What is Intelligent Building Management Systems?
Intelligent Building Management System (IBMS) are automated building systems that bring together and integrate a variety of building technologies and information flow processes into a single decision point. All the management systems installed in a building are integrated in the IBMS via an Internet protocol (IP) network. A single front-end interface is provided in the IBMS through which all the subsystems are managed. Building automation systems, facilities management systems, energy management systems, intelligent buildings, and smart buildings are all terminology used to describe IBMS. IBMS will continue to spread into more diverse and complicated sectors of everyday life as the Internet of Things (IoT) grows. Although high costs of deployment is a major hurdle or limiting factor towards growth of the intelligence building management system. North America and Asia Pacific market are the fastest growing market of IBMS.
The market study is broken down by Type (Air filtering and Quality Monitoring System, Proactive Clean Air Management System, HVAC IoT systems and Others), by Application (Communication Protocols, General Lighting Controls, Security and Access Controls, Standards and Data Distribution, HVAC and Others) and major geographies with country level break-up.
Enhanced focus on sustainability along with growing popularity of automated housing solutions has led to the significant growth of the intelligent building management system. The extensive internet of things applications too has stimulated a positive impact on the market of IBSM. Although high deployment cost of IBSM solutions and the lack of skilled professionals for installation and maintenance in developing countries is a major limiting factor. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schneider Electric SE (France), Johnson Controls International PLC (Ireland), Siemens AG (Germany), Honeywell International Inc. (United States), Ingersoll-Rand Plc (Ireland), IBM Corporation (United States), United Technologies Corp. (United States), Delta Controls (Canada), NG Bailey Group (United States) and Larsen & Toubro Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pacific Control Systems (United Arab Emirates), Advanced Control Corporation (United States) and Allied Digital Services Ltd. (India).
AdvanceMarketAnalytics has segmented the market of Global Intelligent Building Management Systems market by Type, Application and Region.
On the basis of geography, the market of Intelligent Building Management Systems has been segmented into 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). If we see Market by End Use, the sub-segment i.e. Hospitality will boost the Intelligent Building Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the Intelligent Building Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Intelligent Building Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Johnson Controls, an Ireland based multinational conglomerate specialised in fire, HVAC, and security equipment for buildings has announced acquisition of EasyIO, a Malaysia based provider of Building and Energy Management System. The acquisition of EasyIO will lead to value addition to the Automation Systems Portfolio of Johnson Controls. The acquisition will also lead to expansion of geographical presence of Johnson Controls.
In 2020, Fidelity Building Services Group, a United States based leading provider of integrated technical building services has announced acquisition of Smart Building Technologies, which specialises in providing comprehensive building automation systems. Other solutions offered by Smart Building Technologies include energy management systems, tenant services monitoring, critical systems monitoring and smart lighting solutions. The portfolio of Smart Building Technologies will perfectly complement to that of Fidelity BSG and also enable Fidelity BSG to provide complete comprehensive automated solutions for residential and commercial spaces.
- Automation of Operations and Maintenance of the Building
- Enhanced Focus on Buildings with Sustainable Characteristics
- Rising Applications of IoT
- Integration of Simulation Programs with IBMS
- High Costs of Deployment of Intelligent Building Management System
- Lack of Skilled Professionals required to Operate and Work Along with IBMS
Key Target AudienceIntelligent Building Management System Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Schneider Electric SE (France), Johnson Controls International PLC (Ireland), Siemens AG (Germany), Honeywell International Inc. (United States), Ingersoll-Rand Plc (Ireland), IBM Corporation (United States), United Technologies Corp. (United States), Delta Controls (Canada), NG Bailey Group (United States) and Larsen & Toubro Ltd. (India) etc.
2. Can we have customized study for Intelligent Building Management Systems Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Intelligent Building Management Systems Market by 2026?
Analysts at AMA estimates Intelligent Building Management Systems Market to reach USD Million by 2026.