The objective of the Intelligent Buildings Management Systems (IBMS) is to centralize the monitoring, control operations, efficient management of facilities within the building. These systems helps to achieve more efficient building operations at reduced energy and labor costs while providing a safe and quality working environment to the occupants.
The market is expected to grow during the forecast period due to the increasing demand from hospitality industry and growing green building infrastructure. In addition, augmented growth in automation market is further influencing the growth of IBMS market in India. Furthermore, the need for occupant comfort, reduction of operating cost, and need for energy efficiency is raising the demand of IBMS in various application sectors in India.
The IBMS market is expected to generate a lot of opportunities for the manufacturers with the growing awareness of technologically advanced products among the people. Furthermore, Indian government plans to build hundred new smart cities and have allocated aboutUSD 1 billion in the budget of 2015-16 for the same. Government is also planning infrastructure development in another five hundred cities in the country. These major infrastructure projects are expected to further boost the market of IBMS market substantially.
The India IBMS market report has been analyzed in terms of revenue (USD Million). The forecast period of the analysis is from 2015 to 2021. Furthermore, the report includes the key factors that are pushing and pulling the market in terms of the drivers and restraints. In addition, the future opportunities that can affect the market have also been discussed.
Source: PR Newswire
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