Market Research Report
IoT for Multifamily New Construction and Retrofit Markets: Global Market Analysis and Forecasts by Technology Type and Region, 2019-2028
|Published by||Navigant Research||Product code||897328|
|Published||Content info||37 Pages; 17 Tables, Charts & Figures
Delivery time: 1-2 business days
|IoT for Multifamily New Construction and Retrofit Markets: Global Market Analysis and Forecasts by Technology Type and Region, 2019-2028|
|Published: July 30, 2019||Content info: 37 Pages; 17 Tables, Charts & Figures||
Single family homes have traditionally been the main market for residential Internet of Things (IoT). Although that is likely to remain true, multifamily is expected to gain a significant share of residential IoT revenue in the coming years. Most multifamily activity takes the form of single family solutions in multi-unit dwellings that renters and owners are bringing into their apartments. However, builders and property managers are becoming more aware of the benefits of buildingwide smart home technology, and stakeholders are starting to realize the largely untapped opportunity this market has to offer.
Software solutions and platforms to serve needs specific to multifamily are starting to enter the market to address the pain points of building owners, property managers, and residents alike. This market faces many barriers, such as security and data privacy, low customer awareness, and a lack of financial incentives and financing. However, many traditional single family market barriers, such as interoperability and integration, are less present in the multifamily environment, spurring growth and interest among stakeholders. Navigant Research expects significant growth and activity in this market over the next decade as barriers are resolved, giving way to widespread adoption in multiple regions.
This Navigant Research report provides an analysis of the market issues related to multifamily IoT, including market drivers and barriers such as security, interoperability and integration, and customer awareness. The discussion includes emerging multifamily opportunities associated with low income housing, student housing, and senior housing applications. The report includes a market revenue forecast through 2028, segmented by multifamily new construction and retrofit as well as by region.