The potential growth difference for the building automation software market between 2020 and 2025 is USD 20.48 billion, as per the latest market analysis report by Technavio. The analysts have categorized the global building automation software market as a part of the global application software market. The market growth is driven by factors including the growing need for building automation to enhance business outcomes coupled with the emergence of customized building automation software. However, the challenges in integrating building automation software coupled with interoperability issues will be a major issue for the global building automation software market share growth during the forecast period.
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Segmentation Highlights
The building automation software market report is segmented by Product (BMS software and standalone building automation software), End User (commercial, industrial, and others), and Geography (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
Regional Opportunities: APAC will be the leading region with 37% of the market's growth during the forecast period with China and India emerging as the key revenue-generating economies in the region. The regional growth is attributed to the increasing number of modern building facilities in the region. Market growth in this region will be faster than the growth of the market in all other regions.
Revenue-generating Segment Highlights: The building automation software market share growth by the BMS software segment will be significant during the forecast period. This segment is likely to experience an increase in its market share during the forecast period due to the increase in retrofitting activities in the above-developed regions. In terms of End-user, the commercial segment held the largest market share in 2020. The segment will witness considerable growth during the forecast period. The consumption of energy in commercial buildings is rising due to the use of high energy-consuming systems, such as HVAC, lighting, elevators, and security systems. At present, commercial buildings account for 50% of the total energy consumption in the US alone.
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Some Companies Mentioned with their Offerings
- Advantech Co. Ltd.: The company offers building automation software solutions such as webAccess HMI/SCADA software. This helps intelligent buildings to enhance energy efficiency and cost saving.
- Cisco Systems Inc.: The company provides building automation technology, controls, and equipment to integrate HVAC, communications, and security systems at the infrastructure level.
- Crestron Electronics Inc.: The company provides building automation technology such as AirMedia touchless presentation system.
- General Electric Co.: The company offers Intelligent Platforms to monitor, understand, and control their operations
- Hitachi Ltd.: The company caters to the building automation software market with virtual infrastructure and cloud and converged and hyper-converged compute systems.
- Honeywell International Inc.
- Johnson Controls International Plc
- Mitsubishi Electric Corp.
- Schneider Electric SE
- Siemens AG
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Building Automation Software Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.17% |
Market growth 2021-2025 |
$ 20.48 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.72 |
Regional analysis |
APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Advantech Co. Ltd., Cisco Systems Inc., Crestron Electronics Inc., General Electric Co., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., 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, and 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. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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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