Revenue for Intelligent Building Solutions is expected to near $68bn in 2027, according to Navigant Research

Casey Talon of Navigant Research

A new report from Navigant Research examines the global intelligent buildings market in the era of digital transformation, providing forecasts, broken out by segment, sub-segment, sector, and region, through 2027.

Digital transformation is redefining business processes across industries, including in the intelligent buildings industry, where IT infrastructure, data, and analytics can combine to translate a complete data profile of facilities, systems, and operations into business metrics. Additionally, this foundation can become a platform in the Energy Cloud—a transfer point for data, information, or energy that creates new value and revenue for owners and partners.

“The path forward for owners looking to transform their commercial facilities into intelligent building platforms requires a shift in strategy and processes, investment in technologies and services, and an understanding of opportunities that can result from digital transformation,” says Casey Talon, research director with Navigant Research. “There are enormous opportunities for technology and services partners to build business as strategic partners.”

According to the report, today’s customers are looking for solutions that do more than just provide energy management.

In response, building energy management systems (BEMSs) that were once the foundation of the market are being rebranded, building management systems (BMSs) that once delivered the technical details of automation and controls are being integrated with greater analytics capabilities and remote accessibility, and the rapid evolution of technology under the umbrella of Internet of Things (IoT) is introducing lower cost alternatives to help engage new customers and deepen the capabilities of existing intelligent building systems.

The reportIntelligent Buildings Market Overview, analyses the global intelligent buildings market and explores the evolution of legacy solutions in the era of digital transformation.

The study assesses the outlook for enabling hardware, software, and services for intelligent buildings and investigates the levers that will determine winners on the supply side and motivate investment on the demand side. Global market forecasts, broken out by segment, sub-segment, sector, and region, extend through 2027. The report also examines the key technologies related to intelligent building solutions, as well as the competitive landscape.

An Executive Summary of the report is available for free download on the Navigant Research website.

Comment on this article below or via Twitter: @IoTNow OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Fuzzy Logic raises €2.5mn to put robots in the hands of operators

Posted on: September 21, 2021

The Franco-American start-up Fuzzy Logic announces a €2.5 million seed round of financing from two European DeepTech funds: 42CAP, an industry-specialised German fund based in Munich, and Karista (via the Paris Region Venture Fund), an early-stage VC firm based in Paris.

Read more

US businesses show IoT investment resilience, despite pandemic

Posted on: September 20, 2021

Despite the adversity caused by the COVID-19 pandemic, grounds for optimism remain for IoT spending in the US.

Read more