SecurityWorldMarket

03/04/2020

Buoyant occupancy analytics demand drives smart buildings market

Stockholm, Sweden

The research indicates that there are 221 companies actively engaged in providing occupancy analytics or location based services to the office buildings sector.

One major trend reshaping the smart buildings market is the increased focus on occupant-centric workplaces, which has developed over the past few years.  This is the opinion of research company Memoori from their latest findings on the occupancy analytics and in-building location based services sector.

Organisations are looking for new ways to attract and retain the best people and empower them to be productive. Shifts in the landscape of work are driving a greater focus on occupant experiences and interactions with buildings. Although challenging to quantify, the impact of employee surroundings on business performance is receiving increased attention. The tools required to effectively manage and optimise office space utilisation have evolved rapidly and their usage is becoming more widespread, with case-studies citing increases in density of 80-90%, as well up to 30% less wasted space.

The report enables the reader to discover global market projections & the striking diversity and range of companies addressing this opportunity. The research indicates that there are 221 companies actively engaged in providing occupancy analytics or location based services to the office buildings sector; of these 49% are based in EMEA predominantly Europe. In total, there is a 44% increase in the number of suppliers identified in the original report produced 2 years ago.

The report will cover predictions on how & why the market is growing, and estimates system sales of $2.17 billion in 2019, rising to $5.73 billion by 2024, growing at a compound annual growth rate of 21.5%.

The mergers and acquisitions activity in the occupancy analytics and location-based services space has also seen an unprecedented rise since 2017. In total 70 companies received investment in the last two years. This amounted to $627 million invested over 24 months.


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