Drivers and constraints impacting the growth of Building Automation System market globally
I have a
pleasure to recall that, growing demand for comfort,
customization, maintenance, support, reliability, safety, security, high energy
efficiency, growing innovations in the wireless communication technologies and
advances in Internet of Things (IoT) are boosting the growth of building
automation system market globally.
However, high implementation cost, macroeconomic slowdown and lack of legislative
support are some of the constraints restraining growth in this industry.
According to
Research and Markets, there is an increased
adoption of wireless building automation and control system due to growing
demand for comfort, security and improving living standards.