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  • What are the Novel Growth Avenues for Global Building Management Systems?
    Digital solutions and sustainability outcomes are vital for vertical industry expansion

    Overview

    The global building management system (BMS) sector is being revolutionized by increasing industry convergence and the emergence of innovative technologies. This has led to a rapid increase in the digitalization of buildings, resulting in a spurt in demand for smart buildings and BMS systems. These technologies are causing significant disruptions, influencing how buildings are managed and shifting roles away from traditional skills towards technological expertise and collaborative efforts.

    • BMS is an advanced and effective way to operate and manage modern buildings to ensure occupant safety and comfort.

    • It provides efficient, reliable maintenance and optimization through building automation, energy management, and other related systems.

    • The global BMS sector is on an upswing and is expected to have a compound annual growth rate (CAGR) of 7.9% from 2021 to 2026.

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