NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The
global building automation software market size is
estimated to grow by USD 37.2 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of 17.21% during the forecast
period. Growing need for building automation to enhance
business outcomes is driving market growth, with a trend
towards emergence of customized building automation software.
However, challenges in integrating building automation
software coupled with interoperability issues poses a
challenge. Key market players include ABB Ltd., Advantech Co. Ltd.,
Beckhoff Automation, BuildingLogiX, Cisco Systems Inc., Delta
Electronics Inc., Emerson Electric Co., EUROICC, General Electric
Co., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand
Inc., Johnson Controls International Plc., Lennox International
Inc., Lutron Electronics Co. Inc., RTX Corp., Robert Bosch GmbH,
Rockwell Automation Inc., Schneider Electric SE, and Siemens
AG.
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (BMS software
and Standalone building automation software), End-user (Commercial,
Industrial, and Others), and Geography (APAC, Europe, North
America, South America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
ABB Ltd., Advantech Co.
Ltd., Beckhoff Automation, BuildingLogiX, Cisco Systems Inc., Delta
Electronics Inc., Emerson Electric Co., EUROICC, General Electric
Co., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand
Inc., Johnson Controls International Plc., Lennox International
Inc., Lutron Electronics Co. Inc., RTX Corp., Robert Bosch GmbH,
Rockwell Automation Inc., Schneider Electric SE, and Siemens
AG
|
Key Market Trends Fueling Growth
Building automation software is essential for managing safety
and security controls in buildings with a user-friendly interface.
With growing competition among vendors, advanced features and
capabilities are being integrated into these systems. Vendors are
now developing application-specific comprehensive building
management solutions to enhance facility management performance.
This trend, driven by technological advancements, is set to
revolutionize the global building automation software market,
offering organizations flexible operations through customized
software solutions.
Building automation systems are trending in urban centers as
they optimize energy usage and enhance comfort in both residential
and commercial sectors. HVAC systems, including solar panels and
renewable energy sources, are key components. IoT integrated
systems enable predictive maintenance, centralized control, and
energy efficiency measures. Lighting, heating, and ventilation
systems are also improved. Security systems, such as access
control, video surveillance, and intrusion detection, are
essential. Interoperability challenges are addressed through smart
technologies like sensors, actuators, communication modules, and
software. The software segment includes cloud-based platforms and
AI for facility management, HVAC control, lighting systems, space
utilization, and building automation systems. The commercial
segment focuses on offices, retail spaces, hotels, while the
residential segment caters to smart technologies for homes.
Building control and management systems ensure electric systems run
efficiently. Smart cities leverage these systems for waste
management, healthcare, education, and retail.
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Market Challenges
- Building automation software plays a crucial role in managing
and integrating various sub-systems and appliances in buildings. As
building size increases, so does the complexity of the automation
system. Effective communication between different hardware systems
is essential, and interfacing software must ensure compatibility
and configuration of these devices on the same platform. Legacy
systems' integration with new software may lead to compatibility
issues, causing potential security breaches. End-users expect
multi-device connectivity, but ensuring interoperability across
networks is challenging. Additionally, various technologies with
different performance, security, cost, and development standards
hinder market growth. Ensuring compatibility and interoperability
among these standards is necessary to expand the global building
automation software market.
- The Building Automation Software market is experiencing
significant growth due to increasing concerns over climate change
and the need for zero carbon buildings. With rapid temperature rise
and overpopulation in large cities, the demand for smart buildings
that adhere to sanitary guidelines and optimize energy efficiency
is on the rise. Retail establishments, dining facilities, and
educational institutions are leading the charge, integrating
ventilation systems, air conditioners, and ductless heating to
maintain ideal indoor conditions. Government policies and
regulations are driving the adoption of building automation
software to reduce energy consumption and improve fire protection
systems. Consumers are also demanding advanced features like access
control, smart door locks, and wireless intercom devices for
enhanced security. However, challenges remain, including the
integration of complex systems like air conditioning, electrical
systems, lighting control, and sound alerts. Theft and burglary are
also concerns, necessitating the integration of fire protection
systems and theft prevention measures.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This building automation software market report extensively
covers market segmentation by
- Product
- 1.1 BMS software
- 1.2 Standalone building automation software
- End-user
- 2.1 Commercial
- 2.2 Industrial
- 2.3 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 BMS software- The Building Management Systems
(BMS) software segment dominates the building automation software
market due to its comprehensive solutions and powerful analytics
tools. Commercial buildings in North
America and Europe,
particularly in the retail and office sectors, are the primary
drivers of market growth. The increasing demand for energy
efficiency and safety in workplaces, as well as the rising trend of
retrofitting activities, are contributing to the expansion of this
segment. In the manufacturing sector, there is a growing demand for
automated facility management to optimize energy usage. Building
automation software enables real-time energy monitoring and
control, as demonstrated by Siemens AG's Desigo automation
stations. Strict government regulations in developed regions also
fuel the adoption of BMS software. Urbanization in emerging
economies, such as India,
Brazil, and China, is expected to further boost demand.
