by Brianna Crandall — August 15, 2018 — A new report from Navigant Research examines the market for emerging business models for intelligent buildings, providing global market forecasts segmented by business model type, building type, and region and extending through 2027.
Digitization and analytics have accelerated the evolution of the commercial buildings technologies market. Meanwhile, modern heating, ventilation and air-conditioning (HVAC) and building control systems are providing the foundational equipment for the intelligent buildings market with advanced digital technologies and other smart systems. According to the report, the total revenue for emerging business models reshaping the intelligent buildings market is expected to grow to $582 billion in 2027.
According to Tom Machinchick, principal research analyst with Navigant Research:
Vendors in the intelligent buildings market are developing business models to grow the market — and their market share — with new value-added services, end-to-end solution offerings, and strategic partnerships. Customers are also playing a role in this market evolution with increased expectations for products and services that add value across the organization, and vendors are responding with diverse solutions that go beyond energy-related benefits to include individualized occupant comfort solutions, enterprise-level business metrics, indoor wayfinding, integrated security solutions, and other services.
According to the report, partnering strategies are key to expanding the offerings in the commercial intelligent buildings market, because no one vendor has all the capabilities to develop a complete end-to-end solution. Strategic partnerships will empower smaller vendors to enter these markets, leveraging their niche knowledge to amplify existing skill sets and round out a more complete solution.
The report, Emerging Business Models for Intelligent Buildings, examines the opportunities afforded by four business models in the commercial building technologies and intelligent buildings markets: product-oriented, subscription-based, solutions provider, and network-based business models. The study explores the market issues and evolution of these business models, as well as how they fit into scenarios for the emerging Energy Cloud.
Global market forecasts, segmented by business model type, building type, and region, extend through 2027. The report also examines the key enabling technologies, future business model opportunities, and ecosystem of value chain stakeholders in the commercial building technologies and intelligent buildings markets. An Executive Summary of the report is available for free download on the Navigant Research website.