Yahoo Finance GCC Building Management System Market Report 2021: Disruptive Technologies are Enabling Energy Efficiency and Advancements in Building Management Systems
Dublin, Dec. 07, 2021 (GLOBE NEWSWIRE) -- The "GCC Building Management System Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
The overall BMS market in GCC is forecast to generate revenue of more than $500 Million by 2027, growing at a compound annual growth rate (CAGR) of more than 5% from 2021 to 2027.
The building management system (BMS) market in the Gulf Cooperative Council (GCC) is witnessing the emergence of innovative technologies such as building information modeling (BIM) and 3D printing. These technologies are causing significant disruptions, influencing how buildings are managed and shifting roles away from traditional skills towards technological expertise and collaborative efforts.
The publisher defines BMS as a computer-based system that monitors, controls, and optimizes a building's mechanical and electrical systems. BMS is built on 3 architectures: management layer, automation layer, and field-level devices. Only the management layer and automation layer are included in this study. The end-user groups covered in this study are commercial and industrial buildings.
Some of the other key drivers for the progress of the BMS market in the GCC are the digitization of building operations and management and the increasing demand for energy-efficient and eco-friendly buildings. Many countries in the region are gradually promoting energy efficiency as a means to achieve energy security. Price sensitivity, lack of comprehension of BMS' benefits and return on investment, and lack of skilled BMS experts are the major market restraints.
With government initiatives encouraging energy monitoring, more market participants, including global BMS players, are playing key roles in the advancement of BMS solutions in the GCC. There is an increasing demand for integrating smart building automation systems with the growing digital infrastructure in the GCC. The use of smart devices is also opening up opportunities for non-BMS participants such as IBM and Apple to venture into the BMS market.
Circular economy business models, major socioeconomic events, and mega infrastructure projects are some of the leading transformative trends that will create opportunities for the advancement of various markets in the GCC, including BMS. The need for buildings and mega entertainment parks in the GCC to be sustainable and lower energy consumption will drive the need for advanced BMS solutions.
Key Topics Covered:
1. Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the GCC Building Management System (BMS) Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
Scope of Analysis
Segmentation
Key Competitors
Key Findings
Key Growth Metrics
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Product
Revenue Forecast by Region
Revenue Forecast by End User
Revenue Forecast Analysis
Revenue Forecast Analysis by End User
Pricing Trends and Forecast Analysis
Competitive Environment
Competitive Framework
Competitive Framework Analysis
3. Growth Opportunity Analysis - BAS
Key Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
4. Growth Opportunity Analysis - EMS
Key Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
5. Growth Opportunity Analysis - ESAS
Key Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
6. Growth Opportunity Universe
Growth Opportunity 1: Next-generation Technologies for Operational Improvements
Growth Opportunity 2: New Business Models and Sales Channel Innovation for Improved BMS Ownership
Growth Opportunity 3: M&A for Enhanced BMS with Digital Capabilities and Geographic Footprint
Growth Opportunity 4: System Interoperability for Seamless Building Operations
7. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/v7qrfs
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