Frost & Sullivan's latest analysis, World Building Automation Systems (BAS) Markets, Forecast to 2022, sheds light on the rapid transformations taking place in the global BAS market. Factors propelling change include the growing use of Internet of Things (IoT), rising popularity of energy-efficient LED lights, increasing reliance on wireless technologies, and concern for overall building energy consumption. The convergence and integration of security and surveillance with BAS is also highlighted as the significance of building security continues to rise.
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"Government policies and regulations will remain critical to keeping the momentum behind advancements in this market," concluded Arunkumar. "In spite of the exciting innovation around technology and new business models, the main driver of progress will be policy and regulation on building management and energy efficiency."
World Building Automation Systems (BAS) Markets, Forecast to 2022 is part of Frost & Sullivan's Homes & Buildings Growth Partnership Service program.
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SOURCE: Frost & Sullivan