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Intelligent Building Automation Technologies Market Worth $74.8 Billion by 2019 - New Report by MarketsandMarkets
Intelligent Building Automation Technologies Market research report majorly focuses on market drivers, restraints, trends, challenges, and opportunities.
The report “Intelligent Building
Automation Technologies Market by System & Services [Physical
Security, Life Safety, Facility Management], IT Technologies &
Industry Verticals - Global Advancements, Worldwide Forecast &
Analysis (2014 - 2019)” defines and segments the IBAS market into
various sub-segments with an in-depth analysis and forecasting of
revenues. The report also identifies the factors driving this market,
various restraints and opportunities impacting it, along with the
technology roadmap and adoption trends.
Browse 189 market tables and 88 figures spread through 322 pages on "Intelligent Building Automation Technologies Market."
broadly segments the intelligent Building Automation Technologies
market into four categories, namely facilities management systems, life
security, physical security systems, and information technology. The
physical security systems are segmented as access control, car park
management systems, CCTV/video surveillance, explosive detectors,
screening solutions, and others. Life security systems are segmented
into emergency response, fire security, and others. The facilities
management systems are segmented into elevator control, energy
management systems, Heating, Ventilation, and Air Conditioning (HVAC),
lighting management systems, and others. The information technology
segment is divided into computing hardware, computing software,
computing and network services, and network equipment. The market
segmentation by geography is as follows: North America (NA), Europe,
Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America
The major driving factors for the Intelligent Building Automation Technologies market are efforts to reduce CO2 emissions, enhanced safety and security in intelligent buildings, IBAS acting as a differentiator for real estate developers, sizeable reduction in operating costs, and incentives provided by government. Challenges faced in the Intelligent Building Automation Technologies market are lack of education and promotion among end users and the barriers of high initial investment and unproven technologies. Today’s high-rise buildings are technologically equipped and consume a lot of energy; thus, enterprises are always looking for solutions to reduce their CO2 emissions along with reducing their overall energy consumption and lowering their operational costs at the same time.
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