Hot Prospects for Building Analytics in the Middle East and US

Hot Prospects for Building Analytics in the Middle East and US

  • Mar 07, 2013

IHS Inc. forecasts the global market for building analytics used in intelligent buildings will be worth nearly $50 million in 2016. Major drivers of the building analytics market include: legislation and certification for both commercial and government buildings; monetary incentives for green buildings; potential energy savings; and reduced maintenance and servicing costs. Furthermore, it is anticipated that building analytics will increasingly be used in conjunction with demand-response as a means to more efficiently reduce the energy consumption of a building without adversely affecting occupants.

“The market for building analytics is currently in the initial stages of development,” said Sam Grinter, market analyst. “Early adopters in the Middle East, the U.S. and Australia have been quick to take advantage of the benefits offered by these solutions. These geographic markets will continue to be key-growth areas for building analytics over the next four to five years.”

Sustainable, value-added services, such as building analytics, are currently being supported by local governments and businesses in the Middle East and U.S. For example, the Emirates Energy Star is a certification body that hands out awards on the basis of a building’s energy savings. Meanwhile, the U.S. General Services Administration (GSA) is also taking advantage of the $4 billion Green Building Initiative announced by President Obama in 2011.

“Legislation will be a crucial factor in driving wider global adoption of building analytics,” Grinter added. “Other countries will likely follow Australia’s lead in implementing measures such as the carbon tax, thus making the energy consumption of buildings a key concern for building owners.”

While the building analytics market is still in the very early stages of development, it presents a good opportunity for investment in what otherwise is a relatively conservative industry. For building analytics to see widespread adoption, nationwide legislation aimed at reducing energy consumption will have to be implemented, and the potential benefits of using building analytics must be clearly presented to building owners and key decision makers.

Featured

  • Integration Imagination: The Future of Connected Operations

    Security teams that collaborate cross-functionally and apply imagination and creativity to envision and design their ideal integrated ecosystem will have the biggest upside to corporate security and operational benefits. Read Now

  • Smarter Access Starts with Flexibility

    Today’s workplaces are undergoing a rapid evolution, driven by hybrid work models, emerging smart technologies, and flexible work schedules. To keep pace with growing workplace demands, buildings are becoming more dynamic – capable of adapting to how people move, work, and interact in real-time. Read Now

  • Trends Keeping an Eye on Business Decisions

    Today, AI continues to transform the way data is used to make important business decisions. AI and the cloud together are redefining how video surveillance systems are being used to simulate human intelligence by combining data analysis, prediction, and process automation with minimal human intervention. Many organizations are upgrading their surveillance systems to reap the benefits of technologies like AI and cloud applications. Read Now

  • The Future is Happening Outside the Cloud

    For years, the cloud has captivated the physical security industry. And for good reason. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. But as the number of cameras grows and resolutions push from HD to 4K and beyond, the cloud’s limits are becoming unavoidable. Bandwidth bottlenecks. Latency lags. Rising storage costs. These are not abstract concerns. Read Now

  • Right-Wing Activist Charlie Kirk Dies After Utah Valley University Shooting

    Charlie Kirk, a popular conservative activist and founder of Turning Point USA, died Wednesday after being shot during an on-campus event at Utah Valley University in Orem, Utah Read Now

Most   Popular

New Products

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.