Global Building Management Software are expected to make a significant contribution to the overall industry, with an estimated market to reach USD1.8 Billion by 2024.
According to the report, some of the important driving forces behind the market growth are The Growing Need for Eco-Friendly Technologies and Ability to Reduce the Operational Costs, Increasing Awareness of Property Management Software, Time-Consuming and Prone to Human Error Which is Encouraging the Adoption of Building Management Software and Rise in Infrastructure Development Across the World. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Players, additional restraints impacting market are Cyber Security Risks Including Malware Attacks, Threats of Viruses and Worms and Increasing Vulnerabilities in Cloud-Based Solutions which is continuously seeking attention of Industry Experts and Decision makers.
The Building Management Software Ecosystem: 2018-2024 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Building Management Software market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2018 till 2024. The forecasts are segmented by Type (Facility Management Software, Security Management Software, Energy Management Software, Infrastructure Management Software and Emergency Management Software), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Data Sources & Methodology The primary sources involves the industry experts from the Building Management Software Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.