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Digital Solutions and Sustainability Prompt the Global Building Management Systems Market Growth

December 28, 2022

Increasing industry convergence and the emergence of innovative technologies revolutionize the global building management system (BMS) industry. Frost & Sullivan’s recent analysis of the global building management systems market finds that the need to ensure occupants’ safety and comfort encourages BMS market participants to focus on the digitalization of buildings. The global market for BMS will likely reach $5.15 billion by 2026 from $3.52 billion in 2021, witnessing expansion at a compound annual growth rate (CAGR) of 7.9%.

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