Infotech Lead India: IBM, HP, Cisco, Johnson Controls, Siemens will benefit from the growth of building automation system (BAS) market.
Commercial building managed BAS services will have annual revenues of more than $4 billion, growing at 29 percent CAGR from 2013 to 2018.
A drive for cost savings and energy efficiency has enabled new entrants to bring additional managed data services to help drive greater efficiency.
Jonathan Collins, principal analyst, ABI Research, said: “These software as a service (SaaS) or cloud services have the ability to pull together management of multiple buildings and applications within them, simplifying the process of improving energy efficiency for building owners.”
Growing BAS network connectivity has opened up these systems to SaaS applications developed to analyze building environmental performance alongside a range of other data feeds such as local weather or energy pricing.
Start-ups such as BuildingIQ, Sky Foundry, Viridity Energy, etc. are also seeing the potential of the BAS market.