Trends in Smart Buildings
(+5 cool tech companies)

In this Innosight:

Virtually everything in a smart building is connected

Like everything nowadays, even buildings are getting smarter. Smart buildings use automation to monitor and modify numerous elements. These include things like heating, ventilation and air quality (HVAC).
Virtually everything in a smart building is connected. As a result, energy is used more efficiently. This is highly beneficial, not only on the level of the individual building, but also globally. As we continue on the journey of digitalisation, we are simultaniously fighting climate change.
This increasing level of smart technology has a powerful impact in several critical areas that could benefit the environment. Not only do smart buildings increase sustainability, they also increase productivity. By closely monitoring lighting, air quality and temperature, offices can be turned into spaces in which well-being thrives, and individuals are happier and more productive.
Additionally, all of this will surely reduce costs.

A tenfold increase in investment

Interest in the field has increased throughout the years. However, it wasn’t until 2018 that a real growth in investment was experienced. Since then, the number of investment deals has decreased while the total amount invested has increased.

According to Pitchbook, the average value of a deal in 2018 was around €2.2M. A year later, that number increased over 50% with the average being €3.4M. A similar trend can be seen already from the first quarter of 2020. With only 11 deals made, the total investment amounted to €242M, making the average deal value €22M – A tenfold increase since 2018.

The 2020s will without doubt be the decade of smart buildings. This fact is further supported in a forecast by Statista. The forecast expects the number of smart homes to double worldwide in the space of five years, increasing from 221 million in 2020 to 483 million in 2025.

The most heavily-invested areas

The market breakdown can be seen below. It focuses on the 5 most heavily-invested elements in the market. The most heavily-invested element is smart surveillance. It comprises video surveillance, image recognition and analytics, among other things. Each element is further discussed below the graph. 

Smart surveillance

Reliable technology that detects risks and threats

Access control

Solutions that ensure safety by authentication and authorisation

Tenant engagement

A concept in which tenants and landlords co-operate

Energy efficiency applications

Applications that use sensors to optimise energy usage

Tech solutions and innovations in smart building

Using a discovery feature on Innopipe platform, we pulled a list of growth companies that operate in the smart building industry. Additionally, we’ve filtered an AI-powered rating to be able to first see the companies with the highest score. Here are 5 cool tech companies our data analysts chose to highlight in this Innosight: 


spaceflow.io | New York, US

Spaceflow delivers software and community engagement services to landlords and building operators across the globe. Spaceflow represents an operating system that integrates both physical and digital aspects, and community engagement to create an elevated experience for occupants.


www.bine.world | Poznan, Poland

Bin-e is an AI-based smart waste bin, designed for office spaces and smart buildings, enabling them to achieve efficiency in waste management and reach green strategy goals. It combines most advanced technology to simplify recycling and facilitate the transition to a circular economy. It sorts and compresses the waste automatically, controls the fill level and processes data for convenient waste management.


www.75f.io | Burnsville, United States

Manufacturer Provider of smart building automation systems designed to reduce and save energy. The company’s building automation systems are HVAC controlled that uses wireless sensors and other technology to automatically adjust temperature in offices and other commercial buildings, enabling clients to save energy while improving comfort and indoor air quality.

Creavision Technologies

www.crea.vision | London, UK

Crea.Vision is working with proprietary computer vision technology to help machines better see and understand the world. It’s biologically inspired panoramic computer vision sensor features long range recognition and localisation capability, which enables a range of autonomous solutions for smart buildings, improving safety, productivity and efficiency. Card-less access control, facility management, behaviour analytics and other AI applications.

Skandal Technologies

www.skandal.tech | Helsinki, Finland

Manufacturer of intelligent ambient light systems utilising printed electronics light sheets. The company’s intelligent ambient light systems include printed light sheets, biomimetic control and inbuilt sensing technology which integrates with various sensors and data inputs enabling lighting designers, interior designer and architects to create new kind of services, light features and ambient communication surfaces.

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