"Buildings, infrastructure, and energy will remain the core investment areas for smart city development, which is further expected to drive the demand for advanced and efficient BAS systems," said Neha Tatikota, Energy and Environment Research Analyst at Frost & Sullivan. "Additionally, partnerships and collaborations are becoming increasingly important, as suppliers of all sizes seek to offer a comprehensive, end-to-end market segment solution."

Tatikota added, "Integration of operational technology (OT) control network with information technology (IT) will continue to change the dynamics of the BAS market because this will reduce operating and infrastructure costs and improve the financial optimization of buildings. Further, the adoption of deep learning and machine learning (ML) algorithms for developing voice-over technology and advanced features will be crucial innovation areas for next-generation BAS solutions."

Leveraging the potential of the mixing and matching of BAS products to make them more versatile, compact, and innovative will present tremendous growth opportunities for market participants in:

Global Building Automation Systems (BAS) Market, Forecast to 2026 is the latest addition to Frost & Sullivan's Energy and Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & SullivanFor over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Building Automation Systems (BAS) Market, Forecast to 2026MF31

Media Contact:Priya George Corporate CommunicationsM: +91 98403 55432; P: +91 44 6681 4414E: [emailprotected]

Home

SOURCE Frost & Sullivan

http://www.frost.com

Read the original here:

Frost & Sullivan Reveals Innovative Technologies to Revolutionize the Global Building Automation Systems Market - PRNewswire