BOULDER, Colo.--(BUSINESS WIRE)--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, extending through 2027.
Digitization and analytics have accelerated the evolution of the commercial buildings technologies market. Meanwhile, modern HVAC and building control systems are providing the foundational equipment for the intelligent buildings market with advanced digital technologies and other smart systems. Click to tweet: According to a new report from @NavigantRSRCH, the total revenue for emerging business models reshaping the intelligent buildings market is expected to grow to $582 billion in 2027.
“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,” says Tom Machinchick, principal research analyst with Navigant Research. “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, as well as how these fit into scenarios for the emerging Energy Cloud. The study explores the market issues, including the evolution of product-oriented, subscription-based, solutions provider, and network-based business models. 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.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Emerging Business Models for Intelligent Buildings, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.