Published By : 29 Mar 2016 | Published By : QYRESEARCH
Intelligent Buildings Management Systems (IBMS) enable a centralized method for monitoring and controlling operations in a given building. The technological advancements used in these systems helps in reducing labor and energy costs to provide the residents or building users a safe environment.
The products in the global intelligent building management systems market are general lighting controls, security controls, communication systems, access controls, entertainment controls, HVAC controls, outdoor controls, and others. The application of these products is seen in hospitality, residential, and retail, life sciences, office spaces such as banks, IT parks, ITES, and BPO, centers of education and learning, manufacturing, and energy and infrastructure. Geographically, this market is segmented into South India, North India, West India, and East India.
Security Control Segment to Lead Overall Intelligent Building Management Systems Market
According to a research report published by Transparency Market Research, the security control segment held a 30% share in the India IBMS market in 2014, garnering the leading position in the overall market. The segment is expected to maintain its dominance due to need for cyber security, reduction in traffic violence, and rising need for safety and security.
In terms of applications the hospitality, residential, and retail segment held the largest share in the India intelligent building management systems market. The stupendous growth of this segment is attributable the rising application of intelligent building management systems market for security systems, entertainment control systems, general lighting control in hotels, access control systems, residential buildings, and retail stores across India. Additionally, usage of these systems in growing number of education and learning centers across the country are also expected to propel this market in the coming years.
Industrialization in South India Keeps Region at Forefront
Regionally, the South India IBMS segment led the overall intelligent building management systems market in 2014 and is expected to dominate the market in the near future. Industrialization, well-established hospitality sector, rising disposable income, and burgeoning hotel industry are all expected to help the intelligent building management systems market maintain its dominance in South India in the coming few years.