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Creating a smart environment is impossible without a thorough, real-time awareness of conditions and fluctuations within a building. And sensors are a key component in gathering the required real-time intelligence. After the enduring impacts of the global COVID-19 pandemic, commercial building management systems are held to new standards as many companies transition back to the office. For example, occupancy sensing is important for designing smaller, more flexible workspaces for hybrid environments.
By 2027, the smart home hardware market will be a US$18 billion opportunity in Asia-Pacific, an industry that has historically been dominated by the North American market and its vendors. However, that trend is over and vendors will increasingly have to adapt their smart home strategies and products in response to the impact of developing Chinese and Asia-Pacific smart home markets.
The following market trends came from ABI Research’s Smart Apartments and Multiple Dwelling Units research analysis report.
Smart home technolgies have traditionally been offered by providers to homeowners in the Business-to-Consumer (B2C) space. However, within the last 5 years, there has been a shift toward offering smart devices and software to apartment owners/managers, with a Business-to-Business (B2B) marketing angle. The age of smart apartment solutions is well underway.