Research and Markets has recently announced the inclusion of “Global Smart Cities Market” to its report for 2014-2020
Typically, Building Management System or Building Automation System (BAS) are used to automate buildings. This is done by creating a computerized network of electronic devices. These devices monitor and manage the mechanical, security, fire and flood safety, lighting, HVAC and humidity control and ventilation systems within a building. The primary concerns of these building systems is to lower CO2 emissions, cut maintenance and operating costs, and improve, enhance and provide security and safety to occupants.
The smart building solutions offer a number of benefits. Chief among them are easy upgrade of control systems as the entire building has a standardized wiring system, the building is valued better, consumption costs can be managed based on time of day schedule, computer single interface makes management easier. In addition over a period of time, the solution is cost effective as it offers cost savings by optimizing resources based on usage patterns. It enables better comfort, security, flexibility with adequate return on investment.
The market for global intelligent building automation technologies is likely to increase as better tools and technologies are launched and awareness increases. North America leads the intelligent building automation technologies market followed by the EMEA region. The market is likely to register a fast growth as Governments across countries are offering tax benefits to green initiatives.