According to the new market research report, "Building Automation System [BAS] Market - by Communication Technology, Offering, Application, and Region - Global Forecast To 2022," published by MarketsandMarkets, the overall BAS market was valued at $53.66 billion in 2016 and is expected to reach $99.11 billion by 2022, growing at a compound annual growth rate (CAGR) of 10.73 percent between 2017 and 2022.

The commercial building automation system (BAS) market is at a crossroads, notes Navigant Research. Large technology companies are benefitting from the moderate but consistent growth of a mature market, while technology innovation, new business models, and emerging competitors disrupt the market.

The global building automation system market is forecast to reach $100.6 billion by 2022, increasing at a compound annual growth rate (CAGR) of 10.65 percent between 2016 and 2022, according to a new market research report published by MarketsandMarkets.

The building automation market is forecast to experience steady but incremental growth over the next five years, generating $45 billion in 2021, according to a report from ABI Research. Europe will be the biggest market in terms of revenue followed by North America and Asia Pacific in 2021.

The global building automation and control systems market is expected to be worth just over $26 billion by 2019, according to BSRIA’s new World Market Intelligence (WMI) report: 2015 World Building Automation and Control Systems (BACS) study.