Global Cloud Based Building Management System Market Insights, Forecast to 2028

A Building Management System (BMS) can also be called as Building Automation System (BAS) and Building Automation and Control Systems (BACS). It refers to a computer-based system fitted in building that monitors and controls building’s electrical and mechanical equipment, such as lighting power system, ventilation, and security systems. BMS is based on the controlling and monitoring of temperature, carbon dioxide, and humidity inside the building. BMS is primarily designed to supervise and manage the following activities, including lighting control, electrical distribution panels, air conditioning systems, elevators, UPS, water consumption, CCTV system monitoring, fire alarm & fire fighting, parking access and intrusion detection, and elevators.
Market Analysis and Insights: Global Cloud Based Building Management System Market
The global Cloud Based Building Management System market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Professional Services accounting for % of the Cloud Based Building Management System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
China Cloud Based Building Management System market size is valued at US$ million in 2021, while the North America and Europe Cloud Based Building Management System are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Cloud Based Building Management System landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cloud Based Building Management System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cloud Based Building Management System market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cloud Based Building Management System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cloud Based Building Management System market.
Global Cloud Based Building Management System Scope and Market Size
Cloud Based Building Management System market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Cloud Based Building Management System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Professional Services
Managed Services
Segment by Application
Residential
Commercial
Industrial
By Company
IBM Corporation
United Technologies
Johnson Controls International
Honeywell International
Siemens AG
Schneider Electric
Delta Controls
Crestron Electronics
BuildingIQ
Distech Controls
Gridpoint
ABB
Dexma Sensors
Larsen and Toubro
Mitsubishi Electric Corporation
Technovator International
Singapore Technologies Electronics
Azbil Corporation
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA