In the midst of the big changes and the highly transformational scenario for industries with the Internet of Things (IoT), advanced analytics, artificial intelligence, cloud computing and an increasing movement towards the edge and internet protocol are important drivers in a growing connected data age. This is the case with cloud based building management system market, which includes power management in critical buildings, light and room control and the more traditional domains of completely integrated building management systems.
The global cloud based building management system market is expected to grow at a CAGR of 10.1 per cent during the forecast period (2019-2026). The rise in the adoption of automated security systems in buildings, development of wireless protocols and wireless sensor network technology for building management system, and rapid penetration of IoT in building automation systems are some of the crucial factors that would likely boost the global cloud based building management system market.
With the addition of the building controls to its cloud-based optimization platform, BuildingIQ became the smart building market's first global cloud based building management integrator - a new category of integrator that optimizes BMS implementation and creates cloud-ready buildings designed to share and leverage data across functional boundaries.
A recent report on the global cloud based building management market was published by Global Market Estimates Research and Consultants (GME) in March 2020. The report classifies the global cloud based building management market on the basis of several factors. On the basis of service type, the cloud-based building management system market is segmented into professional services, and managed services. Secondly, on the basis of software, the cloud based building management system market is segmented into emergency management, facility management, energy management, and security management, among others. Thirdly, on the basis of application, the cloud based building management system market is segmented into residential, commercial, and industrial. Lastly, on the basis of region, the global cloud based building management system market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The countries covered include: U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, UAE, and South Africa among others.
The report put forth by GME dedicates a chapter to the end-user landscape. The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase cloud-based building management system. The key end-users of the markets are BMW, Gensler, and AECOM, among others. The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. Some of the key players operating in the cloud based building management system market are IBM Corporation, Buildingiq, Inc., Johnson Controls International PLC, Honeywell International Inc., Siemens AG, Schneider Electric SE, Technovator International Limited, Delta Controls, Lucid, Distech Controls Inc., Gridpoint, Inc., ABB Ltd, Dexma Sensors, S.L., United Technologies Corp., Larsen & Toubro Limited, Mitsubishi Electric Corporation, Singapore Technologies Electronics Limited, Crestron Electronics, Inc., and Azbil Corporation among others.