Vietnam Building Management System Market revenues is projected to grow at a CAGR of 16.3% respectively during 2024-2030F

Facility Management sector by Solution held the highest revenue share in Vietnam Building Management System Market -6Wresearch

In 2023, facility management dominated Vietnam's building management system market, driven by its comprehensive role in optimizing operations such as lighting control, HVAC, and energy efficiency. However, security management also held a significant share of the market, reflecting the growing need for advanced surveillance, access control, and safety systems in both commercial and residential buildings.

According to 6Wresearch, Vietnam Building Management System Market revenues is projected to grow at a CAGR of 16.3% respectively during 2024-2030F. In recent years, Vietnam's building management system (BMS) market has experienced significant growth, primarily driven by the industrial sector. This growth is attributed to the integration of Industry 4.0 technologies and significant investments in industrial infrastructure, including warehouses, cold storage facilities, and logistics centers. Additionally, approximately 35,700 hectares of industrial space are currently under development.

In 2023, Hanoi and Ho Chi Minh City (HCMC) collectively added 301,000 square meters of office space, highlighting the expansion of Vietnam's urban and commercial infrastructure. This development has driven increased adoption of Building Management Systems (BMS) to optimize operational costs, improve energy efficiency, and support sustainability initiatives.

According to Sumit, Senior Resarch Analyst, 6Wresearch, the solution segment led Vietnam's building management system market, driven by increasing projects requiring components such as cameras, sensors, and HVAC systems. Additionally, demand is predominantly concentrated in major cities like Ho Chi Minh City (HCMC) and Hanoi, which collectively account for 3.40 million square meters of office space and host significant upcoming hotel developments.

Vietnam Building Management System Market (2024-2030) report provides an in-depth analysis with 22 figures and 8 tables, covered in 70 pages. The report thoroughly covers market by type, solution, service type and application. Vietnam Building Management System Market outlook report provides an unbiased and detailed analysis of the on-going Vietnam Building Management System Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.