Frost & Sullivan Acclaims Siemens Building Technologies' Market Dominance

Frost & Sullivan Acclaims SiemensFrost & Sullivan Acclaims Siemens Building Technologies' Market Dominance PR Newswire MOUNTAIN VIEW, California, Oct. 18, 2013 -- The company's complete and dedicated building automation solution is one of a kind in the European market Based on its recent analysis of the building automation systems (BAS) market, Frost & Sullivan recognizes Siemens Building Technologies with the 2013 European Frost & Sullivan Market Leadership Award. Siemens's Desigo (a BAS), an excellent business model and strategic positioning in Europe have all come together to firmly cement its leadership position in the BAS market. Siemens Building Technology held the highest market share of 23 percent of the total BAS market in Europe in 2012. Its revenues grew by 5 percent year-on-year over 2011 in the European, Middle Eastern and African regions due to the popularity of its holistic solutions. The furious pace of growth in the ICT industry and the emergence of central servers and cloud computing have aided the expansion of Siemens's product portfolio. It provides benchmarking, discovers places of investment and suggests improvement measures by location. It also automatically offers remote access to these sites, consequently increasing the speed and quality of services.