Table of Contents
Internet-of-Things Drives the Buildings Industry With Inter-industry Participation
Abstract: Rapidly-evolving building technologies, together with key market participants pushing for technological advancement in order to gain a competitive advantage are the driving forces for Internet of Buildings (IoB). The growing emphasis on energy efficiency of buildings and strong regulatory support aim to achieve a completely integrated and automated building. The development of Information and Communication Technology (ICT) will complement the development of building-technology markets such as building automation, lighting, and integrated facilities management. This study covers Mega Trends, industry convergence, technology trends, reforms of business models and policies, competitive and best practices, and end-user opportunities.
-Rapidly-evolving building technologies, together with key market participants pushing for technological advancement to gain a competitive advantage, are the driving force for Internet of Buildings (IoB).
-The growing emphasis on building energy efficiency and strong regulatory support is to achieve a completely integrated and automated building.
-However, the development of IoB is unlikely to be achieved in the short term due to security issues and lack of clarity on roles and responsibilities.
-The industry is expecting a continuous collaboration and partnership among participants and stakeholders, which will help in the evolution of the industry.
-Commercial buildings are highly regarded as an implementation ground for IoB, followed by industrial and government buildings, which largely depend on regulatory support.
-Market opportunities in Asia-Pacific remains with developed countries in the region, as regulatory framework and support are high and mature.
-The development of IoB among developing countries is limited, as there is low awareness and existing infrastructure is unable to support advanced building technology implementation.
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