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, South Africa Building Management System Market revenues are projected to grow at a CAGR of 4.2% during 2020-2026. Based on solution types, security management systems would hold a dominant market revenue shares and would maintain the same over the forecast period on account of the rising number of commercial establishments such as malls, hotels, public buildings that necessitates the installation of the surveillance cameras for security purposes. Furthermore, the advent of software technologies such as artificial intelligence, cloud technologies would further bolster the market revenues for security management systems over the coming years.
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