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The Global Smart Buildings Market by Technology (AI, IoT, Indoor Wireless), Infrastructure, Solutions (Asset Tracking, Data Analytics, IWMS), and Regions: 2019-2024 - ResearchAndMarkets.com

May 20, 2019

DUBLIN--(BUSINESS WIRE)--May 20, 2019--

The “Smart Buildings Market by Technology (AI, IoT, Indoor Wireless), Infrastructure, Solutions (Asset Tracking, Data Analytics, IWMS), and Regions 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

This report evaluates the smart buildings market including technologies, players, and solutions. The report analyzes smart buildings challenges and opportunities, assesses market potential, and provides accompanying smart buildings market sizing, globally as well as regionally, and by market segment for 2019-2024. The report includes an analysis of technologies supporting smart building automation, IWMS, and smart workplace applications and services. Smart building solution areas covered include 5G, AI, data analytics, and edge computing.

Select Report Findings

The smart buildings market consists of warehouses, factories, office buildings and other enterprise, industrial, and government structures. Intelligent structures leverage a variety of interdependent technologies such as Artificial Intelligence (AI), broadband wireless (including WAN and indoor wireless), cloud computing (including edge computing), and Internet of Things (IoT) networks to improve operational efficiency and enable a more safe and productive environment.

The smart buildings market is related to the smart workplace market, which includes some important enterprise and industrial automation systems and solutions such as integrated workplace management systems (IWMS), decision support systems utilizing advanced data analytics, and business asset management.

Leading companies within the commercial real estate sector are realizing tangible benefits by leveraging smart buildings market solutions as owners are able to charge higher fees for technology-enabled intelligent buildings. Accordingly, over 80% of new construction involves at least one facet of IoT and/or related smart buildings market-related technologies. However, it is important to note that roughly 90% of legacy buildings in developed economies have issues that will require substantial retrofitting.

What Makes a Building Smart?

The term smart or intelligent building refers to an enterprise structure that is supported by software and systems to ensure more efficient and effective operations. Additional goals are to enhance the health and well-being and protect enterprise assets. Intelligent buildings are also closely associated with the concept of the smart workplace, which extends beyond a centralized work zone to include distributed and remote employees and corporate assets.

Commercial real estate owners are able to charge higher lease fees for intelligent buildings for a variety of reasons including lower operational costs as well as support for improved safety, comfort, security, and productivity for workers. Smart workplace benefits facilitated by intelligent buildings include work process improvement, workflow improvement, internal and external supply chain management optimization.

Smarter Building Data Analytics

Many of the solutions that make buildings smarter involve IoT capabilities. However, data and information systems to enable better decision-making are also critically important. AI may be implemented in conjunction with big data tools to enable enhanced data analytics. Almost Analytics Solutions are good at looking for patterns and unstructured data, supplementing them with AI can provide an additional benefit of learning from experience.

Since enterprise verticals in many different industries rely on buildings for operation, many market segments can benefit. For example, AI algorithms in an office building can learn from the patterns of workers to determine the optimal time to adjust lighting and HVAC. In another example, AI support at healthcare facilities can help with critical care, ensuring that resources are available where they are needed the most based on historical patterns of occupancy and resource allocation.

Integrated Workplace Management Systems

The most efficient and effective smart buildings are those that include an Integrated Workplace Management System (IWMS). An IWMS solution is leveraged to both support a more integrated building control system as well as optimizing the workplace. This includes orchestrating workflow in processes relative to building resources and the environment in terms of things like optimal lighting, heating, and ventilation for workers.

IWMS solutions rely heavily upon IoT technology and data processing for optimal operation. The integration of AI can make these systems more efficient. For example, AI I can assist IWMS solutions in determining the optimal allocation of building resources based on environmental factors, workflow, and the availability and location of personnel and organizational assets. This is particularly useful in a corporate campus environment or university where there are multiple buildings that are often multi-purpose and shared among departments.

