NEW YORK, July 13, 2021 /PRNewswire/ — The “building automation software market 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) – Forecast and Analysis 2021-2025″ has been added to Technavio’s offering. Do you know the building automation software market size is expected to reach a value of USD 20.48 billion during 2021-2025?
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The COVID-19 impact report on the building automation software market offers pre as well as post-COVID-19 market estimates. Technavio analysts have curated the reports extensively through both qualitative and quantitative research methodologies to derive the most industry-relevant and business-relevant outcomes.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
The recovery process involves various phases including:-
- Recognizing the existing business model
- Identifying potential disruptions
- Assessing Impact on Critical IT infrastructure and Software System
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Key Market Participant Analysis
Advantech Co. Ltd.
Advantech Co. Ltd. offers building automation software such as web access HMI/SCADA software. This helps intelligent buildings to enhance energy efficiency and cost-saving.
Cisco Systems Inc.
Cisco Systems Inc. offers building automation technology, controls, and equipment to integrate HVAC, communications, and security systems at the infrastructure level.
Crestron Electronics Inc.
Crestron Electronics Inc. provides building automation technology such as AirMedia touchless presentation system.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:
Building Automation Software Market 2021-2025: Segmentation
The building automation software market is segmented as below:
o BMS Software
o Standalone Building Automation Software
o North America
o South America
The building automation software market is driven by the growing need for building automation to enhance business outcomes. In addition, the increasing integration of IoT with building automation software is expected to trigger the building automation software market toward witnessing a CAGR of 14.17% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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