LONDON--(BUSINESS WIRE)--Over the last nine years, a plethora of venture-backed startup companies have targeted commercial and industrial building owners and operators with technology offerings. These have been aimed not just at reducing energy costs, but also improving real estate operations, increasing the performance of physical security in buildings and also offering smart building to smart grid applications.
More recently, the Internet of Things is starting to have a profound effect on the competitive landscape, as software platforms, advanced sensors and networking solutions enable a new range of data-driven solutions for buildings. New players are emerging offering innovative solutions and new business models, reflecting the market disruption currently underway.
Startups have attracted over $3.9 billion worth of investment since 2008, with the highest level of funding achieved in 2016, showing increased confidence by investors in the sector and indicating the positive response companies are receiving for their products and services in the market.
The report also outlines a fundamental change in the last two years in the nature of collaboration between established incumbents and early stage startups, which is now regarded by many players as being critical to their respective success. Corporations and startups have begun working together in new ways, with a focus on flexible, early-stage, open-ended partnerships. Indeed many corporations no longer view innovation efforts with startups as nice-to-have but ‘mission critical’.
About the Report
At 247 pages with 51 charts & tables & ONLY $1,500 USD for a single user license, Startups and their Impact on Smart Buildings 2017 report filters out all the important conclusions, supported by facts, to demonstrate what is shaping the future of smart buildings. For more information, visit; http://www.memoori.com/portfolio/startups-impact-smart-buildings-2017/
Memoori is an independent smart building research organization. We offer advice on technology in Smart Buildings to companies across the value chain, supporting them in making strategic business decisions. For more information, visit http://www.memoori.com