0

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

  • Published: Sep 2021
  • Pages: 142
  • SKU: IRTNTR40961
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The integrated building management systems market share is expected to increase by USD 10 billion from 2020 to 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 integrated building management systems 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 During the Forecast Period?

Download the Free Report Sample to Unlock the Integrated Building Management Systems Market Size for the Forecast Period and Other Important Statistics

 

Integrated Building Management Systems Market: Key Drivers, Trends, and Challenges

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.

Key Integrated Building Management Systems Market Driver

One of the key factors driving the integrated building management systems market is the greater ease in monitoring and controlling building operations. IBMS simplifies building operations and maintenance and act as a control system responsible for the automatic regulation and control of facility sub-systems. It also functions as a central unit responsible for the maintenance of the predefined parameters set for different systems in a building and the precise control of their functionalities. There are various sub-systems in a building, which operate as disparate units; these include HVAC, lighting, and the fire-safety system. By installing and implementing IBMS, all these systems are connected to one centralized system for effective and transparent management. IBMS continuously monitor the performance of systems, such as central fume collection, laminar flow units, the dust collection system, and heat blowers, and provide early identification of units that require attention or maintenance. Thus, the installation of IBMS allows building managers to have better control of building operations. This eventually drives the global IBMS market during the forecast period.

Key Integrated Building Management Systems Market Trend

A key factor shaping the integrated building management systems market growth is the increasing government regulations. Regulations on energy use and management are becoming increasingly stringent as more governments have started to accept that the world is facing a global threat because of climate change. Therefore, more countries are introducing guidelines and legislation to minimize the global carbon footprint. In 2019, the UK Government altered the target for emissions to net-zero, which means that emissions from the residential, transport, farming, and industrial sectors will have to be at zero-level or should be offset completely by 2050. Similarly, in April 2019, the Urban Green Council of New York passed several environmental regulations before Earth Day, which reduced the ceiling on the greenhouse gas emissions from private buildings that exceeded 25,000-square-feet in area. The council expects that this initiative will help them reduce emissions of most large buildings by 40% by 2030. All these regulations will trigger the adoption of IBMS during the forecast period. Thus, with the growing stringency of regulations, regional and national authorities across the world are revising their emission targets.

Key Integrated Building Management Systems Market Challenge

The vulnerability issues and cybersecurity threats are the major challenges hindering the integrated building management systems market growth. The implementation of IBMS is extremely complex when compared with traditional systems, such as HVAC, lighting, and safety systems. Any loophole in the integration process exposes the IBMS to various physical as well as cyber security threats. Hence, these systems are not designed with logical security and safety features, and they remain vulnerable to data breaches. Any access to IBMS through an external network remains a concern, especially when the facility has a large information technology infrastructure connected to different business systems. The high risk of a data breach in IBMS exposes a building or a facility to higher risks of a physical break-ins. The number of incidents involving data breaches and files being stolen by hackers is increasing across the world. IBMS has access to all the sensitive areas/information of a building. The operator handling and monitoring the IBMS must understand the various inter-related exploitable vulnerabilities, and this becomes difficult because of the complex structure. Thus, any breach and unauthorized access to IBMS data may lead to a privacy violation, affect brand loyalty, and result in expensive lawsuits and insurance claims.

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.

Parent Market Analysis

Technavio categorizes the global integrated building management systems market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the integrated building management systems market during the forecast period.

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 growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Azbil Corp. - The company offers savic-net and Facility Management Station.

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.

Integrated Building Management Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the integrated building management systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

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

For more insights on the market share of various regions Request for a FREE sample now!

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

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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 boosted the growth of the IBMS market in the region. The remote working model adopted by many sectors during the COVID-19 pandemic has fueled the need for IBMS as more employees are staying at home and require constant network facilities and assistance in power-line communication technology. Therefore, enterprises in the region have been adopting IBMS, as it helps in minimizing data loss risks during critical situations such as the pandemic. Such factors are expected to propel the growth of the IBMS market in the region during the forecast period.

