According to a report from Navigant Research, Schneider Electric, Siemens and Honeywell are the leading intelligent building software providers for commercial facility optimization.
Navigant examined the strategy and execution 14 intelligent building software providers and their platforms for optimizing commercial facilities, with these four companies ranked as the leading market players.
Intelligent building software is a growing market segment as commercial building owners and managers adopt new technologies for reducing energy use, increasing building efficiencies and satisfying tenant demands for comfort, productivity and sustainability. The latest software offerings integrate data from multiple building systems, providing valuable business outcomes previously difficult to achieve with point solutions.
“These companies have distinguished themselves in the market by offering a broad portfolio of applications that meet the growing and diverse needs of clients, delivering operational efficiencies that reduce energy consumption and increase occupant comfort and usability,” says Neil Strother, principal research analyst with Navigant Research. “Their products also combine data in new ways, breaking down silos that tend to hinder valuable insights and greater efficiencies.”
While market offerings are becoming more useful, no provider has a complete solution given the complex business challenges buildings present—though some are moving closer to that goal, according to the report. Ongoing improvements and some breakthroughs are expected in the coming years as companies improve their capabilities in using building data with artificial intelligence (AI) and machine learning (ML) techniques.
The report examines 14 intelligent building software providers and their platforms for optimizing commercial facilities. Navigant Research methodology profiles, rates and ranks vendors with the goal of providing an objective assessment of their relative strengths and weaknesses in the global intelligent building software market. These players are rated on 10 criteria: vision, go-to-market strategy, partners, technology, cybersecurity, product capabilities, complementary services, hardware integration, breadth of offerings, and pricing.
