Integrated Building Management Systems Market by End-user, Component, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40961
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The integrated building management systems market has the potential to grow by USD 10 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.71%.

This integrated building management systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (commercial, residential, and government), component (hardware, software, and services), and geography (Europe, APAC, North America, MEA, and South America). The integrated building management systems market report also offers information on several market vendors, including 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 among others.

What will the Integrated Building Management Systems Market Size be in 2021?

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Integrated Building Management Systems Market: Key Drivers and Trends

The greater ease in monitoring and controlling building operations is notably driving the integrated building management systems market growth, although factors such as vulnerability issues and cybersecurity threats in IBMs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the integrated building management systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the integrated building management systems market is the greater ease in monitoring and controlling building operations.
  • IBMS allows property owners and managers to manage, control, and operate the functioning of their buildings easily and more efficiently.
  • The data generated from the various sub-systems in a building, such as HVAC, lighting, and the fire safety system, is then collectively used by IBMS to achieve greater operational efficiency,
  • The early identification of units that require attention or maintenance will prevent individual checks on these sub-systems by the property managers and owners.
  • The growing demand for energy efficiency and sustainability in buildings is another major factor supporting growth in the integrated building management systems market.
  • Vendors in the real estate sector are increasingly investing in low-carbon technologies to reduce energy demand.
  • In a building, the HVAC and lighting systems consume the most amount of energy, and thus, it becomes crucial to monitor their use.
  • IBMS enables property managers and owners to monitor and control all the disparate systems in the building efficiently and in real-time.

This integrated building management systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Integrated Building Management Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Siemens AG

 

This statistical study of the integrated building management systems market encompasses successful business strategies deployed by the key vendors. The integrated building management systems market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The integrated building management systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Integrated Building Management Systems Market?

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35% of the market’s growth will originate from Europe during the forecast period. The UK and Germany are the key markets for the integrated building management systems market in Europe. Market growth in this region will be slower than the growth of the market in APAC.

The growing trend of smart buildings, along with the increasing focus on reducing carbon emissions, will facilitate the integrated building management systems market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Integrated Building Management Systems Market?

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The integrated building management systems market share growth by the commercial segment will be significant during the forecast period. The global commercial real estate (CRE) industry has seen steady growth in the past owing to the steady increase in economic growth and employment in key global markets and the rise in investments. The rapid adoption of advanced technology in commercial buildings due to the growing functionality, efficiency and, environmental sustainability requirements of modern consumers is leading to major changes in the CRE industry and increasing adoption of IBMS in this segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the integrated building management systems market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Integrated Building Management Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive integrated building management systems market growth during the next five years
  • Precise estimation of the integrated building management systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the integrated building management systems industry across Europe, APAC, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of integrated building management systems market vendors

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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

$ 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 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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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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The integrated building management systems market growth will increase by $10.70 billion during 2019-2024.
The integrated building management systems market is expected to grow at a CAGR of 12.45% during 2019-2024.
Technavio has segmented the integrated building management systems market by end user (Commercial, Residential, and Government) and geographic (Europe, APAC, North America, MEA, and South America).
Azbil Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Ingersoll-Rand Plc, Johnson Controls International Plc, Schneider Electric SE, Siemens AG, United Technologies Corp. are a few of the key vendors in the integrated building management systems market.
Europe will register the highest growth rate of 34.02% among the other regions. Therefore, the integrated building management systems market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the integrated building management systems market growth are:
  • Greater ease in monitoring and controlling building operations
The integrated building management systems market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
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