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

To gain further insights on the market contribution of various segments Request for a FREE sample

The integrated building management systems market share growth by the commercial will be significant during the forecast period. The commercial building sector is extremely diverse, as consumer needs are always evolving. The rapid adoption of advanced technology in commercial buildings due to the growing functionality and efficiency requirements of modern consumers is leading to major changes in the CRE industry and driving the 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.

 

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

Key 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 recovery analysis 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.

Request for a FREE sample

What are the Key Data 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 03: Offerings of vendors included in the market definition
    • 3.2 Market segment analysis
      • Exhibit 04: Market segments
    • 3.3 Market size 2020
      • 3.4 Market outlook: Forecast for 2020 - 2025
        • Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ billion)
        • Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

      4 Five Forces Analysis

      • 4.1 Five forces summary
        • Exhibit 07: Five forces analysis 2020 & 2025
      • 4.2 Bargaining power of buyers
        • Exhibit 08: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 09: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 10: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 11: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 12: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 13: Market condition - Five forces 2020

      5 Market Segmentation by End-user

      • 5.1 Market segments
        • Exhibit 14: End-user - Market share 2020-2025 (%)
      • 5.2 Comparison by End-user
        • Exhibit 15: Comparison by End-user
      • 5.3 Commercial - Market size and forecast 2020-2025
        • Exhibit 16: Commercial - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 17: Commercial - Year-over-year growth 2020-2025 (%)
      • 5.4 Residential - Market size and forecast 2020-2025
        • Exhibit 18: Residential - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 19: Residential - Year-over-year growth 2020-2025 (%)
      • 5.5 Government - Market size and forecast 2020-2025
        • Exhibit 20: Government - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 21: Government - Year-over-year growth 2020-2025 (%)
      • 5.6 Market opportunity by End-user
        • Exhibit 22: Market opportunity by End-user

      6 Market Segmentation by Component

      • 6.1 Market segments
        • Exhibit 23: Component - Market share 2020-2025 (%)
      • 6.2 Comparison by Component
        • Exhibit 24: Comparison by Component
      • 6.3 Hardware - Market size and forecast 2020-2025
        • Exhibit 25: Hardware - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 26: Hardware - Year-over-year growth 2020-2025 (%)
      • 6.4 Software - Market size and forecast 2020-2025
        • Exhibit 27: Software - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 28: Software - Year-over-year growth 2020-2025 (%)
      • 6.5 Services - Market size and forecast 2020-2025
        • Exhibit 29: Services - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 30: Services - Year-over-year growth 2020-2025 (%)
      • 6.6 Market opportunity by Component
        • Exhibit 31: Market opportunity by Component

      7 Customer landscape

      8 Geographic Landscape

      • 8.1 Geographic segmentation
        • Exhibit 33: Market share by geography 2020-2025 (%)
      • 8.2 Geographic comparison
        • Exhibit 34: Geographic comparison
      • 8.3 Europe - Market size and forecast 2020-2025
        • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
      • 8.4 APAC - Market size and forecast 2020-2025
        • Exhibit 37: APAC - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 38: APAC - Year-over-year growth 2020-2025 (%)
      • 8.5 North America - Market size and forecast 2020-2025
        • Exhibit 39: North America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 40: North America - Year-over-year growth 2020-2025 (%)
      • 8.6 MEA - Market size and forecast 2020-2025
        • Exhibit 41: MEA - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 42: MEA - Year-over-year growth 2020-2025 (%)
      • 8.7 South America - Market size and forecast 2020-2025
        • Exhibit 43: South America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 44: South America - Year-over-year growth 2020-2025 (%)
      • 8.8 Key leading countries
        • Exhibit 45: Key leading countries
      • 8.9 Market opportunity by geography
        • Exhibit 46: Market opportunity by geography

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • 9.3 Market trends

            10 Vendor Landscape

            • 10.1 Vendor landscape
              • Exhibit 48: Vendor landscape
            • 10.2 Landscape disruption
              • Exhibit 49: Landscape disruption
              • Exhibit 50: Industry risks
            • 10.3 Competitive scenario

