Global Wireless Building Management Services Market 2017-2021

Below are some of the key findings from our wireless building management services market analysis

Global wireless building management service market

The global wireless building management solutions market is anticipated to grow rapidly and will post a CAGR of more than 27% during the forecast period. The growing use of machine-to-machine (M2M) services across industries will drive the growth prospects for the global wireless building management solutions market for the next four years. Recent advancements in the wireless technologies have enabled M2M interactions such as secured business online payments through the point of sale terminals and tracking and monitoring of financial transactions between banks and ATMs. Also, the usage of wireless management systems in healthcare sector enables the generation of substantial information and the integration of various hospital buildings. Moreover, the mounting demand for M2M interactions and connectivity will further drive the adoption of wireless building management solutions to carry out effective decision-making and performance measurement activities.

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In terms of geography, the Americas accounted for the majority of the market’s share during 2016 and will continue to dominate the market until the end of 2021. Various developed economies like the US and Canada are increasingly generating revenues through services and retrofit projects in existing buildings, which will further drive the market’s growth in the region. Also, the scope for new wireless implementations in various buildings will further fuel developmental measures in sectors such as hospitality, retail, and office buildings in North American countries.

Competitive landscape and key vendors

The global wireless building management solutions market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors in the building automation systems market are increasingly competing against each other based on factors such as price, quality, innovation, and performance. Furthermore, it has been observed that several vendors are incorporating a high degree of customization in their offering and investing heavily in research and developmental activities to enhance their product and service portfolio.

Key vendors in this market are -

• Aruba
• Cisco
• Honeywell International
• Johnson Controls
• Schneider Electric

Other prominent vendors in the market include Acuity Brands, Crestron Electronics, CommScope, Daintree Networks, Digital Lumens, Elmeasure India, Enlighted, EnOcean, GainSpan, Greenologic, Hubbell Control Solutions, IDEAL Industries, JETEC Electronics, KMC Controls, Linear Technology, Legrand, Lutron Electronics, Open Mesh, OSRAM, Seimens, Trend Control Systems, and WiSense.

Segmentation by solution and analysis of the wireless building management solutions market

• Systems
• Services

The global wireless building management solutions market by the system segment accounted for the majority market share during 2016 and will continue to dominate the building automation systems market for the next four years. Wireless sensors and wireless controllers are the two major components of the segment that connect and streamline different automated systems within a building, mobilize the workplaces, and attain higher control over building automation.