June 10, 2013—Commercial and retail end users will drive the growth of remote monitoring services in intelligent buildings, accounting for more than 80 percent of the $400 million market in 2016, according to a new study by IMS Research, a division of IHS Inc. that provides market research and consultancy to the global electronics industry.
Remote monitoring in intelligent buildings is a service offered by third-party companies that audit and report on the operational performance of a building. The services have two key selling points. First, auditors can make recommendations to save energy costs by determining, for instance, a more efficient schedule for the building automation system. Second, the building owner can reduce internal staffing costs for the facility by using a third-party service provider.
Remote monitoring service providers have found success with commercial and retail end users by demonstrating the effectiveness of the systems in trial deployments, notes IHS. Then, once the return on investment is demonstrated, services are rolled out throughout the wider building portfolio. The services in intelligent buildings are looked upon as a competitive advantage, which explains why adoption has spread relatively quickly.
As the market develops further, other end-user industries such as education, government, data centers and hospitality will increasingly take advantage of the services, IHS believes. The systems are expected to not only improve building efficiency, but also reduce internal staffing costs for monitoring and maintaining buildings.
For further information see the IMS Research Building Automation Web page.
