According to the recent research report titled ‘Global Building Automation Software Market - Analysis By Type (Cloud, On-Premise, Web), Product (BMS, Standalone), Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global building automation software market was valued at USD 9474.32 million in 2019 and is expected to register decent growth during 2021-2026.
 

As per the report findings, global building automation software market growth can be credited to surging demand for integrated security & safety systems, along with consumer preference for energy efficient & environmentally friendly solutions.
 

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Furthermore, advances in wireless communication technology have reduced the complexity and cost of retrofitting older buildings with building automation systems. This factor, in consort with government mandates for green building construction and installation of video surveillance in public places for security reasons are augmenting the market outlook.
 

Based on type, global building automation software industry is split into cloud-based, web-based, and on-premise. Among these, on-premise segment is expected to grow substantially over the next four years, owing to its wide usage in the industry. While, cloud segment is projected to contribute significantly to the overall market growth over the study period, creditable to escalating demand of cloud-based software.
 

With respect to product type, the industry segmentation comprises of standalone, and BMS software. Of these, BMS segment is projected to witness considerable growth over 2020-2025, attributable to product popularity and significance as it is efficient and reliable.
 

As per application spectrum, the market is divided into industrial, residential, and commercial. Out of these, commercial segment is expected to witness high demand through 2025, due to growing acceptance of building automation software in commercial buildings worldwide.
 

Elaborating on geographical ambit, America is projected to lead the market forecast over the assessment timeline, on account of rising demand of technologies such as Internet of Things (IoT), and growing construction of smart buildings.
 

Moving on to competitive landscape, Schneider Electric SE, Automated Logic Corporation, Glodon Software Co. Ltd., Ansys, Johnson Controls, Crestron Electronics, Cisco Systems Inc., Advantech Co. Ltd., Siemens AG, and Honeywell International Inc. are the prominent firms operating in global building automation software market sphere.