Global Integrated Building Management Systems Market 2024-2028
The integrated building management systems market is forecasted to grow by USD 13.20 bn during 2023-2028, accelerating at a CAGR of 12.01% during the forecast period. The report on the integrated building management systems 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 greater ease in monitoring and controlling building operations, growing demand for energy efficiency and sustainability in buildings, and increasing government regulations regarding construction.
Technavio's integrated building management systems market is segmented as below:
By Component
By End-user
- Commercial
- Residential
- Government
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the growing popularity of coworking spaces as one of the prime reasons driving the integrated building management systems market growth during the next few years. Also, increasing integration of IoT with IBMS and advent of robotic and cognitive automation in real estate sector will lead to sizable demand in the market.
The report on the integrated building management systems market covers the following areas:
- Integrated building management systems market sizing
- Integrated building management systems market forecast
- Integrated building management systems 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 integrated building management systems market vendors that include ABB Ltd., Advantech Co. Ltd., Azbil Corp., Beijer Electronics Group AB, Carrier Global Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Kieback and Peter GmbH and Co. KG, Lutron Electronics Co. Inc., Messung Group of Companies, OBERIX GROUP, Prism Enterprise Electrical Trading LLC, Schneider Electric SE, Siemens AG, Snap One LLC, Vitrex, and Convergint Technologies LLC. Also, the integrated building management systems 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.