Wireless Building Management Services Market Trends, Growth, Challenge, Demand and Forecasts To 2021

Market Research analysts forecast the global wireless building management services market to grow at a CAGR of 27.18% during the period 2017-2021.

According to the report, one of the major drivers for this market is growing use of M2M services across industries. Wireless technologies have evolved over a period of time to simplify business operations across end-user industries. Advances in wireless technologies have enabled end-users to deploy M2M services in managing several aspects of the business. In the retail industry, M2M interactions assist businesses in executing secured online payments through the point of sale terminals.

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Further, the report states that one of the major factors hindering the growth of this market is growing security concerns. Wireless networks are considered more susceptible to interception than other mobile and wired networks. This is because these networks have minimal requirement for user authentication, which in turn, increases the number of users. A WiFi network can be hacked easily, leaving the information related to processes, people, and critical data vulnerable to misuse. Adoption of outdoor wireless network poses a major concern in terms of the data security of government agencies as well as enterprise consumers. This is a major challenge, as critical data is often stored in wireless enabled mobile devices.

About Wireless Building Management Services

Wireless solutions are a set of networks, components, and services that are installed in building facilities to ensure a seamless and reliable indoor coverage. In wireless technology, electromagnetic waves are deployed to transmit information in the form of signal using a communication channel.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global wireless building management services market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new installations, retrofit, and services market.

The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Global Wireless Building Management Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Aruba
Cisco
Honeywell International
Johnson Controls
Schneider Electric

Other prominent vendors 
Acuity Brands
Crestron Electronics
CommScope
Daintree Networks
Digital Lumens
Elmeasure India
Enlighted
EnOcean
GainSpan
Greenologic
Hubbell Control Solutions
IDEAL Industries
JETEC Electronics
KMC Controls
Linear Technology
Legrand
Lutron Electronics
Open Mesh
OSRAM
Seimens
Trend Control Systems
WiSense

Market driver 
Growing use of M2M services across industries
For a full, detailed list, view our report 

Market challenge 
Growing security concerns
For a full, detailed list, view our report 

Market trend 
Centralized remote controls for residential users 
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Source: https://marketreportscenter.com/reports/507733/global-wireless-building-management-services-market-2017-2021