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The building automation software market size is forecast to increase by USD 37.2 billion, at a CAGR of 17.21% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and the growing demand for energy efficiency and enhanced security in various sectors. Integral to this evolution are access control systems, real-time data acquisition, occupancy sensors, smart thermostats, and data security measures. Cloud-based platforms facilitate seamless integration of HVAC control, data storage, and system integration, enabling historical data analysis and third-party collaborations. IoT sensors, artificial intelligence (AI), and machine learning are increasingly incorporated, offering remote diagnostics, predictive analytics, and performance monitoring. Open protocols and integration APIs ensure compatibility, while user interfaces and mobile applications enhance user experience. Edge computing and data analytics further optimize cost and improve response times.
Environmental sensors, lighting control, and automated metering contribute to energy management systems, while data visualization tools facilitate efficient decision-making. Network infrastructure and fault detection systems ensure data security and system reliability. The market's continuous dynamism underscores the importance of staying informed and adaptable to evolving patterns and applications.
The building automation software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The bms software segment is estimated to witness significant growth during the forecast period.
The markets witness significant growth, driven by the adoption of advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT) sensors. AI and machine learning enable predictive analytics and fault detection, leading to energy efficiency and cost optimization. Energy management systems are integral to this market, with real-time data monitoring and historical data analysis facilitating cost savings. Security systems are another critical component, ensuring data security through access control, user roles, and access permissions. Cloud-based platforms and edge computing enable remote monitoring and diagnostics, while open protocols and integration APIs ensure system compatibility. HVAC control, lighting control, and smart thermostats optimize energy usage, while occupancy sensors and smart lighting enhance user comfort.
Cost optimization is a significant factor, with performance monitoring and user interfaces streamlining operations. Building automation systems integrate various environmental sensors, providing data analytics for energy efficiency. Predictive analytics and network infrastructure enable preventive maintenance, reducing downtime. The market is expanding, with third-party integrations and mobile applications enhancing user experience. Neural networks and deep learning facilitate advanced analytics, while proprietary protocols ensure system reliability. Fault detection and energy efficiency are essential focus areas, with a shift towards data-driven decision-making. In summary, the market is evolving, driven by advanced technologies, energy efficiency, and cost optimization. The commercial buildings segment, particularly in North America and Europe, is leading the way, with retrofitting activities fueling growth.
Building automation software is transforming the way we manage and optimize energy usage in commercial and residential buildings.
The BMS software segment was valued at USD 11.90 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the US has witnessed significant advancements in recent years, driven by the integration of artificial intelligence (AI) and the Internet of Things (IoT) sensors. Energy management systems have become more sophisticated with real-time data analysis, predictive analytics, and cost optimization features. Security systems have evolved to include access control, user roles, and data security, all crucial elements for cloud-based platforms. Open protocols and integration APIs have facilitated system integration, enabling seamless communication between various building systems, such as lighting control, HVAC, and environmental sensors. Deep learning and machine learning algorithms have been adopted for fault detection, energy efficiency, and performance monitoring.
Data visualization tools have become essential for building operators, providing insights into historical data and enabling predictive analytics. Mobile applications and remote monitoring have made building automation more accessible, while edge computing and network infrastructure have ensured reliable and efficient data processing. Smart lighting and automated metering have emerged as key trends, offering significant energy savings. Access permissions and neural networks have enhanced security and user experience. Proprietary protocols have given way to open standards, enabling third-party integrations and improving interoperability. The market's evolution has been influenced by the increasing importance of energy efficiency, cost optimization, and sustainability.
Building automation systems have become indispensable tools for managing and optimizing energy consumption, ensuring occupant comfort, and maintaining building health.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The building automation software market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the building automation software market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, building automation software market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - This company provides advanced building automation software, including the ABB-free home Next app with remote access feature. Users can connect the app to the ABB-free@home system via the Internet, enabling convenient control of their homes from anywhere. The software streamlines home management and energy efficiency.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Building Automation Software Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
185 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17.21% |
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Market growth 2024-2028 |
USD 37.2 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
14.98 |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this building automation software market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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