              11 Vendor Analysis

              • 11.1 Vendors covered
                • Exhibit 51: Vendors covered
              • 11.2 Market positioning of vendors
                • Exhibit 52: Market positioning of vendors
              • 11.3 Azbil Corp.
                • Exhibit 53: Azbil Corp. - Overview
                • Exhibit 54: Azbil Corp. - Business segments
                • Exhibit 55: Azbil Corp. - Key offerings
                • Exhibit 56: Azbil Corp. - Segment focus
              • 11.4 Carrier Global Corp.
                • Exhibit 57: Carrier Global Corp. - Overview
                • Exhibit 58: Carrier Global Corp. - Business segments
                • Exhibit 59: Carrier Global Corp. - Key offerings
                • Exhibit 60: Carrier Global Corp. - Segment focus
              • 11.5 Cisco Systems Inc.
                • Exhibit 61: Cisco Systems Inc. - Overview
                • Exhibit 62: Cisco Systems Inc. - Business segments
                • Exhibit 63: Cisco Systems Inc. - Key offerings
                • Exhibit 64: Cisco Systems Inc. - Segment focus
              • 11.6 Delta Electronics Inc.
                • Exhibit 65: Delta Electronics Inc. - Overview
                • Exhibit 66: Delta Electronics Inc. - Business segments
                • Exhibit 67: Delta Electronics Inc. - Key offerings
                • Exhibit 68: Delta Electronics Inc. - Segment focus
              • 11.7 Emerson Electric Co.
                • Exhibit 69: Emerson Electric Co. - Overview
                • Exhibit 70: Emerson Electric Co. - Business segments
                • Exhibit 71: Emerson Electric Co. – Key news
                • Exhibit 72: Emerson Electric Co. - Key offerings
                • Exhibit 73: Emerson Electric Co. - Segment focus
              • 11.8 Honeywell International Inc.
                • Exhibit 74: Honeywell International Inc. - Overview
                • Exhibit 75: Honeywell International Inc. - Business segments
                • Exhibit 76: Honeywell International Inc. - Key offerings
                • Exhibit 77: Honeywell International Inc. - Segment focus
              • 11.9 Ingersoll Rand Inc.
                • Exhibit 78: Ingersoll Rand Inc. - Overview
                • Exhibit 79: Ingersoll Rand Inc. - Business segments
                • Exhibit 80: Ingersoll Rand Inc. – Key news
                • Exhibit 81: Ingersoll Rand Inc. - Key offerings
                • Exhibit 82: Ingersoll Rand Inc. - Segment focus
              • 11.10 Johnson Controls International Plc
                • Exhibit 83: Johnson Controls International Plc - Overview
                • Exhibit 84: Johnson Controls International Plc - Business segments
                • Exhibit 85: Johnson Controls International Plc – Key news
                • Exhibit 86: Johnson Controls International Plc - Key offerings
                • Exhibit 87: Johnson Controls International Plc - Segment focus
              • 11.11 Schneider Electric SE
                • Exhibit 88: Schneider Electric SE - Overview
                • Exhibit 89: Schneider Electric SE - Business segments
                • Exhibit 90: Schneider Electric SE - Key offerings
                • Exhibit 91: Schneider Electric SE - Segment focus
              • 11.12 Siemens AG
                • Exhibit 92: Siemens AG - Overview
                • Exhibit 93: Siemens AG - Business segments
                • Exhibit 94: Siemens AG - Key offerings
                • Exhibit 95: Siemens AG - Segment focus

              12 Appendix

              • 12.1 Scope of the report
                • 12.2 Currency conversion rates for US$
                  • Exhibit 96: Currency conversion rates for US$
                • 12.3 Research methodology
                  • Exhibit 97: Research Methodology
                  • Exhibit 98: Validation techniques employed for market sizing
                  • Exhibit 99: Information sources
                • 12.4 List of abbreviations
                  • Exhibit 100: List of abbreviations

                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
                Technavio

                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
                Technavio

                TechnavioREPORT WRITING

                Qualitative

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

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
                Get your FREE sample now!
                The integrated building management systems market growth will increase by $10.7 billion during 2020-2024.
                The integrated building management systems market is expected to grow at a CAGR of 12.45% during 2020-2024.
                Technavio has segmented the integrated building management systems market by end user (Commercial, Residential, and Government) ,component (Hardware, Software, Services, MEA, and South America) , and geographic (Europe, APAC, North America, South America, and Europe).
                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 38.52% 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 major factor driving the global IBMS market is the simplification of building operations and maintenance using IBMS. IBMS act as a control system, which is responsible for the automatic regulation and control of facility sub-systems, the maintenance of the predefined parameters set for different systems in a building, and the precise control of their functionalities. Thus, IBMS allows property owners and managers to manage, control, and operate the functioning of their buildings easily and more efficiently.There are various sub-systems in a building, which operate as disparate units; these include HVAC, lighting, and the fire safety system. By installing and implementing IBMS, all these systems are connected to one centralized system for effective and transparent management. Moreover, the data generated from these systems is then collectively used by IBMS to achieve greater operational efficiency.For instance, all the parts of an HVAC system, including the duct temperature, pressure, and humidity, as well as the exhaust temperature, are connected to the IBMS, and if the value for any of these sub-systems exceeds the pre-defined limits, an alarm is generated. Along with the alarm, the fire safety systems are automatically activated, which helps the property manager and/or owner to make crucial decisions in real time. Similarly, IBMS continuously monitor the performance of systems, such as central fume collection, laminar flow units, the dust collection system, and heat blowers, and provide early identification of units that require attention or maintenance.If a building uses non-integrated and manual management processes, i.e., it does not have IBMS, then property managers and owners must keep a check on these sub-systems individually to ensure optimal operations. Thus, the installation of IBMS allows building managers to have better control of all building operations. This eventually drives the global IBMS market during the forecast period.

                • Growing popularity of coworking spaces

                  There has been a rise in the number of coworking spaces across the world, especially in emerging economies. The major reason for this growth is the increasing number of start-ups globally. In addition, leasing space on a membership basis results in lower costs when compared with renting a full office space. In a coworking space, the occupants share a range of facilities, such as furniture, printers, phones, and technical support. The building tenants also share costs related to the property as well as the Internet and energy use. Advances in technology have become one of the main enablers of the growth of coworking spaces. The availability of advanced IT infrastructure and fast-speed Internet connectivity are the factors attracting people to adopt coworking spaces. As more buildings offer coworking spaces to companies, the competition in the market is increasing. With the growing competition in the market, property managers and coworking space owners are increasingly using technology solutions, such as IBMS, to differentiate themselves from their competitors by providing a superior experience to tenants.The growing popularity of coworking spaces is expected to drive the higher adoption of IBMS and other IoT-enabled solutions, as these technologies will become critical for coworking space owners to gain a competitive advantage. Sensors in these connected coworking spaces will collect information on the occupancy rate, temperature, and energy consumption, which is further analyzed in a centralized software application to enable end-users to make strategic decisions. The analysis of the data pertaining to the occupancy of working spaces and conference rooms will enable better workspace optimization. The analysis of the data can also highlight workplaces that are often underutilized and enable coworking space owners to make improvements and take other strategic decisions with regard to the building.During the forecast period, the success of coworking spaces is expected to be determined by the efficiency and flexibility of building operations, workspace optimization, and greater connectivity among processes and systems. As such, the rising popularity of coworking spaces is expected to be a positive trend for the global IBMS market.

                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.
                Safe and Secure SSL Encrypted
                Technavio

                Single User:

                2500 USD

                Technavio Get the report (PDF) sent to your email within minutes.

                Subscribe & Save

                Get lifetime access to our
                Technavio Insights

                Want to customize this report?

                This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

                We offer $1000 worth of FREE customization at the time of purchase
                Technavio
                Enquire Before Buying
                1. Home
                2. Information Technology
                3. Published Report
                17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>