Potential $20.48 Billion Change in Building Automation Software Market – Growing Need for Building Automation to Improve Business Outcomes to Drive Market Growth

NEW YORK, July 25, 2022 /PRNewswire/ — The “Building Automation Software Market by Product, End User and Geography – Forecast and Analysis 2021-2025report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Building Automation Software Market by Product, End User, and Geography – Forecast and Analysis 2021-2025

The difference in potential growth for the Building Automation Software market between 2020 and 2025 is $20.48 billion, according to Technavio’s latest market analysis report. Analysts have categorized the global building automation software market as part of the global application software market. The growth of the market is driven by factors such as the growing need for building automation to improve business results coupled with the emergence of custom building automation software. However, challenges in integrating building automation software coupled with interoperability issues will be a major issue for the growth of the global building automation software market share during the period of forecast.

To get the exact annual growth variance and insights on other key market dynamics, See the PDF example.

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 AmericaMEA, APAC, Europe, North America, South Americaand MEA).

Regional Opportunities: APAC will be the top region with 37% market growth over the forecast period along with China and India are emerging as the major revenue-generating economies in the region. The regional growth is attributed to the growing number of modern construction facilities in the region. The market growth in this region will be faster than the market growth in all other regions.

Revenue Generating Segment Highlights: The building automation software market share growth by BMS software segment will be significant during the forecast period. This segment is expected to witness an increase in its market share over the forecast period owing to the increase in modernization activities in the above developed regions. In terms of end user, commercial segment held the largest market share in 2020. The segment will witness considerable growth during the forecast period. Energy consumption in commercial buildings is increasing due to the use of energy-intensive systems, such as HVAC, lighting, elevators, and security systems. Currently, commercial buildings account for 50% of total energy consumption in the United States alone.

Retrieve segment-based market share analysis and insights on major consumer economies in this Sample PDF Report

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Building Automation Software Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 14.17%

Market Growth 2021-2025

$20.48 billion

Market structure

Fragmented

Annual growth (%)

11.72

Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America and MEA

Successful market contribution

Asia-Pacific at 37%

Main consumer countries

USA, China, India, Germany and UK

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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