Smart Building Management Revenues to Top $4 Billion Per Year by 2018

Oyster Bay, New York - 06 May 2013

A drive for cost savings and energy efficiency has brought a wave of new players and capabilities into the commercial building automation market. Rather than competing directly with the giants of the established building automation system (BAS) market, these new entrants are bringing additional managed data services to help drive greater efficiency.

From 2013 to 2018, these commercial building managed BAS services will deliver annual revenues of more than $4 billion dollars worldwide, growing at a CAGR of 29% during the period.

“We are seeing a rush of investment, creativity, and revenues in developing what can be achieved with BAS data,” says Jonathan Collins, principal analyst. “These software as a service (SaaS) or cloud services have the ability to pull together management of multiple buildings and applications within them, simplifying the process of improving energy efficiency for building owners.”

Growing BAS network connectivity has opened up these systems to SaaS applications developed to analyze building environmental performance alongside a range of other data feeds such as local weather or energy pricing.

But it is not a market just for start-ups such as BuildingIQ, Sky Foundry, or Viridity Energy. The established giants of building automation systems including Johnson Controls, Siemens, and a handful of others have responded and are taking a range of approaches towards competing or integrating in the managed smart building market. Naturally, the largest IT and systems integrator companies have also seen potential in the market with IBM, HP, and Cisco all bringing their own approaches.

The scope of offerings and the ability of the players will be key to bringing their new services to the traditionally staid and entrenched BAS market. ABI Research has produced a new study titled “SaaS in the Building Automation Market” as part of the Home Automation Research Service, which looks at the rapidly developing market for smart building automation.

ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact ABI Research

Media: Interview an Analyst

Media Contacts

Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670