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The Singapore building management system (BMS) market is forecast to expand with a 7.2% CAGR for 2021–2027. Although the positive growth over the forecast period is attributable to recovery from the pandemic, it will not reach the market size of pre-COVID-19 years. Growth is lower due to slower recovery in the construction sector until 2027. Although projects largely resume in 2021, new waves of COVID-19 infection in Singapore dampened growth in that year, and the BMS market registered a slight decline of 5.0%.

Building automation system (BAS) was the largest BMS product segment in Singapore from 2018 to 2020. In 2020, its revenue accounted for 41.2% of the BMS market and will likely record a 6.9% CAGR (2021–2027). However, energy management system (EMS) overtook BAS as the largest BMS product segment in 2021. EMS’ revenue share was 41.9% that year, while BAS took 39.1% of BMS revenue. The EMS segment is forecast to register a 7.4% CAGR from 2021 to 2027. Although emergency and security automation systems (ESAS) will remain the smallest BMS product segment throughout the forecast period, it will be the fastest-growing section at 7.6% CAGR (2021–2027).

Despite strong headwinds in economic recovery due to the pandemic, Singapore will remain a BMS adoption hotspot. Singapore's Smart Nation Initiative, along with other industries, drives the BMS market development in the country. This initiative created a conducive environment for start-ups to thrive in research and development (R&D) for BMS innovation. Several newer companies offering digital solutions for BMS applications are present in Singapore. The use of digital technologies in BMS such as cloud computing and networking, big data analytics, the internet of things (IoT) will remain important. The development of these technologies will continue to be steadfast. Its evolution will lead to the development of smart BMS as well. It is also likely to impact the BMS software market positively over the forecast period.