Increasing security threats to change the demography of the market
The frequent security violations are a major concern for the different government and private establishments. The rising security concerns are fast changing the fabric of the global building automation systems market. This is a pertinent issue which is positively impacting the expansion of the global building automation systems market. Amongst all the market segments, the security and access controls segment presently holds a major share of the global building automation systems market. The modern installations are mostly equipped with smart fire and social alarm systems and most of the government and private buildings are gearing themselves with intrusion alarms and assess control systems to shield themselves from any unforeseen incidences of terror. In the modern era security has a monumental importance. The highly digitized and compatible building automation systems are in great demand in the market, as the advanced crop of these systems is backed by IOT, Bluetooth and other mobile applications. Apart from private and commercial buildings some of the best luxury properties around the globe are putting security at the top of their list. This changing scene will speed up the development of the global building automation systems market.
Security and Surveillance segment to occupy a lion share of the global building automation systems market
The security and surveillance segment of the global building automation systems market will reap the maximum benefits from the emerging security threats. The value of the security and surveillance segment witnessed a significant rise in the year 2015 and it is expected to increase 2.6x between 2016 and 2026. The segment will produce a robust incremental dollar opportunity of more than US$ 28 Bn by the end of the foreseen period. By the end of the assessment period the security and surveillance segment of the global building automation systems market will cross the value of US$ 45 Bn. This segment will record a CAGR of 10.4% within the period of forecast. On the basis of revenue the security and surveillance segment will occupy a lion share of the global building automation systems market.
Shareholders mull to expand market presence through mergers and new innovations
The major shareholders of the market such as Johnson Controls have recently inked a deal with the Tyco, an Ireland based fire and security solution provider and created a new corporate entity named, Johnson Controls International Plc. This merger is a clear indicator of the fact that the major stakeholders of the global building automation systems market are eyeing the security and surveillance segment. Another giant in the market Honeywell Corporation is diverting its resources to aid the rising demand of the security and surveillance segment. To maintain the market dominance the key players of the market are enhancing their research and development activities and building an arsenal of new and edgy products.
Security and Surveillance Segment: Revenue to surge during the forecast period
The security and surveillance segment will fetch moderate results from the North America building automation systems market. A slew of security breach incidences in the recent past in this region will nurture a climate of growth for the security and surveillance segment. In regions such as Latin America the HVAC segment will outshine the security and surveillance segment within the period of assessment. But the Y-O-Y growth of the security and surveillance segment will continue until the end of 2026.
Persistence Market Research tables an exhaustive and state-of-the-art study of the global building automation systems market titled “Building Automation Systems Market: Global Industry Analysis and Opportunity Forecast, 2016–2026.” The report frames a bird’s eye view of the global building automation systems market and also explains the regional market psyche and talks about all the major segments of the global building automation systems market. After scrutinizing the market the report divulges some key information about the major shareholders present in the market. In this 10-year assessment the report predicts some crucial financial and demographical changes likely to impact the market in the coming decade. A dedicated team of analysts did an in-depth study of the market and identified the drivers that will set the course of the market in the forthcoming years. The report describes elaborately about the effect of these drivers on the present and future fabric of the global building automation systems market. Persistence Market Research analysts also collated some trends that will help key stakeholders understand the core behavior of the market. The deep insight of the market also provides information on the restraints that might drag down the organic expansion of the global building automation systems market.
The report gauges the performance of the global building automation systems market. The report outsets with the overview then highlights the segmentation of the global building automation systems market. The report provides a 360 degree view of all the regional markets and also picks up the best performing countries of that region and projects their revenue and value share and also puts forth the compound annual growth rate of that regional market. The research team delved deep to create an extensive canvas of the regional markets spread across the globe. The report notes down major market shifts likely to impact the large customer base. The report vividly compares all the segments and projects the best performing segment that will topple others. The insight also elaborates several reasons that are going to back the growth of a particular segment.
The last segment of the report is set aside for the prime contenders of the global building automation systems market. The report scrutinizes the market performance of some of the key players. The report enlisted all the companies that are contributing in the development of the global building automation systems market. The report reveals the future market strategies of these companies and also tables news about some key acquisitions and mergers and analyzes their future course of action in the global building automation systems market. This section of the report is extremely crucial and gives a proper dashboard view of the competitive landscape of the global building automation systems market.
Global building automation systems market segmentation
The team of highly skilled researchers gave priority to secondary research to measure the overall market size, top industry players, major products and industry associations. Industry insiders also enriched the report with valuable market insights and the findings were also backed by information provided by distributors and manufacturers. Several one-to-one interviews conducted across the major pockets fetched some core information about this market. The acquired data was then validated by the triangulation method.
Metrics to back market insights
In this report on the global building automation systems market, we have encapsulated the key metrics that accurately describe the global building automation systems market and used this data to compare market performance across the various segments and regions. We understand that the nature of the global economy is very volatile and hence besides estimating the CAGR for the global building automation systems market, we have also analysed the global building automation systems market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global building automation systems market. Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global building automation systems market. Another notable feature of our report is an analysis of the revenue forecast of the global building automation systems market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global building automation systems market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global building automation systems market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.
Our report on the global building automation systems market provides a market outlook for the period 2016 – 2026. A bottom-up approach has been adopted to counter validate the reached numbers and end use application-wise market numbers. The annual change in inflation rate has not been considered while doing the research. All values for 2016 have been registered to provide a transparent view of the market.