Building Management System Market was valued at USD 6.65 billion in 2017 and is expected to reach USD 19.25 billion by 2027, at a CAGR of 16% between 2021 and 2027.
Building Management System (BMS) is a software-based building control system that tracks and controls mechanical and electrical devices in a building, including fire fighting systems, security systems, lighting, power systems, and ventilation. The building management system consists of software and hardware. The trend of these systems is a growing demand for green, energy efficient, and building security system automation.
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Some of the major players in the market such as Johnson Controls International PLC (Ireland), Schneider Electric (France), Legrand (France), Ingersoll-Rand Plc (Ireland), Robert Bosch GmbH (Germany), and ABB (Switzerland)
By Software
- Facility Management
- Security Management
- Energy Management
- Infrastructure Management
- Emergency Management
By Service Type
- Professional Services
- Managed Services
By Application
- Residential
- Commercial
- Industrial
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Scope of the Report
The research study analyzes the global Building Management System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Building Management System Market Report
1. What was the Building Management System Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Building Management System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Building Management System Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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