Building Automation System Market worth $112.1 billion by 2026 - Exclusive Report by MarketsandMarkets CHICAGO, Feb. 26, 2021 /PRNewswire/ -- According to a research report "Building Automation System Market with COVID-19 Impact by Communication Technology, Offering (Facility Management Systems, Security and Access Controls, and Fire Protection Systems), Application, Region - Global Forecast to 2026", published by MarketsandMarkets, the global Building Automation System Market size is projected to grow from USD 73.5 billion in 2021 to USD 112.1 billion by 2026; it is estimated to grow at a CAGR of 8.8% during the forecast period. The growth of the building automation system market is fueled by the increasing requirement of energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation systems in the existing buildings.