Intelligent Building Automation Technologies Market Size, Share, Growth Analysis, By Component(Hardware, Software, Service), By Product(Facility Management Systems, Security Systems Defense & Aerospace, Manufacturing, Healthcare), By Application(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Intelligent Building Automation Technologies Market Driver

Increase in building automation of security systems

• Through biometric systems and videotape monitoring, building automation technologies assist in automating a structure's security. Thee surveillance systems installed at airports, churches, office buildings, and other locations. 
• Due to the increased attention for security issues as a result of terrorist attacks and criminal activity, several governments have mandated to install these systems in public interest and prevention of any mishap in public spaces.

Intelligent Building Automation Technologies Market Restraint

Lack of technological awareness to lead imbalance in adoption of automation systems

• Building automation technology helps in energy conservation and cost-saving operations. Despite this, end users are reluctant to implement automation systems owing to the disbelief and impression that these systems are expensive to install and costly to maintain. They also don't realise that the cost is mostly determined by how complicated the integration is for a particular operation. End users expect inexpensive structural automation systems but are unaware of the degree of the energy savings and the benefits of long-term cost reductions that go along with them.