Global Building Management System Market to reach $44.83 Bn by 2028: COVID Impact, Trends and Forecast

Evolve Business Intelligence, today has published a new market research report on “The global Building Management System market was estimated to be 10.25 billion in 2020 and is anticipated to grow at a CAGR of 19.58% from 2021 to 2028”

For more information on the report: https://evolvebi.com/product/building-management-system-market-analysis-and-global-forecast-2020-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Building Management System market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Building Management System market report also includes the following data points:
• COVID19 Impact on Building Management System market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Building Management System market

Analyst View
According to Parimal, Principal Analyst, Evolve Business Intelligence, “the recent COVID has negatively impacted the building management market. Due to the lockdown imposed worldwide all the construction-related work was stopped. This led to a loss of labor force due to which the industry is facing a skilled labor shortage. The booked project is being canceled resulting in the reduction of work.”

Competitive Scenario
Some of the major Building Management System players holding high market share include Honeywell International, Siemens AG, Johnson controls International, and IBM. These players use collaboration and Partnership as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The Building Management System market is analyzed across the below-mentioned segments:
• Software
o Facility management
o Security management
o Energy management
o Others
• Service Type
o Professional services
o Managed services
• Application
o Residential
o Commercial
o Industrial

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Building Management System market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Honeywell International Inc
• Siemens AG
• Johnson Controls International PLC
• Schneider Electric SE
• United Technologies Corp
• IBM Corporation
• Ingersoll-Rand Plc
• Delta Controls
• Azbil Corp.
• Emerson Electric Co.

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/building-management-system-market-analysis-and-global-forecast-2020-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the Building Management System market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the Building Management System market
• To provide an overview of the value chain analysis pertaining to the Building Management System industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall Building Management System market
• To analyze opportunities in the market by identifying high-growth segments of the Building Management System market
• To profile key players in the Building Management System market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Building Management System market

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