In 2027, the revenue of emerging business models in the smart building market will reach $582 billion

Digitalization and analytics have accelerated the commercial building technology market
.
At the same time, modern HVAC and building control systems provide the infrastructure for the smart building market through advanced digital technologies and other intelligent systems
.

In 2027, the revenue of emerging business models in the smart building market will reach $582 billion

According to a new report from Navigant Research, the total revenue from emerging business models reshaping the smart building market is expected to grow to $582 billion
by 2027.

"Vendors in the smart building market are developing business models to expand the market and its market share
through new value-added services, end-to-end solution offerings, and strategic partnerships.
" Tom Machinchick, principal research analyst at Navigant, said, "Customers are also playing a role in this market development, with increasing expectations for products and services, and suppliers are responding
with a variety of solutions.
These solutions go beyond energy-related benefits and include personalized occupant comfort solutions, enterprise-level business metrics, integrated security solutions, and other services
.
”

According to the report, a partnership strategy is key to expanding offerings in the business smart building market, as no single vendor has all the capabilities
to develop a complete end-to-end solution.
Strategic partnerships will enable smaller suppliers to enter these markets, leveraging their niche knowledge to expand existing skills and offer more complete solutions
.

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