Press Release

Smart Building Managed Services Spending to Surpass $1 Billion by 2020


September 7th, 2012

Global Information Inc. would like to present a new market research report, "Smart Building Managed Services: Global Market Analysis and Forecasts" by Navigant Research.

As part of the effort to cut costs in the global recession, many commercial building owners and managers have installed building energy management systems (BEMS) to reduce energy use and operating expenses. While these new systems can provide significant efficiency gains, their sophistication can be beyond the capabilities and resource levels of a buildings operating or maintenance staff. Consequently, smart building managed services are growing in demand and popularity as a means of solving these and other building energy management market issues. According to a new report from Pike Research, a part of Navigants Energy Practice, worldwide spending on these outsourced services  which include data acquisition and analytics, as well as building maintenance contracts  will grow from $291 million in 2012 to $1.1 billion by 2020.

"As the need for sophisticated building energy management systems grows worldwide, so will the need for simpler, turnkey solutions that unlock energy efficiency," says senior research analyst Eric Bloom. "Smart building managed services allow building owners to outsource their energy management needs to experts who continuously monitor their facilities, searching for opportunities to reduce energy costs and improve operations."

The smart building managed services opportunity unites building equipment vendors, software companies, and real estate/property management companies in unprecedented ways. Indeed, very few players in the current smart building managed services market could be considered purely managed service providers. According to the report, some of the strongest competitors are the large building systems equipment manufacturers, including Johnson Controls, Siemens, and Schneider Electric, which provide a wide variety of products and services in many different areas. Two more focused companies, Ecova and Pacific Controls, have developed significant technology offerings with a targeted, service-oriented approach.

The report, "Smart Building Managed Services", examines the global smart building managed services market trends, along with opportunities and challenges, business strategies, and key industry players. The report examines the technology issues in the smart building managed services market and includes profiles of 18 vendors. Market forecasts include total market growth from 2012 through 2020, market share and growth rate comparisons, and projections for five world regions.


Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

Product Code : 249192