Building Automation Software Market size to grow by USD 25.46 billion from 2022 to 2027 | Growth Driven by growing need for building automation to enhance business outcomes- Technavio

NEW YORK, Oct. 19, 2023 /PRNewswire/ -- The "building automation software market by product (BMS software and standalone building automation software), end-user (commercial, industrial, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the building automation software market from 2022 to 2027 is USD 25.46 billion. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The growing need for building automation to enhance business outcomes is a key factor driving market growth. There are several advantages to developing automation software. This software allows industrial, residential, and commercial buildings to manage, control, and operate building operations more easily and efficiently. Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now

Market Challenge

The vulnerability and cybersecurity threat are significant challenges restricting market growth. Building automation software is much more difficult to implement than conventional building systems, such as lighting, safety, and security. As a building's infrastructure increases, correctly integrating the software that performs different functions becomes a challenge. If this integration is not completed, the software can be exposed to a variety of physical and cyber threats. 

• The market share growth by the BMS software segment will be significant during the forecast period. BMS software systems account for the majority of the overall building automation software market share, as BMS software provides comprehensive building automation solutions, along with powerful analytics tools. In retail and office buildings, BMS software is widely used. Similarly, it is becoming increasingly necessary to use automated control of facilities in order to achieve effective energy management in production units. 

View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the building automation software market:

ABB Ltd., Advantech Co. Ltd., Beckhoff Automation GmbH and Co. KG, BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., EUROICC, General Electric Co., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Lennox International Inc., Lutron Electronics Co. Inc., Raytheon Technologies Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG

Related Reports:

The Smart Buildings Market size is estimated to grow by USD 46,123.2 million between 2022 and 2027 accelerating at a compound annual growth rate (CAGR) of 9.73%. 

The ESG reporting software market size is estimated to grow at a CAGR of 15.9% between 2022 and 2027. The market size is forecast to increase by USD 765.45 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-User

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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 across 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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