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

  • Survey Shows Election Anxiety Crosses Party Lines

    New reports of election worker intimidation are raising concerns about election interference. A majority of Americans (71%) are worried about voter intimidation or safety at the polls, and 75% want security cameras at their voting place, according to a new national survey. Read Now

  • 66 Percent of Cybersecurity Pros Say Job Stress is Growing

    Sixty-six percent of cybersecurity professionals say their role is more stressful now than it was five years ago, according to the newly released 2024 State of Cybersecurity survey report from ISACA, a global professional association advancing trust in technology. Read Now

  • Live from GSX 2024: Post-Show Recap

    Another great edition of GSX is in the books! We’d like to thank our great partners for this years event, NAPCO, LVT, Eagle Eye Networks and Hirsch, for working with us and allowing us to highlight some of the great solutions the companies were showcasing during the crowded show. Read Now

    • Industry Events
    • GSX

  • Research: Cybersecurity Success Hinges on Full Organizational Support

    Cybersecurity is the top technology priority for the vast majority of organizations, but moving from aspiration to reality requires a top-to-bottom commitment that many companies have yet to make, according to new research released today by CompTIA, the nonprofit association for the technology industry and workforce. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises. 3

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file. 3

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.” 3