Leaders provide valuable software that delivers impactful data insights for commercial building customers and tenants
BOULDER, Colo., Oct. 18, 2023 /PRNewswire/ — A new report from Guidehouse Insights assesses the competitive landscape for vendors in the intelligent building software market.
Intelligent building solutions are a steadily growing market segment as commercial building owners and managers adopt new technologies for reducing energy use and carbon emissions, increasing building efficiency, and satisfying tenant demands for comfort, productivity, and safety. According to Guidehouse Insights, Siemens, Schneider Electric, and Honeywell are the leading intelligent building software vendors. Each company stands out from the competition because of its ability to provide valuable software that can meet the growing and diverse needs of clients, and deliver impactful data insights for commercial building customers and tenants.
“Harnessing the data to reach these separate, but related goals requires advanced software solutions. Legacy software and hardware systems can help but are limited as data volumes increase and complexities mount,” says William Hughes, principal research analyst with Guidehouse Insights. “The latest software offerings integrate data from multiple building systems, providing valuable business outcomes previously difficult to achieve with point solutions that only partially optimized parts of the building system.”
The various companies covered in this Guidehouse Insights Leaderboard reflect an emerging market with well-known brands competing against innovative startups. No provider has a complete solution given the complex business challenges buildings present—energy efficiency, indoor air quality, and energy management—though some are moving toward that goal. As the market evolves, Guidehouse Insights expects ongoing improvements in these solutions as companies improve their capabilities in using building data with AI and machine learning techniques, according to the report.
The report, Guidehouse Insights Leaderboard: Intelligent Building Software, examines 16 intelligent building software providers and their platforms for optimizing commercial facilities. Each of these companies has a successful track record, but each has a unique approach. Guidehouse Insights uses a proprietary Leaderboard methodology to profile, rate, and rank 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 12 criteria: Vision, Go-to-Market Strategy, Partners, Technology, Cybersecurity, Geographic Reach, Product Capabilities, Complementary Services, Hardware Integration, Breadth of Offerings, Pricing, and Staying Power. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 16,500 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Intelligent Building Software, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights