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Frost & Sullivan Reveals 8 Predictions for the 2021 Homes & Buildings Industry
SANTA CLARA, Calif., May 13, 2021 /PRNewswire/
As homes & buildings industry participants deal with the continued slowdown and fundamental shifts brought on by the pandemic, there are distinct pockets of industry opportunities. The effect of the pandemic was severe in the traditional markets such as HVAC, lighting and building automation. However, the technology-based software markets driven by the penetration of internet of things (IoT) at the field level of buildings, emerging adoption of artificial intelligence (AI)-driven solutions at the management level, and cloud-based remote services were resilient during the pandemic. Frost & Sullivan sees increased awareness of the value creation from these technologies among building managers and customers. The homes & buildings industry will continue to evolve with the penetration of advanced technologies delivering energy, cost benefits and, above all, val
European Home Automation Systems Market to Thrive as Subscription-based Business Models Ease Financial Pressures
SANTA CLARA, Calif., May 5, 2021 /PRNewswire/ Frost & Sullivan s recent analysis on the European home automation systems market finds that innovative subscription-based business models are key to increase mass-market adoption of professional home automation systems in Europe. This new model would ease the financial pressure on customers by allowing them to make monthly or annual payments instead of fixed-cost offerings. The increasing demand for indoor air quality (IAQ) products and growing awareness of energy-efficient retrofitting are the main growth drivers for the European market. By 2027, the market is estimated to reach