According to a research report titled ‘Global Building Automation Software Market - Analysis By Type, Product, Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’ available with Market Study Report, global building automation software market was valued at USD 9474.32 million in 2019 and is projected to generate substantial returns during 2020-2025.
 

As per report findings, rising demand for integrated safety and security systems, coupled with preference for environment-friendly and energy-efficient solutions are driving the growth of worldwide building automation software industry. Furthermore, widespread incorporation of technologies like Internet of Things (IoT), and development of smart buildings are expected to boost market remuneration tremendously over the ensuing years.
 

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Based on type, the market is arrayed into cloud-based, web-based, and on-premise. Of these, cloud-based segment is anticipated to grow significantly over 2020-2025. However, on-premise segment is extensively used by businesses across the world but is likely to grow at a slower pace during the forecast period.
 

Moving on to product gamut, global building automation software industry is classified into BMS software, and standalone building automation software. BMS software segment is expected to keep growing through the study duration, owing to superior reliability and efficiency.
 

Speaking of application scope, worldwide building automation software industry is categorized into residential, commercial, and industrial.  Out of these, commercial application is anticipated to capture the largest market share by the year 2025, owing to extensive penetration of building automation software in commercial establishments.
 

Based on geographical landscape, Americas is expected to dominate global building automation software market share during the forecast period. Other regional contributors like Europe and Asia Pacific are also analyzed in the report.
 

Key contenders of the industry are Honeywell International Inc., Schneider Electric SE, Siemens AG, Automated Logic Corporation, Advantech Co. Ltd., Cisco Systems Inc., Glodon Company Ltd., Crestron Electronics Inc., Ansys Inc., and Johnson Controls International plc.