The cloud-based building management system (BMS) is becoming increasingly popular in the world of real estate and facility management. It’s a cloud-based solution that helps building managers and owners monitor and control their building systems and infrastructure, such as HVAC, lighting, security, and energy management, from a remote location. This type of system is becoming a popular alternative to traditional on-premise BMS due to its cost-effectiveness, scalability, and ease of use.
Demand for cloud BMS is growing rapidly, with more and more organizations looking for ways to reduce costs and improve energy efficiency. According to a recent market research report, the global cloud BMS market is expected to grow at a compound annual growth rate (CAGR) of over 20% between 2021 and 2026. This growth is driven by the increasing demand for cost-effective and scalable building management solutions, as well as the growing need for real-time monitoring and control of building systems.
One of the key trends driving the demand for cloud BMS is the growing focus on energy efficiency. Organizations are looking for ways to reduce energy consumption and reduce their carbon footprint, and cloud BMS is helping them achieve these goals. The system provides real-time monitoring and control of building systems, allowing building managers to quickly identify and address any energy-wasting behaviors or problems. This helps organizations to reduce energy consumption and costs, and to meet their sustainability goals.
Another trend driving the demand for cloud BMS is the increasing use of IoT devices. The integration of IoT devices with cloud BMS allows building managers to collect and analyze real-time data from multiple systems, such as lighting, HVAC, and security. This data can be used to identify energy-saving opportunities, optimize system performance, and improve building safety.
The trend towards remote work is also driving the demand for cloud BMS. With more and more employees working from home, building managers need to be able to monitor and control building systems from a remote location. Cloud BMS provides this capability, allowing building managers to access real-time data and control building systems from anywhere with an internet connection.
In conclusion, the demand for cloud BMS is growing rapidly, driven by the increasing focus on energy efficiency, the growing use of IoT devices, and the trend towards remote work. As organizations continue to look for ways to reduce costs and improve energy efficiency, it’s likely that the cloud BMS market will continue to grow in the coming years