Nov. 3, 2014: Building Energy Management Software Market to Grow to $514 Million by 2019
Cost Saving Opportunities, Building Energy Efficiency Policies, and Increasing Energy Prices Driving Demand and Growth
LONDON — In the period to 2019, the building energy management software market is forecast to grow at an annual rate of up to 15 percent, according to independent analyst firm Verdantix, but the market is complex and growth trends vary widely across different countries and industries. Cost saving opportunities, building energy efficiency policies, and increasing energy prices are driving demand and growth in the market.
The report shows that firms in the United States, the United Kingdom, and Germany currently dominate building energy management spending. In the period to 2019, a combination of factors will drive different adoption rates across countries and industries. Firms will invest increasingly in software because: