The Global Building Automation Software Market, valued at USD 9474.32 Million in the year 2019 has been witnessing unprecedented growth in the last few years on the back of growing need for integrated security and safety systems and demand of energy efficient and environment friendly solutions. Additionally, growing green building initiatives and environmental concerns will drive the Building Automation Software market value in the near future.
Among the Type in the Building Automation Software market (Cloud-based, On-premise based and Web-based), On Premise based is widely used globally and is expected to grow slowly in the forecast period. Cloud based type will grow faster in forecast period with the increasing demand of cloud based software.
Among the Product in the Building Automation Software market (BMS software and Standalone building automation software), BMS software is very popular and is expected to keep growing in the forecast period. The importance of BMS software is because it is most reliable and efficient for Building Automation systems which will drive the market.
Among the Application of the Building Automation Software market (Commercial, Residential and Industrial), the commercial segment is very popular globally and is expected to keep growing in the forecast period. Commercial sector is one of the largest application of Building automation software due to the acceptance of Building automation software in commercial buildings across globe which will keep increasing in future.
The American region is expected to lead the global market throughout the forecasted period. The increase in demand of technologies like IoT and growing demand of smart building industry are expected to infuse market growth tremendously.
Scope of the Report
Key Target Audience
• Building Automation Software Vendors
• Consulting and Advisory Firms
• Government and Policy Makers
• Investment Banks and Equity Firms
• Regulatory Authorities
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