Building Automation System MarketBuilding Automation System Market size is likely to expand at a faster CAGR over the forecast period.Request For a FREE Sample Report on Building Automation System MarketIncreasing adoption of building automation systems to automate the safety solutions via biometric and video surveillance systems and monitor the activities of people has augmented the building automation system market growth. Further, as per the building automation system market report, growing penetration of wireless sensors, internet of things, and strategic initiatives to improve energy efficiency will drive the market growth. The market growth can also be attributed to the growing emphasis on reducing utility costs and evolving need for energy management. Evolving need for energy-effective facilities with enhanced safety systems is another factor contributing to the building automation system market size.By offering, the security and access controls segment is anticipated to hold a larger share over the forecast period, owing to the increasing use of these systems to protect information and monitor activities in buildings.By region, North America is predicted to witness a faster CAGR during the forecast period, owing to the growing emphasis on encouraging the adoption of smart solutions. Also, the building automation system market report \the early adoption of these solutions in US and Canada have driven the market growth. The strong presence of leading building automation systems players such as Siemens, and the advent of latest concepts and ongoing technological innovation have driven the global building automation system market growth.Leading players operating in the market include Siemens AG, Honeywell International Inc., Johnson Controls, Schneider Electric, Carrier, Legrand, ABB, Hubbell, Bosch Limited, and Trane Technologies plc, among others.Key Developments:In 2020, Honeywell International Inc., partnered with SAP SE to improve the performance of buildings in terms of energy efficiency by incorporating the cloud-based operations and businesses. This data helps real estate owners, corporate companies, and other operators to combine the financial and operational intelligence.In 2020, Siemens launched Desigo PXC4 for HVAC plants and Desigo PXC5 for the integration of HVAC systems. These controllers help automate the SMEs buildings to achieve flexible and scalable building automation.In 2020, Johnson Controls procured Qolysy Inc., a leading residential and building automation solution and smart home developer to improve the long-term growth opportunities.Building Automation System Market Segmentation:Building Automation System Market by OfferingFacility Management SystemsSecurity and Access ControlFire Protection SystemsBuilding Energy Management SoftwareBas ServicesOthersBuilding Automation System Market by Communication TechnologyWireless TechnologiesWired TechnologiesBuilding Automation System Market by ApplicationResidential ApplicationsCommercial ApplicationsIndustrial ApplicationsBuilding Automation System Market by Region:Asia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaEuropeUnited KingdomGermanyFranceSpainRest of EuropeRoWBrazilSouth AfricaSaudi ArabiaUAEAbout GMI ResearchGMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: www.gmiresearch.com