Buildings have become data-rich environments, thanks to the proliferation of lower-cost sensing devices with greater computational power and data storage capacity.
As buildings get “smarter,” property owners and managers are looking for ways to organize data sets that derive from myriad formats, naming conventions, and syntaxes within buildings. Consequently, the global market for data integration technologies for buildings is expanding rapidly.
A new report by Navigant Research, “Data Integration for Intelligent Buildings,” estimates that revenue from the sale of these technologies will increase to $971.3 million in 2025, from $89.9 million in 2016.
Data integration still poses challenges, particularly in the area of analysis. The report points specifically to energy management systems in buildings that would be far more efficient if their data could be incorporated with data emanating from a building’s lighting systems, access controls, and demand response systems.
“For years, data-integrated buildings have shown promise in reducing energy and operational costs, especially as regulatory energy efficiency pressures and corporate sustainability strategies increase customer demand for data-driven solutions,” says Alvin Chen, Navigant’s research analyst. “The analytics software to effectively provide actionable insights is still being developed to deliver on this promise.”
The new report focuses on market demand in three areas: software, services, and hardware. It provides insights into the future of fully integrated energy management systems. And it provides forecasts for global market demand segmented by region (North America, Europe, Asia Pacific, and the rest of the world), offering type, and customer type (office, retail, education, healthcare, hotels and restaurants, institutional and assembly, warehouse, and transport), through 2025.
Some key questions the report addresses include:
• What are the challenges to developing expert systems for building integration?
• Which companies are pushing this market forward, and why?
• Which regions show the strongest investments for fully integrated energy management systems?
• How will the interoperability of these systems be further developed?
• Which customer types are likely to adopt data integration technologies the quickest?
The 44-page report identifies and takes a closer look at the marketing strategies of key industry players that include the usual suspects like Cisco Systems, Honeywell and Tridium, Johnson Controls, Intel, and Schneider Electric, along with other suppliers such as Candi Controls, SkyFoundry, Lucid, and Siemens Building Technologies.
Related Stories
AEC Tech Innovation | Jan 24, 2023
ConTech investment weathered last year’s shaky economy
Investment in construction technology (ConTech) hit $5.38 billion last year (less than a 1% falloff compared to 2021) from 228 deals, according to CEMEX Ventures’ estimates. The firm announced its top 50 construction technology startups of 2023.
AEC Tech | Jan 19, 2023
Data-informed design, with Josh Fritz of LEO A DALY
Joshua Fritz, Leo A Daly's first Data Scientist, discusses how information analysis can improve building project outcomes.
BAS and Security | Oct 19, 2022
The biggest cybersecurity threats in commercial real estate, and how to mitigate them
Coleman Wolf, Senior Security Systems Consultant with global engineering firm ESD, outlines the top-three cybersecurity threats to commercial and institutional building owners and property managers, and offers advice on how to deter and defend against hackers.
Security and Life Safety | Jul 5, 2022
What AEC firms should look for in a cybersecurity partner
When looking for expert partners in cybersecurity, AEC firms will find quite a lot of companies claiming to be at the forefront of modern threats. Here are five key points to look for when choosing a cybersecurity firm.
Smart Buildings | Jun 1, 2022
Taking full advantage of smart building technology
Drew Deatherage of Crux Solutions discusses where owners and AEC firms could do better at optimizing smart technology in building design and operations.
BAS and Security | May 26, 2022
Can your intelligent building outsmart hackers?
ESD's security services studio leader Coleman Wolf offers tips, advice, and lessons for protecting real estate assets from cyberattacks.
AEC Tech Innovation | Oct 7, 2021
How tech informs design: A conversation with Mancini's Christian Giordano
Mancini's growth strategy includes developing tech tools that help clients appreciate its work.
Digital Twin | May 24, 2021
Digital twin’s value propositions for the built environment, explained
Ernst & Young’s white paper makes its cases for the technology’s myriad benefits.
Sponsored | Big Data | Apr 21, 2021
How Construction Firm Brasfield & Gorrie Evolved Their Drone Program
Smart Buildings | Nov 20, 2020
The Weekly show: SPIRE smart building rating system, and pickleball court design tips
The November 19 episode of BD+C's The Weekly is available for viewing on demand.