- Acquisition is the key strategy adopted by the various market players of global Building management system market.
- Commercial application is the major segment of application.