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Global Building Automation Software Market: Size, Trends & Forecasts (2018-2022) | ResearchByMarkets
Global Building Automation Software Market: Size, Trends & Forecasts (2018-2022)
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The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global building automation market has also been forecasted for the period 2017-2022 taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
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The key players of the building automation software market are Siemens, Honeywell, Johnson Controls and Schneider Electric, who are also profiled with their business overview, financial analysis and respective business strategies.
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Company Coverage
Siemens
Honeywell
Johnson Controls
Schneider Electric
Executive Summary
Building automation is creating an automatic centralized system for a building which controls the heating, air conditioning, ventilation, lighting and other systems of the building. The Building Automation helps not only in monitoring the climate and making automatic adjustments based on temperature and movement, but also in troubleshooting any problem in the system of the building. The building automation market is segmented into hardware and software and controls market.
The building automation software is a platform and digital ecosystem that connect and automate the hardware. The software products include the building management platform. The controls enable the integration between the hardware and software. The building automation software and controls is further segmented into building automation products; integration, installation, services and software, systems and interface.
The global building automation software market is expected to grow at significant growth in next few years. The market is anticipated to increase due to growing demand for smart homes, upsurge in demand of Internet of Things (IoT), growing trend of cloud computing, rising penetration of smartphones and internet and increasing new building construction and renovation. But the market also faces challenges due to problem of cyber security, high initial implementation cost and lack of skilled labor.
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E-3, Ganga Homes,
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Viman Nagar,
Pune 411 014.
Maharashtra, India
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