1. Market Research
  2. > Wireless Technology Market Trends

Opportunities for Internet of Things (IoT) in Smart Buildings : Adoption of Common Standards for Cyber-physical Systems is Vital for Market Growth

  • March 2015
  • 58 pages
  • Frost & Sullivan
Report ID: 2831960


Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Cellular Machine-to-Machine (M2M) Forecast: 2017-22

  • $ 13000
  • Industry report
  • June 2017
  • by Ovum

Introduction Ovum’s Cellular Machine-to-Machine (M2M) Forecast: 2017-22 is an Excel spreadsheet product that provides quantitative information on cellular M2M connections, service provider revenue by ...

Internet of Things (IoT) Forecasts 2017 - 2022

  • $ 9995
  • Industry report
  • May 2017
  • by Mind Commerce Publishing

Overview: With one of the most comprehensive portfolios of Internet of Things (IoT) research, Mind Commerce provides IoT forecasts in the following areas: · IoT Regional Forecasts · IoT ...

Consumer IoT Forecast: 2016-21

  • $ 7500
  • Industry report
  • June 2017
  • by Ovum

Introduction The consumer IoT market is set for tremendous growth over the next five years with unit sales to jump nearly fivefold from 366 million in 2016 to 1.8 billion in 2021. The installed base of ...


Reportlinker.com © Copyright 2017. All rights reserved.

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