Integrated Building Management Systems Market by End-user and Geography – Forecast and Analysis 2022-2026

According to the research report, the integrated building management systems (BMS) Market will witness a growth of 13.25% with a CAGR of 13.56%, which is expected to increase by USD 12.21 billion during the forecast period of 2021 to 2026.

This integrated building management systems (IBMS) market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers integrated building management systems market segmentation by end-user (commercial, residential, and government) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The integrated building management systems market report also offers information on several market vendors, including ABB Ltd., Advantech Co. Ltd., Azbil Corp., Bajaj Electricals Ltd., Beijer Electronics Group AB, Carrier Global Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Kieback and Peter GmbH, and Co. KG, Lutron Electronics Co. Inc., Messung Group of Companies, OBERIX GROUP, Prism Enterprise Electrical Trading LLC, Schneider Electric SE, Siemens AG, Sofcon Systems India Pvt. Ltd, and Vitrex, among others.

What will the Integrated Building Management Systems Market Size be During the Forecast Period?

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Integrated Building Management Systems Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges of the integrated building management systems (IBMS) market.

Key Integrated Building Management Systems Market Driver

One of the key factors driving the integrated BMS market is the greater ease of monitoring and controlling building operations. IBMS simplifies building operations and maintenance and acts as a control system responsible for the automatic regulation and control of facility sub-systems. It also functions as a central unit responsible for the maintenance of the predefined parameters set for different systems in a building and the precise control of their functionalities. There are various sub-systems in a building, which operate as disparate units; these include HVAC, lighting, and the fire-safety system. By installing and implementing IBMS, all these systems are connected to one centralized system for effective and transparent management. IBMS continuously monitors the performance of systems, such as central fume collection, laminar flow units, dust collection systems, and heat blowers, and provide early identification of units that require attention or maintenance. Thus, the installation of IBMS allows building managers to have better control of building operations. This eventually drives the global IBMS market during the forecast period.

Key Integrated Building Management Systems Market Trend

A key factor shaping the integrated BMS market growth is the increasing government regulations. Regulations on energy use and management are becoming increasingly stringent as more governments have started to accept that the world is facing a global threat because of climate change. Therefore, more countries are introducing guidelines and legislation to minimize the global carbon footprint. In 2019, the UK Government altered the target for emissions to net zero, which means that emissions from the residential, transport, farming, and industrial sectors will have to be at zero level or should be offset completely by 2050. Similarly, in April 2019, the Urban Green Council of New York passed several environmental regulations before Earth Day, which reduced the ceiling on the greenhouse gas emissions from private buildings that exceed 25,000 square feet in area. The council expects that this initiative will help it reduce emissions of most large buildings by 40% by 2030. All these regulations will trigger the adoption of IBMS during the forecast period. Thus, with the growing stringency of regulations, regional and national authorities across the world are revising their emission targets.

Key Integrated Building Management Systems Market Challenge

Vulnerability issues and cybersecurity threats are the major challenges hindering the integrated BMS market growth. The implementation of IBMS is extremely complex when compared with traditional systems, such as HVAC, lighting, and safety systems. Any loophole in the integration process exposes the IBMS to various physical as well as cyber security threats. Hence, these systems are not designed with logical security and safety features, and they remain vulnerable to data breaches. Any access to IBMS through an external network remains a concern, especially when the facility has a large information technology infrastructure connected to different business systems. The high risk of a data breach in IBMS exposes a building or a facility to higher risks of physical break-ins. The number of incidents involving data breaches and files being stolen by hackers is increasing across the world. IBMS has access to all the sensitive areas/information of a building. The operator handling and monitoring the IBMS must understand the various inter-related exploitable vulnerabilities, and this becomes difficult because of the complex structure. Thus, any breach and unauthorized access to IBMS data may lead to privacy violations, affect brand loyalty, and result in expensive lawsuits and insurance claims.

This integrated building management systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global integrated building management systems market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the integrated building management systems market during the forecast period.

Who are the Major Integrated Building Management Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• ABB Ltd.
• Advantech Co. Ltd.
• Azbil Corp.
• Bajaj Electricals Ltd.
• Beijer Electronics Group AB
• Carrier Global Corp.
• Cisco Systems Inc.
• Delta Electronics Inc.
• Emerson Electric Co.
• Honeywell International Inc.
• Johnson Controls International Plc
• Kieback and Peter GmbH and Co. KG
• Lutron Electronics Co. Inc.
• Messung Group of Companies
• OBERIX GROUP
• Prism Enterprise Electrical Trading LLC
• Schneider Electric SE
• Siemens AG
• Sofcon Systems India Pvt. Ltd
• Vitrex

This statistical study of the integrated building management systems market encompasses successful business strategies deployed by the key vendors. The integrated building management systems market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

Integrated Building Management Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the integrated building management systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Integrated Building Management Systems Market?

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33% 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 North America and South America regions.

The growing trend of smart buildings, along with the increasing focus on reducing carbon emissions, will facilitate the integrated building management systems market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 boosted the growth of the IBMS market in the region. The remote working model adopted by many sectors during the COVID-19 pandemic fueled the need for IBMS as more employees were staying at home and required constant network facilities and assistance in power-line communication technology. Therefore, enterprises in the region have been adopting IBMS, as it helps in minimizing data loss risks during critical situations such as the pandemic. Such factors are expected to propel the growth of the IBMS market in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Integrated Building Management Systems Market?

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The integrated building management systems market share growth by the commercial segment will be significant during the forecast period. The commercial building sector is extremely diverse, as consumer needs are always evolving. 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 CRE industry and driving the increasing adoption of IBMS in this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the integrated building management systems market size and actionable market insights on the post-COVID-19 impact on each segment.

Integrated Building Management Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.56%

Market growth 2022-2026

$12.21 billion

Market structure

Fragmented

YoY growth (%)

13.25

Regional analysis

Europe, North America, APAC, South America, and the Middle East and Africa

Performing market contribution

Europe at 33%

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Azbil Corp., Bajaj Electricals Ltd., Beijer Electronics Group AB, Carrier Global Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Kieback and Peter GmbH and Co. KG, Lutron Electronics Co. Inc., Messung Group of Companies, OBERIX GROUP, Prism Enterprise Electrical Trading LLC, Schneider Electric SE, Siemens AG, Sofcon Systems India Pvt. Ltd, and Vitrex

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Integrated Building Management Systems Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive integrated building management systems market growth during the next five years
• Precise estimation of the integrated building management systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the integrated building management systems industry across Europe, North America, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of integrated building management systems market vendors

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