Navigant Research recently released a report examining trends in technology and the market that will shape the future of smart buildings in the years to come. Navigant Research is a market research team that studies a variety of global clean technology markets to help provide forecasting for businesses. In the report, called Intelligent Buildings: 10 Trends to Watch in 2016 and Beyond, the research group looked at everything from trends in investments to new opportunities in various areas of smart building solutions, and the data they collected helped them to present a report looking all the way to 2024.

 Smart Buildings from 2016 to Beyond

Navigant Research’s new report presents their top 10 predicted trends for the smart buildings market for the next decade. They examined the many different areas in the smart building industry, including building energy management systems (BEMSs), lighting controls, and HVAC systems. One part of the report said that global investment in building energy management systems is expected to grow from $2.8 billion in 2016 to $10.8 billion in 2024.

Casey Talon, a senior research analyst at Navigant Research, stated that the “report highlights how intelligent buildings, in 2016 and beyond, will generate more revenue, meet changing occupant demands, and respond to evolving policy pressures impacting the facilities industry.” Talon said, “Intelligent building solutions represent a new generation of tools that leverage today’s data-rich commercial building environment to help stakeholders across the value chain.”

Smart buildings, especially in connection with the Internet of Things (IoT) and cloud computing, are increasingly being seen as valuable investments in our technology-driven world. They provide new solutions for becoming more energy-efficient and managing buildings and businesses better than ever before. Many businesses turn to smart building technology seeking help on issues like space utilization and operational efficiency, and the smart building industry is continuing to grow to meet new demands.

Smart Building Technology for Your Business

ACS is a leading provider of smart building and building automation technology in the Kansas City area. Call today at (913) 248-8828 to learn more.