Market Forecast By Types(By Solution Types(Facility Management, Security Management, Energy Management, Emergency Management, Infrastructure Management), By Service Types(Professional Services, Managed Services)), By Applications(Commercial, Residential, Industrial) And Competitive And Landscape
According to 6WResearch, Egypt Building Management System Market revenues are projected to grow at a CAGR of 8.5% during 2020-2026. Based on solution types, the facility management system holds prominent market revenue shares and is anticipated to maintain the same over the forecast period on account of the rising investments by the government in projects such as high-speed rail, Cairo metro and setting up residential units in Badr City. Furthermore, the government’s vision to increase the number of LEED accredited buildings in the coming years that would help in the effective energy utilization would lead to the substantial growth in the energy management systems over the forecast period. The spread of coronavirus would hinder the growth of the building management system market in Egypt in 2020 due to the overall economic slowdown, which would also affect the construction sector.
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