Integrated Building Management Systems Market Revenue, Region, Country, and Segment Analysis & Sizing For 2020–2028
The global Integrated Building Management Systems market is quite competitive and comprise various key players operating at regional and global level, according to a recent report published by Reports and Data (RND). Cisco, Honeywell, Johnson Controls, Schneider Electric, United Technologies, Bosch Security, BuildingLogiX, Siemens and Bajaj Electricals are some of the top players operating in the global market. These players are focusing on developing various strategies such as mergers and acquisitions, partnerships, joint ventures, investments in research and development activities and partnerships to strengthen their market position and enhance their product base.
The global Integrated Building Management Systems Market size was
significantly robust in 2020 and is expected to register a steady revenue CAGR
over the forecast period. Key factors providing impetus to market revenue
growth are the increased use of IBMS due to ease of monitoring and controlling
building operations in end-user industries. Key players are focusing on
integrating technology into their products with the introduction of the Internet
of Things (IoT). Artificial intelligence (AI) and Big Data will
be supported by IoT-enabled gadgets. IoT-enabled IBMSs are expected to provide
greater connectivity, improved productivity, and significant comfort to
building occupants, thus driving the growth of Integrated Building Management
Systems Market.
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Based on application type, the application 1 is expected to
account for robust revenue growth over the forecast period owing to increasing
number of threats and cybersecurity in healthcare sector and rising application
of ICT.
Geographically, the global Integrated Building Management Systems
market in North America is expected to account for largest revenue share over
the forecast period. Factors such as increasing investments in research and
development activities, rising adoption of smart devices, laptops, presence of
dominant market players, rising risks of data leakage and security, high
adoption of cloud services are key factors fueling growth of Integrated
Building Management Systems market in North America.
Integrated
Building Management Systems Market Segmentation:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Hardware
- Software
- Services
Application Outlook (Revenue, USD Billion; 2018-2028)
- Commercial Building
- Government Building
- Residential Building
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key
questions addressed in the Report:
·
Which key factors are expected to hamper global market growth
during the forecast period?
·
Which application segment revenue is expected to expand at a rapid
CAGR between 2021 and 2028?
·
Which regional segment is expected to account for largest revenue
share over the forecast period?
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