1. Market Research
  2. > Wireless Technology Market Trends
  3. > Opportunities for Internet of Things (IoT) in Smart Buildings

Key CEO 360 Degree Perspectives on IoT in Smart Buildings

Solving issues related to data privacy, security, and interoperability of devices with wireless protocols is the key to surpassing the smart building industry’s IoT expectations.
Development of flexible and cost-effective cloud-based applications that convert green and smart data into a decision-making platform will help extract the full potential of IoT.
Adoption of Internet of Things (IoT) in building management will change the market dynamics of smart buildings because of low prices of IoT-based components and availability of advanced software solutions.
IoT plays a significant role in shaping the future of building automation systems, as it reduces the infrastructure and operating costs of a building through improved centralisation and the zero-retrofit process.
Cross-industrial partnerships between building technology providers and IoT providers are essential to demonstrate pilot models and develop scalable technologies.

3 Big Predictions

IoT is a game-changing opportunity for smart building participants. It enables them to provide integrated solutions to maximise operational and energy efficiency, enhance innovation, develop remote services more easily, and create new and valuable insights for end users.
Rapid urbanisation, global connectivity, and digital convergence of next-generation IT solutions are the top trends expected to induce partnerships that exploit new growth opportunities in smart buildings, enabled by IoT and cloud-based solutions.
Innovation of low power and low data-rate connectivity devices and the adoption of common standards for data security and privacy and communications are influential factors in the acceptance of the IoT value proposition by end users.Relevant Mega Trends for IoT in Smart Buildings

Connectivity and Convergence
New technologies will increase growth for many innovative applications, and create a connected world, changing the way people live, communicate, conduct business, and interact with machines. Technological advancement coupled with satellite development and artificial intelligence, will create several new business models and growth opportunities. Future convergence will be defined as a joining of products (e.g., electric car), industries (e.g., healthcare and IT) and technologies (e.g., smart home hub).

Smart is the New Green
Green products and services will be replaced by smart products and services. A smart product is one that has intelligent sensing technology. This trend is increasingly being integrated with Internet technologies; it creates optimised operations, improved efficiency, and products capable of reacting and communicating to changing environments. Smart products have a strong business case, can typically provide energy and efficiency savings up to x %, and have a x - to x -year Return on Investment (RoI).

Urbanisation: City as a Customer
Increasing urbanisation will lead to an integration of central cities with suburbs and emerging cities, resulting in expanding city limits, which will have a massive impact on the future of mobility, working life, and society. As a result, Mega Cities, Mega Regions, Mega Corridors, and smart and sustainable cities will emerge. ‘City as a customer’ is an implication of urbanisation, wherein cities (and not countries) are considered to be potential customers and investment hubs for wealth creation and economic growth. Every city will have unique infrastructure demands and offer cross-sectoral micro-implications and opportunities for companies.

Table Of Contents

Opportunities for Internet of Things (IoT) in Smart Buildings
Opportunities for Internet of Things (IoT) in Smart Buildings : Adoption of Common Standards for Cyber-physical Systems is Vital for Market Growth
Executive Summary 3
Mega Trends Driving IoT in Smart Buildings 7
IoT—Making Connections 22
Smart Buildings—Building of the Future 27
Transformation of IoT in Smart Buildings Beyond 2015—Drivers and Restraints 32
IoT—A Visionary Technology in Smart Buildings Environment 38
Appendix 48
The Frost and Sullivan Story 51

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
IoT value chain revenue: worldwide trends and forecasts 2016–2025

IoT value chain revenue: worldwide trends and forecasts 2016–2025

  • $ 7999
  • Industry report
  • February 2017
  • by Analysys Mason

"Connectivity comprises only 14% of mobile IoT and LPWA solutions revenue and it is unclear how operators will successfully generate value beyond this." Total revenue from the mobile IoT and LPWA solutions ...

Service delivery platforms: worldwide forecast 2016–2020

Service delivery platforms: worldwide forecast 2016–2020

  • $ 7999
  • Industry report
  • November 2016
  • by Analysys Mason

"Virtualisation of service delivery platforms has begun for next-generation communications and video services and will accelerate after 2017." The worldwide service delivery platforms (SDPs) market is ...

IoT in Manufacturing Market by Software, Platform, Service, Application, Vertical Markets, and Region - Global Forecast to 2021

IoT in Manufacturing Market by Software, Platform, Service, Application, Vertical Markets, and Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure is boosting the growth of the IoT in manufacturing market” The Internet of Things (IoT) in manufacturing ...

Top 10 Connected/smart Industries

February 2017 $ 5650


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.