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