According to a market report by Lucintel, the future of the building management system (BMS) market looks promising with opportunities in the residential, commercial, and industrial sectors. The building management system market is expected to grow with a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing demand for energy-efficient and eco-friendly buildings, growing integration of IoT, and increasing need for simplified building operation and maintenance.
In this market, facility management, security management, energy management, infrastructure management, and emergency management are the major software types. Within the building management system market, residential, commercial, and industrial are the major end use industries.
Honeywell International, Johnson Control, Schneider Electric, Siemens, United Technologies, ABB, Azbil Corporation, Delta Controls, Larsen & Toubro, Mitsubishi Electric Corporation are among the major providers of building management system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the building management system market by software, service type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Building Management System Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the building management system market by software, service type, end use industry, and region as follows:
By Software [$M shipment analysis for 2013 - 2024]
• Facility Management
• Security Management
• Energy Management
• Infrastructure Management
• Emergency Management
By Service Type [$M shipment analysis for 2013 - 2024]
• Professional Services
• Managed Services
By End Use Industry [$M shipment analysis for 2013 - 2024]
• Residential
• Commercial
• Industrial
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the Building management system market, by software (facility management, security management, energy management, infrastructure management, and emergency management), service type (professional services and managed services), end use industry (residential, commercial, and industrial), and region (North America, Europe, APAC, and ROW)?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the building management system market?
Q.5 what are the business risks and threats to the building management system market?
Q.6 What are emerging trends in this building management system market and the reasons behind them?
Q.7 what are some changing demands of customers in the building management system market?
Q.8 what are the new developments in the building management system market? Which companies are leading these developments?
Q.9 Who are the major players in this building management system market? what strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this building management system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this building management system market?