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The year 2020 will provide an inflection point for the decarbonization of buildings led by the business-centric intelligent building solutions market.
FREMONT, CA: The economic dynamics of building ownership is transforming in the era of digitalization and climate change. Building-to-grid (B2G) is a platform emerging to support the digital facilities and residences that are prepared for the future, optimizing energy consumption, comfort, and experience. Data is the new focal point in value creation that stems from investment in digital technologies, as these technologies appeal to the demands of occupants and executives. The top-down and bottom-up pressures are fuelling investments in intelligent building solutions that will open doors to new B2G ventures.
On that note, there are three significant trends in intelligent buildings to look forward to as they are poised to change the trajectory for market development. These trends indicate greater investments across all verticals and regions in the intelligent buildings sector in 2020.
1. Prioritizing Intelligent Building Investment for Tackling the Climate Crisis:
Pragmatic investments are the cornerstone in 2020 as the market leaders commence a decade-long journey to achieve 2030 targets. Regardless of COP25 falling flat and Washington, DC, on a halt, corporations and local governments are taking significant strides towards policy development. The message has fuelled a newfound focus on the shift from climate change to the climate emergency.
Energy efficiency is the most economical pathway for reducing emissions. Still, much attention is given to renewable energy and offsetting corporate greenhouse gas footprints, which has dominated the market since the last few years. In 2020, energy efficiency will be partnered with an intelligent building strategy to become the winning proposition in the market.
2. The Master Systems Integrator Business will Strengthen Market Leadership
The market is growing for intelligent buildings, especially as a showcase for investments by fortune 100 leaders, giving the market more customer awareness and demand. The use cases are mostly aligned with the core customer pain points in all verticals, from healthy schools to optimized healthcare staff to effortless omnichannel shopping experiences.
For decades, the budgets, decision-making, budgets, and knowledge of IT and OT have functioned in isolation. The decisions for investments in OT were treated as tactical aspect and fulfilled by a mid-senior-level facilities management or engineering staff. In intelligent building construction, the stakes in the equipment is no longer disjointed, but a part of a cohesive strategy to aggregate controls, automation, and sensing that will scale up the operations depending on the insights derived from analytics.
3. The PropTech Tide will Bring an Infusion of Funding:
The category of digital technologies that is designed to buy sell, and manage real estate is popularly called Proptech; even though it is holistic, the management of properties is much important than the rest. The VC community has given proptech, one of the largest targets for funding, with a value crossing $20 billion in 2020.
As the market for intelligent buildings matures, solutions that showcase higher benefits and strategic business ideas via excellent management of real estate will bag the price. Even if the market is fragmented, and many players are vying for the customer dollar, the technologies have brought out exemplary development. By showcasing prowess in IT and the broad real estate value, many benefits can be reaped from investors in 2020.
Check out: Top Facilities Management Companies
See Also: Top Proptech Solution Companies