Global Building Management Systems Market to Reach $68.2 Billion by 2030
The global market for Building Management Systems estimated at US$24.1 Billion in the year 2023, is expected to reach US$68.2 Billion by 2030, growing at a CAGR of 16% over the period 2023-2030. Professional Services, one of the segments analyzed in the report, is expected to record 15.4% CAGR and reach US$44.2 Billion by the end of the analysis period. Growth in the Managed Services segment is estimated at 17.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.3 Billion, While China is Forecast to Grow at 15.4% CAGR
The Building Management Systems market in the U.S. is estimated at US$7.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.7 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.2% and 13.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12% CAGR.
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