Integrated Building Management Systems Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Integrated Building Management Systems Market is growing at a CAGR of 13.9% during the forecast period.

Gaithersburg, Maryland, United States - August 6, 2019 /MarketersMedia/ —

Increasing energy savings and low cost among commercial end-users and degree of flexibility offered by integrated building management systems are some of the factors fuelling the market growth. However, the high cost of switching from a traditional individual building management system is restraining market growth. Moreover, the convergence of the Internet of things (IOT) and smart buildings are providing opportunities for market growth.

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An integrated building management system is a master control system that networks all of the mechanical, electrical, IT, and security systems of a facility, unifying them into a single system so they can share information and work together seamlessly. Integrating all of the components into a single cohesive unit allows the various systems to share information so they can work more effectively. The end result of this interoperability is greater efficiency, lowered operating costs, and a more secure and responsive building environment.

Based on Type, Hardware segment acquired considerable share during the forecast period due to increase in buildings choosing integrated building management systems over individual building management systems and by replacing an unconnected system in existing buildings. By Geography, North America is expected to grow at a significant market share during the forecast period due to increased adoption of advanced technology like power-line communications.

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Some of the key players profiled in the Integrated Building Management Systems market include United Technologies, Siemens, Schneider Electric, Phoenix Energy Technologies, Oberix, MS Group, Johnson Controls, Jardine Engineering Corporation, Honeywell, Demont Engineering, Cisco, BuildingLogiX, Building IQ, Bosch Security, Bajaj Electricals, Avanceon, AllGreenEcotech and Alerton.

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Types Covered:
• Software
• Services
• Hardware

Managements Covered:
• Security Management
• Infrastructure Management
• Facility Management
• Energy Management
• Emergency Management

Products Covered:
• Standards and Data Distribution
• Security and Access Controls
• Outdoor Controls
• Heating Ventilation and Air Conditioning (HVAC) Controls
• General Lighting Controls
• Entertainment Controls
• Communication Protocols

Applications Covered:
• Residential and Retail
• Religious Centers
• Office Space
• Manufacturing Buildings
• Life Science
• Hospitality
• Government Buildings
• Educational Centers
• Commercial Buildings

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com

Source URL: https://marketersmedia.com/integrated-building-management-systems-market-size-share-report-analysis-trends-forecast-to-2026/88904520

Source: MarketersMedia

Release ID: 88904520