Wireless Building Management Services Market Rises with Continual Advancement of Technology for Value-added Services

Published Date : Feb 27, 2017

ALBANY, NY, Feb 27, 2017: MarketReseachReports.biz has featured a new market study, titled “Global Wireless Building Management Services Market 2017-2021,” to its expanding repository. The market study is a high-level reports for a know-how of growth trends, opportunities, and technological developments that will be prevalent in the global wireless building management services market for the 2017-2021 period. The report covers the present scenario and growth prospects of the global wireless building management services market across the regional segments of the Americas, EMEA, and APAC. Market size estimates are presented by aggregating the revenue generated from new installations, retrofit, and services market. 

The report says that the global wireless building management services market will expand at a phenomenal 27.18% CAGR between 2017 and 2021.

Wireless solutions for buildings include a set of networks, components, and services that are installed in buildings for seamless and reliable transmit of information. These solutions deploy electromagnetic waves for transmitting information in the form of signals by means of a communication channel. These systems offer a myriad benefits which include optimizing energy use for reducing energy costs and simplifying maintenance operations. Wireless building management systems comprise a network of wireless controllers and a powerful application that allows users to arrange and set all parameters.

According to the report, the increasing use of machine to machine (M2M) services across industries is the top factor driving the global wireless building management services market. Machine to machine is an umbrella term that can be used for any technology that allows networked devices to perform action and exchange information without any human intervention. Moreover, the deployment of wireless building management services enhances connectivity in businesses, enable real-time decision making, and enables faster Internet connectivity.

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However, the growth of this market is impeded due to certain restraints. This includes growing security concerns, data integration issues, and interoperability issues pertaining to wireless building management services. Nevertheless, developments in wireless technologies will open newer avenues for the growth of the wireless building management services market. This includes compatibility of Bluetooth 5 and IoT, evolution of cloud computing, IoT, and analytics, and centralized remote controls for residential users.

Some leading companies that operate in the global wireless building management services include Aruba, Honeywell International, Schneider Electric, Acuity Brands, CommonScope, Digital Lumens, Enlighted, GainSpan, Hubbell Control Solutions, JETEC Electronics, Linear Technology, Lutron Electronics, OSRAM, Trend Control Systems, Cisco, Johnson Controls. Creston Electronics, Daintree Networks, Elmeasure India, EnOcean, Greenologic, IDEAL Industries, KMC Controls, Legrand, Open Mesh, Seimens, and WiSense.

The report begins with an overview of definitions, applications, and classifications that are used in the context of wireless technology. A glance into industry statutes and industry chain structure is presented in the report as well. A feasibility and profitability reports of new ventures in the global wireless building management services market is included herein.

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