Global Building Automation Software Market 2024-2028
The building automation software market is forecasted to grow by USD 37.2 bn during 2023-2028, accelerating at a CAGR of 17.21% during the forecast period. The report on the building automation software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for building automation to enhance business outcomes, stringent government regulations on energy consumption in buildings, and growing demand for energy efficiency and sustainability in buildings.
Technavio's building automation software market is segmented as below:
By Product
- BMS software
- Standalone building automation software
By End-user
- Commercial
- Industrial
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the emergence of customized building automation software as one of the prime reasons driving the building automation software market growth during the next few years. Also, centralized remote control of building automation software through mobile devices and increasing integration of iot with building automation software will lead to sizable demand in the market.
The report on the building automation software market covers the following areas:
- Building automation software market sizing
- Building automation software market forecast
- Building automation software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading building automation software market vendors that include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., EUROICC, General Electric Co., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc., Lennox International Inc., Lutron Electronics Co. Inc., RTX Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG. Also, the building automation software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.