Further, the report states that higher switching cost is one of the major factors that negatively affects the adoption of IBMS. Several cost-driven enterprises find it difficult to transform from their traditional building systems to an integrated system approach because of the high switching costs. The switching cost of these automation systems is higher than that of a conventional system. However, effective utilization of IBMS requires proper installation in the building, which involves a higher cost of implementation and commissioning.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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ABSTRACT About Integrated Building Management Systems The global IBMS market is expected to record a high growth during the forecast period. Many buildings are expected to opt for integration of their BAS. Integrated systems aid facility managers and building personnel to effectively monitor and regulate operations using a single controller as opposed to individual and distinct controllers for automation solutions. Building automation and control systems are normally installed in residential, commercial, and public buildings to operate, control, and monitor mechanical, electrical, and plumbing( MEP) systems, lighting controls, and safety and security systems.
Market Reports Center analysts forecast the global integrated building management systems market to grow at a CAGR of 12.48 % during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global integrated building management systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of IBMS products and components, software installations, and services that include consulting, system installation, and support and maintenance The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Market Reports Center ' s report, Global Integrated Building Management Systems Market 2017- 2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The