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The Market for Performance Software in Smart Buildings will rise to nearly $19Bn by 2020, Predicts Memoori Research
Memoori’s new research report shows that
the market for Performance Software in Smart Buildings generated
$12.72Bn in 2015, and will grow at a CAGR of 8.1% to $18.78Bn by 2020.
June 09, 2016 10:30 AM Eastern Daylight Time LONDON--(BUSINESS WIRE)--The report contains original analysis and forecasts across 5 key focus areas; Energy Software in Smart Buildings, Enterprise Energy Management Systems, Smart Building to Smart Grid Interface Software, Software for Security and Fire Systems & Property Management Software.
Energy Software accounted for $6.46Bn in 2015, which was over 50% of the Building Performance Software Market.
Energy Software accounted for over 50% of the market at $6.46Bn in 2015, and we expect this value to rise to just over $9.7Bn by 2020. Enterprise Energy Management Systems (EEMs) make up the largest proportion of this market.
The market for Fire & Security Software in Smart Buildings is estimated at $3.52Bn in 2015, and we expect this value to rise to just under $5.3Bn by 2020. VMS software made up the largest proportion of the market in 2015, at around 28% of overall sales.
Why is it important to evaluate these markets at this time? We have identified 16 different types of software packages that all improve the performance and operation of non-domestic buildings. The industry is moving quickly towards the Internet of Things in Buildings, which will eventually form the structure for making buildings fully automated and optimized without the need for human intervention. To do this all of the data from these software packages will need to be transferred to IoT Data Services. This will be both a threat and opportunity, requiring software suppliers to re-evaluate and adapt their business models.
About the Report
At 205 pages with 49 charts & tables & ONLY $1,499 for an enterprise license, The Market for Building Performance Software 2016 to 2020 report filters out all the important conclusions, supported by facts, to demonstrate what is shaping the future of software in Smart Buildings. You can learn more at the reports website; http://www.memoori.com/portfolio/market-building-performance-software-2016-2020/
Memoori offers independent Smart Building research and thought leadership. We offer advise on technology in Smart Buildings to companies across the value chain, supporting them in making strategic business decisions. For more information, visit http://memoori.com
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