Authored By: Sarah
24 Jun 2021

Building Automation Software Market Size to Grow by $ 20.48 bn through 2021-2025  

Technavio research projects the building automation software market to grow by $ 20.48 bn, accelerating at a CAGR of over 14.17% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Building Automation Software Market: Key Market Driver

One of the primary factors that will trigger the growth of the building automation software market size is Growing need for building automation to enhance business outcomes. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Building Automation Software Market Size to Grow by $ 20.48 bn During 2021-2025

Building Automation Software Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantech Co. Ltd., Cisco Systems Inc., Crestron Electronics Inc., General Electric Co., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., Schneider Electric SE, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 14.17%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 20.48 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growing need for building automation to enhance business outcomes will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    37% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Advantech Co. Ltd., Cisco Systems Inc., Crestron Electronics Inc., General Electric Co., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, Mitsubishi Electric Corp., Schneider Electric SE, and Siemens AG

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (BMS software and Standalone building automation software), End-user (Commercial, Industrial, and Others), and Geography (APAC, Europe, North America, South America, and MEA)
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