Report Benefits

Key Topics Covered

1 Executive Summary

2 Introduction

2.1 What is a Smart Building?

2.2 Drivers for More Intelligent Buildings

2.2.1 Commercial Real Estate Benefits from Smart Buildings

2.2.2 Smart Buildings Support Smart City Initiatives

2.2.3 Smart Buildings Facilitate a Smarter Workplace

2.3 Smart Building Capabilities

2.3.1 Environmental Controls

2.3.2 Safety and Security

2.3.3 Space and Workflow Management

2.4 DAS, Small Cell, and In-Building Wireless Solution

2.5 Real-Time IoT Analytics

2.6 Smart Building Cost Analysis

2.7 Smart Building Benefits for Enterprise and Residential Building

2.8 5G will Accelerate Smart Building Adoption

3 Smart Building Challenges & Opportunities

3.1 Smart Building Challenges

3.1.1 Need to Retrofit Existing Buildings and Facilities

3.1.2 Barriers towards IoT integration with Smart Buildings

3.2 Smart Building Opportunities

3.2.1 Building Automation Systems Optimize Operations

3.2.2 Leverage Building Operational Data

3.2.3 Leverage Artificial Intelligence

3.2.4 Edge-to-Cloud Services in Smart Buildings

4 Smart Building Organizations & Initiatives

4.1 Building Efficiency Initiative

4.2 Building Smart Alliance

4.1 Build Up

4.2 Automated Buildings Association

4.3 Commercial Real Estate Development Association

4.4 CRE Finance Council

4.1 Intelligent Building Council

4.1 National Institute of Building Science

4.2 Project Haystack

5 Company Analysis

5.1 Abundant Power

5.2 Aeon Labs LLC

5.3 Affinegy, Inc.

5.4 Affinity Automation, LLC

5.5 American Auto-Matrix

5.6 American Digitals

5.7 American Energy Management

5.8 AMMAMSIC Technology Corp.

5.9 Appin Associates

5.10 Assodomotica

5.11 Athena Engineering, Inc.

5.12 Automated Control Inc.

5.13 Azbil

5.14 Be Home247

5.15 Belimo

5.16 Brandt Automation, Inc.

5.17 Building IQ

5.18 Building Robotics

5.19 Cadillac Fairview

5.20 Central Coast Environmental Controls

5.21 Copper Tree Analytics

5.22 Crestron

5.23 CSR

5.24 Current Analytics, Inc.

5.25 Cylon

5.26 Delta Controls

5.27 Distech Controls

5.28 E.M.S. Technologies

5.29 Eagle Energy, Inc.

5.30 EATON

5.31 Ecova

5.32 EFT Energy

5.33 Elemco Building Controls

5.34 Energent

5.35 Energy ETC, Inc.

5.36 EnergyCAP

5.37 EnerNOC

5.38 Enovity, Inc.

5.39 eSight Energy

5.40 Frazier Service Co.

5.41 Genesis Automation

5.42 GridPoint

5.43 Hawkeye Energy Solutions

5.44 HomeLink Technologies

5.45 Honda Smart Home

5.46 Horizon Controls

5.47 HTNG

5.48 Hubbell Building Automation

5.49 IBI Group

5.50 Ingersoll Rand

and more...

6 Smart Buildings Market Analysis & Forecasts 2019-2024

6.1 Global Smart Buildings Market Forecasts 2019-2024

6.2 Regional Smart Building Market Sizing 2019-2024

6.3 Indoor Wireless Smart Building Market 2019-2024

6.4 Real-Time IoT Analytics Market in Smart Building 2019-2024

6.5 Asset Tracking Smart Buildings Market 2019-2024

7 Conclusions & Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/mt8kym

View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005332/en/

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Related Topics:Wireless Telecommunications ,Internet of Things and M2M,Data Analytics ,Telecommunications Equipment ,Artificial Intelligence

KEYWORD:

INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY NETWORKS TELECOMMUNICATIONS CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/20/2019 06:18 AM/DISC: 05/20/2019 06:18 AM

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