Press release
Global Building Management System Market to reach $44.83 Bn by 2028: COVID Impact, Trends and Forecast
Building Management System Market Snapshot
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
Evolve Business Intelligence
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Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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