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A new report from Navigant Research examines the global smart building market in the era of digital transformation and provides forecasts
to 2027.
Global smart building solutions revenue was approximately $15.
1 billion in 2018
Digital transformation is redefining business processes across industries, including the smart building industry, combining IT infrastructure, data, and analytics to translate a complete data profile of facilities, systems, and operations into business metrics
.
In addition, this foundation can become a platform for the energy cloud, acting as a transfer point for data, information or energy, creating new value and revenue
for owners and partners.
According to the latest report from Navigant Research, global smart building solutions revenue is expected to grow from approximately $15.
1 billion in 2018 to $67.
5 billion by 2027, at a CAGR of 18.
1%
during the period.
"The path forward for owners seeking to transform commercial facilities into smart building platforms requires a shift in strategy and processes, investment in technology and services, and an understanding of
the opportunities presented by digital transformation.
" Casey Talon, research director at Navigant Research, said, "There is a great opportunity for technology and services partners to build strategic partner businesses
.
”
According to the report, today's customers are looking for solutions
that offer more than just energy management.
In response, building energy management systems (BEMS), once the foundation of the market, are changing, building management systems that once provided the technical details of automation and control, are now being combined with greater analytical capabilities and remote accessibility, and rapid advances in technology in the IoT space are introducing lower-cost alternatives to help attract new customers and deepen the capabilities of
existing smart building systems.
，
A new report from Navigant Research examines the global smart building market in the era of digital transformation and provides forecasts
to 2027.
Global smart building solutions revenue was approximately $15.
1 billion in 2018
1 billion in 2018
Digital transformation is redefining business processes across industries, including the smart building industry, combining IT infrastructure, data, and analytics to translate a complete data profile of facilities, systems, and operations into business metrics
.
In addition, this foundation can become a platform for the energy cloud, acting as a transfer point for data, information or energy, creating new value and revenue
for owners and partners.
According to the latest report from Navigant Research, global smart building solutions revenue is expected to grow from approximately $15.
1 billion in 2018 to $67.
5 billion by 2027, at a CAGR of 18.
1%
during the period.
"The path forward for owners seeking to transform commercial facilities into smart building platforms requires a shift in strategy and processes, investment in technology and services, and an understanding of
the opportunities presented by digital transformation.
" Casey Talon, research director at Navigant Research, said, "There is a great opportunity for technology and services partners to build strategic partner businesses
.
”
According to the report, today's customers are looking for solutions
that offer more than just energy management.
In response, building energy management systems (BEMS), once the foundation of the market, are changing, building management systems that once provided the technical details of automation and control, are now being combined with greater analytical capabilities and remote accessibility, and rapid advances in technology in the IoT space are introducing lower-cost alternatives to help attract new customers and deepen the capabilities of
existing smart building systems.
，
