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Building Automation Software Market size is set to grow by USD 37.2 billion from 2024-2028, Growing need for building automation to enhance business outcomes to boost the market growth, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global building automation software market  size is estimated to grow by USD 37.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  17.21%  during the forecast period.  Growing need for building automation to enhance business outcomes is driving market growth, with a trend towards emergence of customized building automation software. However, challenges in integrating building automation software coupled with interoperability issues  poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., EUROICC, General Electric Co., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc., Lennox International Inc., Lutron Electronics Co. Inc., RTX Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (BMS software and Standalone building automation software), End-user (Commercial, Industrial, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., EUROICC, General Electric Co., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc., Lennox International Inc., Lutron Electronics Co. Inc., RTX Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG

Key Market Trends Fueling Growth

Building automation software is essential for managing safety and security controls in buildings with a user-friendly interface. With growing competition among vendors, advanced features and capabilities are being integrated into these systems. Vendors are now developing application-specific comprehensive building management solutions to enhance facility management performance. This trend, driven by technological advancements, is set to revolutionize the global building automation software market, offering organizations flexible operations through customized software solutions. 

Building automation systems are trending in urban centers as they optimize energy usage and enhance comfort in both residential and commercial sectors. HVAC systems, including solar panels and renewable energy sources, are key components. IoT integrated systems enable predictive maintenance, centralized control, and energy efficiency measures. Lighting, heating, and ventilation systems are also improved. Security systems, such as access control, video surveillance, and intrusion detection, are essential. Interoperability challenges are addressed through smart technologies like sensors, actuators, communication modules, and software. The software segment includes cloud-based platforms and AI for facility management, HVAC control, lighting systems, space utilization, and building automation systems. The commercial segment focuses on offices, retail spaces, hotels, while the residential segment caters to smart technologies for homes. Building control and management systems ensure electric systems run efficiently. Smart cities leverage these systems for waste management, healthcare, education, and retail. 

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Market Challenges

Building automation software plays a crucial role in managing and integrating various sub-systems and appliances in buildings. As building size increases, so does the complexity of the automation system. Effective communication between different hardware systems is essential, and interfacing software must ensure compatibility and configuration of these devices on the same platform. Legacy systems’ integration with new software may lead to compatibility issues, causing potential security breaches. End-users expect multi-device connectivity, but ensuring interoperability across networks is challenging. Additionally, various technologies with different performance, security, cost, and development standards hinder market growth. Ensuring compatibility and interoperability among these standards is necessary to expand the global building automation software market.The Building Automation Software market is experiencing significant growth due to increasing concerns over climate change and the need for zero carbon buildings. With rapid temperature rise and overpopulation in large cities, the demand for smart buildings that adhere to sanitary guidelines and optimize energy efficiency is on the rise. Retail establishments, dining facilities, and educational institutions are leading the charge, integrating ventilation systems, air conditioners, and ductless heating to maintain ideal indoor conditions. Government policies and regulations are driving the adoption of building automation software to reduce energy consumption and improve fire protection systems. Consumers are also demanding advanced features like access control, smart door locks, and wireless intercom devices for enhanced security. However, challenges remain, including the integration of complex systems like air conditioning, electrical systems, lighting control, and sound alerts. Theft and burglary are also concerns, necessitating the integration of fire protection systems and theft prevention measures.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This building automation software market report extensively covers market segmentation by

Product 1.1 BMS software1.2 Standalone building automation softwareEnd-user 2.1 Commercial2.2 Industrial2.3 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 BMS software-  The Building Management Systems (BMS) software segment dominates the building automation software market due to its comprehensive solutions and powerful analytics tools. Commercial buildings in North America and Europe, particularly in the retail and office sectors, are the primary drivers of market growth. The increasing demand for energy efficiency and safety in workplaces, as well as the rising trend of retrofitting activities, are contributing to the expansion of this segment. In the manufacturing sector, there is a growing demand for automated facility management to optimize energy usage. Building automation software enables real-time energy monitoring and control, as demonstrated by Siemens AG’s Desigo automation stations. Strict government regulations in developed regions also fuel the adoption of BMS software. Urbanization in emerging economies, such as India, Brazil, and China, is expected to further boost demand. Consumer preferences for smart, energy-efficient buildings are driving the adoption of BMS software in the residential sector. The COVID-19 pandemic has increased energy consumption in residential buildings, leading to a surge in demand for smart energy management systems. Despite high installation and switching costs, the integration of IoT in supporting infrastructure is driving market growth. The awareness of building automation is rising in developing regions, making them attractive for new projects. Overall, the building automation software market is experiencing significant growth due to the need for energy efficiency, safety, and convenience in both developed and developing countries.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Building Automation and Control Systems Market is driven by increasing demand for energy-efficient solutions and smart buildings. Similarly, the Global Industrial Automation Device Manager Software Market is experiencing growth due to the rising need for real-time monitoring and control of industrial processes. Meanwhile, the Global Manufacturing Execution Systems (MES) Market is expanding as manufacturers seek to optimize production efficiency and reduce operational costs. Together, these markets are pivotal in advancing automation and enhancing productivity across industries worldwide.

Research Analysis

Building automation systems are essential for managing and optimizing various building functions, including HVAC, lighting, heating, ventilation, security, and fire detection. These systems use IoT technologies and centralized control systems to enhance energy efficiency measures and integrate renewable energy sources such as solar panels. Predictive maintenance is a key feature that helps prevent equipment failures and reduce downtime. Interoperability challenges persist as different building systems require integration, including electric, electronic, mechanical, and IoT technologies. Building automation systems are increasingly being adopted in urban centers and smart cities for managing waste management, healthcare facilities, intelligent street lighting, and other infrastructure. The market for building automation solutions continues to grow, driven by the need for energy savings, improved comfort, and enhanced security.

Market Research Overview

Building automation systems are technological solutions that optimize the management of various building functions, including HVAC, lighting, heating, ventilation, security, and more. These systems are increasingly being integrated with renewable energy sources such as solar panels, IoT technologies, and predictive maintenance to enhance energy efficiency measures. Centralized control systems enable real-time monitoring and regulation of these functions, leading to significant cost savings and reduced carbon emissions. In urban centers and smart cities, building automation systems play a crucial role in managing energy consumption in buildings, from commercial offices and retail spaces to residential apartments. Interoperability challenges persist, however, as different systems and devices require compatibility. The software segment of building automation includes cloud-based platforms and artificial intelligence applications, allowing for remote monitoring and control of building functions. The commercial segment, which includes non-residential buildings, is a major market for building automation solutions, with offices, retail spaces, hotels, and other establishments adopting smart technologies for improved space utilization and energy efficiency. Building automation systems are also being implemented in various sectors, such as healthcare, education, and retail, to optimize energy use and enhance security measures through access control systems, video surveillance, and intrusion detection. The integration of IoT devices and network-connected sensors and actuators is revolutionizing building automation, enabling real-time monitoring and control of various building functions. However, security concerns remain a challenge, as these systems require robust cybersecurity measures to protect against potential threats. Government policies and regulations are driving the adoption of building automation systems in new and existing buildings, with a focus on energy efficiency, zero carbon targets, and climate change mitigation. Rapid temperature rise and overpopulation in large cities are further increasing the demand for smart buildings that can optimize energy use and improve living conditions. Sanitary guidelines and ventilation requirements are also important considerations for building automation systems in various sectors. In conclusion, building automation systems are essential for optimizing energy use, improving building functions, and enhancing security and comfort in various sectors. The integration of renewable energy sources, IoT technologies, and predictive maintenance, along with government policies and regulations, are driving the growth of the building automation market. However, interoperability challenges and security concerns remain key challenges that need to be addressed.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductBMS SoftwareStandalone Building Automation SoftwareEnd-userCommercialIndustrialOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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15 minutes ago

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July 24, 2026

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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