Christy Publications Building Automation Systems Market | Page 2

devices in a building, further converting all the information gathered by these devices into big
data that can be stored, analyzed, and used to manage the building through its BAS. IoT uses
one common Internet Protocol (IP) platform to connect all the sensors and devices in a building
to exchange and analyze information and optimize controls automatically. According to the
Coherent Market Insights’ analysis, 1,073.6 units IoT devices were installed in smart homes
and1,063 units installed in smart commercial buildings in 2017.
However, high installation cost of automated systems and lack of skilled labors are the major
factors expected to restrain growth of the building automation systems market.
Global Building Automation Systems Market: Taxonomy
On basis of service type, the building automation systems market is segmented into:
•Professional Services
•Managed Services
On basis of application the building automation systems market is segmented into:
•Commercial
•Industrial
On basis of technology the building automation systems market is segmented into:
•Wireless
•Wired
On basis of geography the building automation systems market is segmented into:
•North America
•Europe
•Asia Pacifc
•Latin America
•Middle East
•Africa
Global Building Automation Systems Market: Regional Insights
The market for building automation system in Asia Pacifc is expected witness fastest growth.
The growth is attributed to increasing economic growth in emerging economies such as China
and India. Increasing economic growth tends to increase the growth of construction industry, for
instance, according to the Department of Industrial Policy and Promotion (DIPP), India received
US$ 24.7 billion of Foreign Direct Investment (FDI) in construction development sectors for
housing, built up infrastructure and construction development from April 2000 to September
2017. Additionally according to the Smart Cities Mission Project ofered by Government of India,