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.
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 simultaneously 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.
Tech solutions and innovations in smart building
Using the discovery feature on Innopipe, 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:
1702ai.com | Zürich, Switzerland
threat detection technology designed to detect weapons in real time and make people safe. The company’s software can process footage in real time and is engineered for cities and buildings. The software uses deep learning to enable public safety organisations to constantly capture security video footage and produce real time image analysis.
75f.io | Burnsville, US
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.
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.
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.
sonitor.com | Oslo, Norway
Developer of an ultrasound indoor positioning technology intended to position people, equipment, and smartphones accurately and reliably. The company’s technology specializes in RTLS, indoor positioning, real-time location systems, ultrasound, USID, indoor tracking, and much more. This enables customers to increase productivity, reduce costs and improve personal experiences and the quality of life.
Do you want to be updated with future Innosights?
Drop your email address here and we’ll keep you posted!