Consumer preferences for smart, energy-efficient buildings are
driving the adoption of BMS software in the residential sector. The
COVID-19 pandemic has increased energy consumption in residential
buildings, leading to a surge in demand for smart energy management
systems. Despite high installation and switching costs, the
integration of IoT in supporting infrastructure is driving market
growth. The awareness of building automation is rising in
developing regions, making them attractive for new projects.
Overall, the building automation software market is experiencing
significant growth due to the need for energy efficiency, safety,
and convenience in both developed and developing countries.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The Global Building Automation and Control Systems Market is
driven by increasing demand for energy-efficient solutions and
smart buildings. Similarly, the Global Industrial Automation Device
Manager Software Market is experiencing growth due to the rising
need for real-time monitoring and control of industrial processes.
Meanwhile, the Global Manufacturing Execution Systems (MES) Market
is expanding as manufacturers seek to optimize production
efficiency and reduce operational costs. Together, these markets
are pivotal in advancing automation and enhancing productivity
across industries worldwide.
Research Analysis
Building automation systems are essential for managing and
optimizing various building functions, including HVAC, lighting,
heating, ventilation, security, and fire detection. These systems
use IoT technologies and centralized control systems to enhance
energy efficiency measures and integrate renewable energy sources
such as solar panels. Predictive maintenance is a key feature that
helps prevent equipment failures and reduce downtime.
Interoperability challenges persist as different building systems
require integration, including electric, electronic, mechanical,
and IoT technologies. Building automation systems are increasingly
being adopted in urban centers and smart cities for managing waste
management, healthcare facilities, intelligent street lighting, and
other infrastructure. The market for building automation solutions
continues to grow, driven by the need for energy savings, improved
comfort, and enhanced security.
Market Research Overview
Building automation systems are technological solutions that
optimize the management of various building functions, including
HVAC, lighting, heating, ventilation, security, and more. These
systems are increasingly being integrated with renewable energy
sources such as solar panels, IoT technologies, and predictive
maintenance to enhance energy efficiency measures. Centralized
control systems enable real-time monitoring and regulation of these
functions, leading to significant cost savings and reduced carbon
emissions. In urban centers and smart cities, building automation
systems play a crucial role in managing energy consumption in
buildings, from commercial offices and retail spaces to residential
apartments. Interoperability challenges persist, however, as
different systems and devices require compatibility. The software
segment of building automation includes cloud-based platforms and
artificial intelligence applications, allowing for remote
monitoring and control of building functions. The commercial
segment, which includes non-residential buildings, is a major
market for building automation solutions, with offices, retail
spaces, hotels, and other establishments adopting smart
technologies for improved space utilization and energy efficiency.
Building automation systems are also being implemented in various
sectors, such as healthcare, education, and retail, to optimize
energy use and enhance security measures through access control
systems, video surveillance, and intrusion detection. The
integration of IoT devices and network-connected sensors and
actuators is revolutionizing building automation, enabling
real-time monitoring and control of various building functions.
However, security concerns remain a challenge, as these systems
require robust cybersecurity measures to protect against potential
threats. Government policies and regulations are driving the
adoption of building automation systems in new and existing
buildings, with a focus on energy efficiency, zero carbon targets,
and climate change mitigation. Rapid temperature rise and
overpopulation in large cities are further increasing the demand
for smart buildings that can optimize energy use and improve living
conditions. Sanitary guidelines and ventilation requirements are
also important considerations for building automation systems in
various sectors. In conclusion, building automation systems are
essential for optimizing energy use, improving building functions,
and enhancing security and comfort in various sectors. The
integration of renewable energy sources, IoT technologies, and
predictive maintenance, along with government policies and
regulations, are driving the growth of the building automation
market. However, interoperability challenges and security concerns
remain key challenges that need to be addressed.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- BMS Software
- Standalone Building Automation Software
- End-user
-
- Commercial
- Industrial
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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