The advent of the IoT is one of the major factors propelling market growth. However, factors such as vulnerability issues and cybersecurity threats in IBMS will hamper the market growth.
More details: https://www.technavio.com/report/integrated-building-management-systems-market-size-industry-analysis
Integrated Building Management Systems Market: End-user Landscape
The rapid adoption of advanced technology in commercial buildings due to the growing functionality and efficiency requirements of modern consumers is leading to major changes in the commercial real estate (CRE) industry and driving the increasing adoption of IBMS in this segment. The pressure exerted by evolving regulations pertaining to environmental sustainability and the increasing adoption of technology in these sectors are expected to drive the adoption of IBMS during the forecast period.
Integrated Building Management Systems Market: Geographic Landscape
The adoption of smart building technologies, changing regulatory landscape, and increasing focus on reducing carbon emissions will significantly influence integrated building management systems market growth in this region. Over 34% of the market’s growth will originate from Europe during the forecast period. The UK and Germany are the key markets for integrated building management systems in Europe. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.
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Companies Covered:
- Azbil Corp.
- Cisco Systems Inc.
- Delta Electronics Inc.
- Emerson Electric Co.
- Honeywell International Inc.
- Ingersoll-Rand Plc
- Johnson Controls International Plc
- Schneider Electric SE
- Siemens AG
- and United Technologies Corp.
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- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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