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How smart building technology can help offices and retail thrive post-COVID 19May 11, 2020Despite the Covid-19 outbreak, Omdia predicts significant investment in smart building projects in the retail sectors as a mean of responding to the sector’s challenges. Sales of smart building technologies are anticipated to grow by 4.3% in 2020 to reach $685.7 million.
Maintenance and remote services to be main growth driver in building automationMay 08, 2020The global market for building automation equipment will be one that is increasingly driven by the use of maintenance and remote services, as system design and installation become less influential factors in spurring industry growth, new research from Omdia shows.
White paper - The impact of COVID-19 on physical security marketsMay 07, 2020The economic consequences of the coronavirus pandemic will undoubtedly hit the professional video surveillance, intruder alarm and electronic access control markets hard. Despite the gloomy overall outlook for the global market, there are a small number of new opportunities for vendors in regards to specific verticals and technological trends.
Despite COVID-19 smart speaker market expands during 1Q20April 09, 2020According to Omdia’s latest smart speaker tracker, the North American smart speaker market increased by about 6 percent during 1Q20 compared with 1Q19.
The Netherlands leads for smart building technologies in EuropeApril 01, 2020Demand grows for smart building products in Western Europe, including BMS platforms and connected equipment, worth $3.1 billion and $773 million respectively in 2018.
Key takeaways from AHR Expo 2020 underscore ongoing significance of IIoT for HVACR industryMarch 11, 2020At the recent 2020 AHR Expo in Orlando, Florida, Omdia analysts were among more than 50,000 attendees and 1,900 exhibiting companies attending the show. The world’s largest event on heating, ventilation, air-conditioning, and refrigeration (HVACR), the Expo attracts OEMs, engineers, contractors, facility operators, architects, educators, and industry professionals from around the globe to share ideas and to showcase the future of HVACR technology.
Surging demand for consumer security cameras and video doorbells spurs new competition, challenging market leaders Nest and ArloMarch 03, 2020The global market for do-it-yourself (DIY) standalone network security cameras is forecasted to surge by 80 percent by 2024—a rapid pace of growth that is attracting new competitors.
Asia surpasses North America to become world’s largest smart speaker marketFebruary 24, 2020Globally, more than 100 million smart speakers were shipped in 2019, up about 41 percent from 72 million in 2018. Shipments are expected to increase by an additional 36 percent in 2020.
Intruder alarms market in the Middle East: a separate playbook for each countryJanuary 17, 2020Fragmented, variable, and relatively unregulated, the market for intruder alarms in the Middle East poses unique challenges for companies wishing to do business in the region, entailing deft navigation and handling of specific settings, circumstances, and conditions endemic to each country market.
Healthcare sector to be fastest growing market for smart building technologies in the next five yearsJanuary 16, 2020Global demand for connected equipment in the healthcare sector is forecast to increase at a rate almost 2 percentage points higher than the market average for the overall smart building market.
AI analytics in BMS will help make buildings smart and responsiveDecember 30, 2019Artificial intelligence (AI) has the power not only to automate buildings but also to make them truly adaptive, smart, and agile, with the use of AI analytics helping to improve operations, reduce inefficiencies, and lower costs across building platforms in a wide range of industries.
Amazon, Apple, Google Announce Joint EffortDecember 18, 2019Amazon, Apple, Google, and the Zigbee Alliance today announced a new working group that plans to develop and promote the adoption of a new, royalty-free connectivity standard to increase compatibility among smart home products, with security as a fundamental design tenet (Project Connected Home over IP).
Lack of a ‘Killer App’ not to blame for smart home woesDecember 06, 2019Over the past few weeks, there have been several blogs and press releases offering opinions on the smart home market. The primary takeaway from these articles is that the smart home is beginning to reach saturation in North America and that many manufacturers actually lack the marketing and creativity prowess to push the smart home, over the hump, to the masses.Subscribers Only
Digital assistant vendors take leadership positions on the IHS Markit Smart Home Vendor ScorecardSeptember 30, 2019Among the 10 leading smart home vendors, tech giants Amazon, Google, Alibaba and Apple sell digital assistant solutions. Three of these companies—Amazon, Google and Alibaba—placed among the top-four competitors ranked by the Scorecard.
Smart building business model insightsAugust 06, 2019IHS Markit Technology (now part of Informa Tech) have just published the ‘Smart Buildings Business Models Market Brief – 2019’ and we would like to share with you an interesting summary on the different business models currently used by Smart Buildings vendors.
Voice Assistant in Hospitality TVs – The Current State of PlayJuly 30, 2019Following the trend of household preferences gradually migrating to hospitality, voice assistant technology will be a key disruptive trend in this sector. IHS Markit forecasts that hospitality will be the second-largest commercial vertical market for smart speakers by 2022.Subscribers Only
IFSEC event showcases increasing maturity of AI, cybersecurity and smart building solutionsJuly 26, 2019While attendance at the 2019 exhibition held in London in June was small compared to previous years, the show still managed to generate big news in critical areas, including artificial intelligence (AI) and cyber security.
Google Ending 'Works with Nest'May 09, 2019On Tuesday, May 7th, Google announced it will end its ‘Works with Nest’ program on August 31st, 2019.Subscribers Only
At CERAWeek 2019, technology and energy continue to coalesce in force and presenceApril 04, 2019The interrelation of energy and technology is not new. However, CERAWeek seems primed to be at the nexus of these two disciplines in the future. I expect the increased presence of technology companies at future conferences, an even larger Agora, and a sharpened focus on transformational technologies like cloud services, IoT, AI, and robotics. This is true especially as cloud giants look to more fully penetrate markets beyond consumer and enterprise.
Open protocols and cloud-based architectures led the conversation at ISH 2019April 01, 2019At the ISH 2019 trade fair this year, leading companies competing in the home and building automation sector were once again present in Frankfurt, Germany, showcasing their latest products and advances, with a highlight on open protocols and cloud-based architectures. There was additional emphasis placed on building information modelling (BIM) services, as this is a topic of substantial industry interest.