Global Building Automation Software Market Growth (Status and Outlook) 2023-2029

Global Building Automation Software Market Growth (Status and Outlook) 2023-2029

Building automation is the automatic centralized control of a building's heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system (BAS). The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities. Building automation is an example of a distributed control system – the computer networking of electronic devices designed to monitor and control the mechanical, security, fire and flood safety, lighting (especially emergency lighting), HVAC and humidity control and ventilation systems in a building.

LPI (LP Information)' newest research report, the “Building Automation Software Industry Forecast” looks at past sales and reviews total world Building Automation Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Building Automation Software sales for 2023 through 2029. With Building Automation Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Building Automation Software industry.

This Insight Report provides a comprehensive analysis of the global Building Automation Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Building Automation Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Building Automation Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Building Automation Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Building Automation Software.

The global Building Automation Software market size is projected to grow from US$ 47320 million in 2022 to US$ 84930 million in 2029; it is expected to grow at a CAGR of 8.7% from 2023 to 2029.

One driver in the market is growing need of building automation for enhancing business outcomes. Building automation deployed in industrial, residential, and commercial buildings can substantially improve the outcomes of business operations in terms of efficiency, productivity, and cost. In the light of these benefits, building automation has become an integral aspect of businesses these days. One trend in the market is integration of IoT in building automation system. Traditional buildings are controlled manually, which entails high lead time and operational cost. Similarly, the existing intra-networking between devices suffers from huge disadvantages of limited connectivity due to complex wired or slow wireless technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Building Automation Software market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
BMS Software
Standalone Building Automation Software

Segmentation by application
Commercial Buildings
Industrial Buildings

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Automated Logic
Honeywell International
Johnson Controls
Schneider Electric
Siemens
Advantech
BuildingIQ
Cisco
Control4
ICONICS
Mass Electronics (Innotech)
Trane
FIBARO
EUROICC

Please note: The report will take approximately 2 business days to prepare and deliver.