Dublin, 15 July 2022 (GLOBE NEWSWIRE) — The report “The Internet of Things in Smart Commercial Buildings 2022 to 2027 – Market Outlook, Impacts and Opportunities” has been added to from ResearchAndMarkets.com offer.
This report is a new study from 2022 that makes an objective assessment of the Internet of Things in Buildings technologies, networks and services market from 2022 to 2027
The 5th edition of the publisher’s study of the Internet of Things in Smart Buildings (BIoT) market focuses on market size and opportunities for smart commercial buildings. It provides a completely new market assessment of the industry based on the latest information. New for 2022, it INCLUDES at no additional cost, a spreadsheet with report data AND a graphics pack with high-resolution graphics.
The BIoT market recovery through 2021 has been healthy, growing 21% to surpass the 2019 market total at just over $47 billion. The publisher forecasts the market to continue growing at a healthy CAGR of 12%, growing from $47.07 billion in 2021 to an expected $92.88 billion by 2027.
According to our latest forecast, the number of connected IoT devices installed in smart commercial buildings will grow at a healthy CAGR of 11.1% over the forecast period, from approximately 1.264 billion in 2021 to over 2.5 billion. 2027.
Key Questions Addressed
- What is the size and structure of the Global BIoT Market? The report presents an assessment of the global hardware, software, and services market size in 2021 and a forecast till 2027. The market data is also broken down by geography, vertical, and application type.
- How many connected IoT devices have been installed in smart commercial buildings? The report estimates the installed base of IoT devices in smart commercial buildings from 2019 to 2027. This data is also broken down by geographic region, vertical, and application type.
- What are the main drivers of industry growth? The report assesses key industry drivers, growth barriers, and key meta-trends.
- What does the competitive landscape look like? There is an analysis of the market supply structure and commentary on mergers and acquisitions and investment trends.
- The market size and forecast presented in this report is based on a custom market model and iterative research methodology. This research draws on decades of experience assessing a wide variety of smart building-related markets, with a particular focus on monitoring and evaluating the performance of various technology markets and their impact on commercial buildings.
Main conclusions
- The industry is increasingly pushing to improve the value of BIoT-generated data through better systems integration, as opposed to limited siled systems. To achieve this in buildings, a layered horizontal systems architecture is increasingly advocated that is technology independent, using open standards, open protocols and non-proprietary solutions.
- The BIoT digital divide. The pandemic has continued to validate BIoT investments from more forward-thinking building owners and operators. Effectively demonstrate the value of many existing BIoT solutions to provide more resilient and efficient business operations. For example, remotely accessing building system networks and devices to monitor and configure performance during the pandemic proved difficult for those who did not already have the prerequisite systems. In many cases, this has resulted in wasted energy to heat virtually empty buildings. While office building occupancy has fallen to near zero in some countries, energy consumption has only fallen by 10-15%.
- The BIoT competitive landscape remains incredibly complex and varied. The level of fragmentation the vendor continues to see in the marketplace may be confusing and frustrating for buyers, with many point solution vendors and platforms vying for attention. However, mainstream platform solution providers are beginning to emerge and the user base seems likely to coalesce around a more limited number of platform providers, those unable to sustain a user base. sustainable being forced to merge or withdraw from the market.
- We are also seeing a greater degree of collaboration between the IT and OT worlds. A growing number of vendors are coalescing around cloud solutions provided by large IT companies such as Amazon and Microsoft. This should facilitate the development of “platform ecosystems”, where data exchange, innovation and supply chain partnership are simplified by common tools and means of data exchange.
Main topics covered:
1. Key elements of IoT
1.1 Sensors and connected devices
1.2 Network Communication
1.3 Data integration and analysis
1.4 Data processing (Cloud/Edge)
1.5 AI and machine learning
2. Building the Internet of Things (BIoT)
2.1 Mapping the BIoT
2.2 The BIoT supply chain
2.3 Architecture of the BIoT solution
2.4 AI, machine learning and BIoT
3. The state of the market
3.1 IoT Device Projections
3.2 IoT devices in smart buildings
3.3 Market uptake
3.4 Maturity of BIoT solutions
4. Standards and protocols
4.1 Integration, interoperability and legacy build systems
4.2 The importance of open standards
4.3 Connectivity standards
4.4 Smart building protocols
4.5 Building data management
5. BIoT Market Applications
5.1 Security and access control
5.2 Energy management and environmental control
5.3 Air quality
5.4 Smart Operations and Maintenance
5.5 Space, occupation and movement of people
5.6 Hygiene, health and well-being
5.7 Smart Lighting
5.8 Tenant and workplace experience
5.9 Fire and Safety
5.10 Digital twin
6. Smart Building IoT Platforms
6.1 IoT platforms
6.2 The platform ecosystem
6.3 BIoT Platform Offerings
7. Vertical Market Analysis
7.1 Trade offices
7.2 Retail
7.3 Hospitality
7.4 Other buildings
7.5 New buildings vs. existing buildings
7.6 Freeing up the small building market
8. Global BIoT Market Forecast
8.1 BIoT Market Forecast
8.2 Market Revenue by Hardware, Software and Services
8.3 Market Revenue by Vertical
8.4 Market Revenue by Application
9. BIoT Market Analysis by Regions
9.1 Regional comparisons
9.2 North America
9.3 Latin America
9.4 Asia-Pacific
9.5 Europe
9.6 Middle East and Africa
10. Meta-trend analysis
10.1 Impacts of COVID-19
10.2 War in Ukraine
10.3 Supply chain issues
10.4 Trends in construction and CRE investment
11. BIoT Market Drivers
11.1 Economic and commercial drivers
11.2 Technological factors
11.3 Energy efficiency factors
11.4 Health and well-being factors
11.5 Political and regulatory factors
11.6 Standards and certification
12. BIoT Challenges and Obstacles
12.1 Cybersecurity and data privacy
12.2 Implementation cost and return on investment
12.3 Data challenges
12.4 Knowledge and skills
12.5 Cultural and governance challenges
12.6 Commissioning and procurement challenges
12.7 Alignment of incentives
13. BIoT Challenges and Obstacles
13.1 The competitive landscape
13.2 Strategic partnerships and alliances
13.3 Investment and mergers and acquisitions
For more information about this report, visit https://www.researchandmarkets.com/r/lppzmd
