NEW YORK, Oct. 19, 2021 /PRNewswire/ -- The integrated building management systems market is expected to grow by USD 10 billion from 2021 to 2025, progressing at a CAGR of 12.71% according to the latest market report by Technavio.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Azbil Corp., Carrier Global Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Schneider Electric SE, and Siemens AG are some of the major market participants. The greater ease in monitoring & controlling building operations, growing demand for energy efficiency & sustainability in buildings, and the increasing government regulations will offer immense growth opportunities. However, vulnerability issues and cybersecurity threats in IBMS might hamper the market growth.
Integrated Building Management Systems Market 2021-2025: Segmentation
Integrated Building Management Systems Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our integrated building management systems market report covers the following areas:
Integrated Building Management Systems Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Integrated Building Management Systems Market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Integrated Building Management Systems Market 2021-2025: Key Highlights
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Integrated Building Management Systems Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 12.71% |
Market growth 2021-2025 | USD 10 billion |
Market structure | Concentrated |
YoY growth (%) | 11.88 |
Regional analysis | Europe, APAC, North America, MEA, and South America |
Performing market contribution | Europe at 35% |
Key consumer countries | US, China, UK, Germany, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Azbil Corp., Carrier Global Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Schneider Electric SE, and Siemens AG |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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