Southeast Asia Building Management Systems Market Size By Type (Professional Services, and Managed Services), By Application (Commercial, Industrial, and Residential), By Software (Facility Management, Energy Management, Security Management, Infrastructure Management, and Emergency Management), By Geographic Scope And Forecast

Southeast Asia Building Management Systems Market Size And Forecast

According to Market Research, the Southeast Asia Building Management Systems Market was valued at USD 377.22 Million in 2019 and is projected to reach USD 756.93 Million by 2024, at a long-term CAGR of 20.80% from 2020 to 2024.

the rising focus on establishing energy-efficient and environment-friendly buildings and increasing requirement for a building management system to enhance business outcomes are some of the other factors that are supporting the growth of the market. The Southeast Asia report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Building Management Systems?

Think of a Building Management System (BMS) – sometimes called a Building Automation System (BAS) or even Building Automation and Control System (BACS) – as the brain of a building. It's essentially a computer system that keeps an eye on and manages all the important stuff, from the lights and power to the HVAC and even the security. A BMS really shines at keeping things comfortable by carefully watching the temperature, carbon dioxide levels, and humidity. In big buildings, it's the go-to system for running things smoothly, handling everything from the lights and fire alarms to safety, security, and generally keeping the place in tip-top shape – all while saving energy and money. You'll find them everywhere, from offices and IT parks to hotels, restaurants, factories, stores, and even apartment buildings. These systems handle a whole range of things, including power monitoring, CCTV, fire alarms, elevators, plumbing, and all sorts of AHUs, RHUs, FCUs, HPUs, and VAV systems!

Southeast Asia Building Management Systems Market Overview

What's fueling the growth of building management systems (BMS) in Southeast Asia? Well, energy demand is skyrocketing in places like Singapore, Thailand, and the Philippines, and everyone's looking for ways to be more efficient and sustainable. Plus, governments are stepping in with regulations to encourage businesses to adopt BMS for better energy use. With energy prices on the rise and governments cracking down, you can bet BMS will be a key part of building projects going forward. We're also seeing a big push for "green" buildings and a desire for BMS to boost business performance – all contributing to market growth. The downside? Those initial costs can be pretty steep, and setting up a BMS can be complicated, which are major roadblocks slowing things down.

Southeast Asia Building Management Systems MarketSegmentation Analysis

The Southeast Asia Building Management Systems Market is segmented on the basis of Type, Application, Software, and Geography.

Southeast Asia Building Management Systems Market by Type

• Professional Services
• Managed Services

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Based on Type, the market is bifurcated into Professional Services, and Managed Services. Professional Services accounted for the largest market share in 2019 due to the regulatory push, amended policy framework, operational efficiencies, cost containment, sustainability benefits, and changing business dynamics,

Southeast Asia Building Management Systems Market by Application

• Commercial, Industrial
• Residential

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On the basis of Application, the Southeast Asia Building Management Systems market has been segmented into Commercial, Industrial, and Residential. Commercial accounted for the largest market share in 2019. The commercial building sector includes retail & public assembly buildings, office buildings, educational institutes, hospitals, airport & railways, and others. Office buildings are among the major end-users of the building management systems in the commercial sector. The high demand for an effective energy management tool to optimize the power is driving the growth of the Southeast Asia Building management system market.

Southeast Asia Building Management Systems Market by Software

• Facility Management
• Energy Management
• Security Management
• Infrastructure Management
• Emergency Management

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On the basis of Software, the Southeast Asia Building Management Systems market has been segmented into Facility Management, Energy Management, Security Management, Infrastructure Management, and Emergency Management. Facility management accounted for the largest market share in 2019. The rise in the demand for software solutions that easily integrate with other existing software is anticipated to create lucrative opportunities for the market to grow. The growing demand for cost-saving solutions for the management of heating, ventilation, and air conditioning (HVAC) systems and lighting systems by mid-size enterprises is likely to increase the adoption of the software.

Southeast Asia Building Management Systems Market by Geography

• Singapore
• Malaysia
• Thailand
• Indonesia
• Vietnam
• Philippines
• Rest of Southeast Asia

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Looking at Southeast Asia, the Building Management Systems market breaks down into Singapore, Malaysia, Thailand, Indonesia, Vietnam, the Philippines, and the "Rest of Southeast Asia." We're expecting Singapore to be the biggest player in this market for the foreseeable future, with Malaysia close behind. Why Singapore? Well, building owners and stakeholders are really embracing these systems. Plus, organizations like the Singapore Green Building Council are pushing for smart building solutions to save energy, and that's giving Building Management Systems a real boost.

Key Players

The “Southeast Asia Building Management Systems Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Schneider Electric, Combuilder Pte Ltd., EcoXplore Pte Ltd., DEC Contract Sdn. Bhd., Iconix Technology Sdn. Bhd., Advantech Co., Ltd., and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Report Scope

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