Figures from the research firm MarketsandMarkets suggest that the global BAS market could expand to US$ 121.5 billion by 2024 from $75 billion in 2019.
With customers becoming more and more interested in intelligent buildings,
demand for building automation systems (BAS) continues to rise at a steady pace. Figures from the research firm MarketsandMarkets suggest that the global BAS market could expand to US$ 121.5 billion by 2024 from $75 billion in 2019.
However, despite such high demand, there aren't many companies in the world that can offer comprehensive BAS solutions. This is because building automation as an industry requires considerable investment in R&D and not many companies can afford the financial or other resources to get into such a sector.
“Within this domain, users ...