NEW YORK, July 6, 2022 /PRNewswire/ -- An integrated building management system (IBMS) is a solution that is designed to track, control, operate, and centrally manage various systems in a house or building. These systems include lighting, climate control, energy, IT systems, and electromechanical systems such as elevators. An IBMS uses the information from these components to manage the operations of buildings efficiently.
According to the report "Integrated Building Management Systems Market by End-user, Component, and Geography - Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 11.88% in 2021 and will obtain a CAGR of 12.71% during the forecast period. The market is segmented by end-user (commercial, residential, and government), component (hardware, software, and services), and geography (Europe, APAC, North America, MEA, and South America).
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The integrated building management systems market is concentrated, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Carrier Global Corp.
Cisco Systems Inc.
Delta Electronics Inc.
Emerson Electric Co.
Honeywell International Inc.
Ingersoll Rand Inc.
Johnson Controls International Plc
Schneider Electric SE
The global IBMS market is characterized by the presence of various vendors, with no parity in terms of size. IBMS is made up of three components, namely hardware, software, and services. The market has many IT giants and electronics companies, which primarily focus on hardware, as well as other regional players that provide IBMS-related services.
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Geographical Market Analysis
Europe will provide maximum growth opportunities in the integrated building management systems market during the forecast period. According to our research, the region will contribute to 35% of the global market growth during the forecast period. The UK and Germany are the two major markets in Europe. The growing trend of smart buildings, along with the increasing focus on reducing carbon emissions, will drive the integrated building management systems market growth in Europe during the forecast period.
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Key Segment Analysis
The commercial segment will have significant market share growth during the forecast period. The rapid adoption of advanced technologies in commercial buildings due to the growing functionality and efficiency requirements of modern consumers is leading to significant changes in the CRE industry, thus driving the increasing adoption of IBMS in this segment.
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Key Market Drivers & Challenges:
The ease of monitoring and controlling building operations is driving the integrated building management systems market. IBMS simplifies building operations and maintenance. With the help of IBMS, various subsystems in a building are connected to one centralized system for effective and transparent management. Thus, the installation of IBMS enables building managers to have better control of building operations.
The vulnerability issues and cybersecurity threats are the major challenges hindering the integrated building management systems market growth. The implementation of IBMS is highly complex when compared to traditional systems such as HVAC, lighting, and safety systems. However, there is a high risk of a data breach and physical break-ins. Any breach and unauthorized access to IBMS data can lead to a privacy violation, lower brand loyalty, and result in expensive lawsuits and insurance claims.
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Integrated Building Management Systems Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 12.71%
Market growth 2021-2025
USD 10 billion
YoY growth (%)
Europe, APAC, North America, MEA, and South America
Performing market contribution
Europe at 35%
Key consumer countries
US, China, UK, Germany, and India
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Azbil Corp., Carrier Global Corp., Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Schneider Electric SE, and Siemens AG
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, Market condition analysis for the forecast period
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Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
2.2 Value chain analysis
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Commercial - Market size and forecast 2020-2025
5.4 Residential - Market size and forecast 2020-2025
5.5 Government - Market size and forecast 2020-2025
5.6 Market opportunity by End-user
6 Market Segmentation by Component
6.1 Market segments
6.2 Comparison by Component
6.3 Hardware - Market size and forecast 2020-2025
6.4 Software - Market size and forecast 2020-2025
6.5 Services - Market size and forecast 2020-2025
6.6 Market opportunity by Component
7 Customer landscape
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 Europe - Market size and forecast 2020-2025
8.4 APAC - Market size and forecast 2020-2025
8.5 North America - Market size and forecast 2020-2025
8.6 MEA - Market size and forecast 2020-2025
8.7 South America - Market size and forecast 2020-2025
8.8 Key leading countries
8.9 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Market trends
10 Vendor Landscape
10.1 Vendor landscape
10.2 Landscape disruption
10.3 Competitive scenario
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 Azbil Corp.
11.4 Carrier Global Corp.
11.5 Cisco Systems Inc.
11.6 Delta Electronics Inc.
11.7 Emerson Electric Co.
11.8 Honeywell International Inc.
11.9 Ingersoll Rand Inc.
11.10 Johnson Controls International Plc
11.11 Schneider Electric SE
11.12 Siemens AG
12.1 Scope of the report
12.2 Currency conversion rates for US$
12.3 Research methodology
12.4 List of abbreviations
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