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Guidehouse names top players in smart buildings
- October 30, 2023
- Steve Rogerson
Siemens, Schneider Electric and Honeywell are the top intelligent building software vendors, according to Guidehouse Insights.
They provide, says the report, valuable software that delivers impactful data insights for commercial building owners and tenants.
The report assesses the competitive landscape for vendors in the intelligent building software market.
Intelligent buildings are a steadily growing market segment as commercial building owners and managers adopt technologies for reducing energy use and carbon emissions, increasing building efficiency, and satisfying tenant demands for comfort, productivity and safety.
According to Guidehouse, 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 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,” said William Hughes, principal research analyst with Guidehouse Insights. “Legacy software and hardware systems can help but are limited as data volumes increase and complexities mount. The latest software offerings integrate data from multiple building systems, providing valuable business outcomes previously difficult to achieve with point solutions that only partially optimised parts of the building system.”
The various companies covered in this Guidehouse leaderboard reflect an emerging market with well-known brands competing against innovative start-ups. No provider has a complete offering given the complex business problems buildings present – energy efficiency, indoor air quality and energy management – though some are moving towards that goal.
As the market evolves, Guidehouse expects ongoing improvements in these 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 optimising 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, cyber security, geographic reach, product capabilities, complementary services, hardware integration, breadth of offerings, pricing, and staying power.
An executive summary of the report can be found at: guidehouseinsights.com/reports/Guidehouse-Insights-Leaderboard-Intelligent-Building-Software.