The growth of building energy management systems (BEMS) has driven significant gains in energy efficiency and the understanding of how buildings truly operate.  …. According to a recent report from Pike Research, a part of Navigant’s Energy Practice, the SBMS market will grow more rapidly over the remainder of the decade than the wider BEMS market.

Worldwide spending on these outsourced services, which include data acquisition and analytics, as well as building maintenance contracts, will grow from $291 million in 2012 to $1.1 billion by 2020, the study concludes.  That equates to a compound annual growth rate of nearly 18 percent, compared to the BEMS market rate of 14 percent.