Connected Devices

In this Research Note, we examine the Buildings business of Siemens, which operates within the Smart Infrastructure (SI) division, based on their Q4 earnings release and investor presentations of 13th November 2025 and the Capital Market Day presentation in December 2024. This article focuses on the latest financial results, divisional revenue mix and acquisitions, followed […]

In this Research Note, we examine the Johnson Controls building solutions business, based on 5th November 2025 Q4 earnings release, conference call and investor presentation, reporting financials year ending 30th September 2025.  We also highlight additional recent divestments not mentioned on the conference call and conclude with a view of progress in digital services and […]

This Research Note examines Neeve, the US startup offering an edge-cloud platform designed to enhance smart building operations by integrating operational technology (OT) systems into secure, connected environments. We highlight its founding as IoTium, before exploring its current offering, deployments, funding and partners, concluding with our view of the business. Neeve Profile Founded in 2015 […]

Commercial buildings are rapidly becoming software-defined assets. Cloud-based IoT platforms, expanding sensor networks and data-hungry applications are reshaping everything from HVAC and lighting to space utilization and tenant services. This digital shift promises measurable gains in sustainability and efficiency, but it also raises the stakes for networking, cybersecurity and lifecycle operations. What part will IT […]

This Research Note examines Utopi, a Scottish IoT device startup that has gained traction in the Purpose-Built Student Accommodation (PBSA) market.  We explore the firm’s software and hardware offerings, deployments, funding, and financial highlights. Utopi Profile Founded in 2019 in Lanarkshire, Scotland by Ben Roberts, Falk Bleyl, John Trower, and CEO Jonathan Burridge, Utopi Ltd […]

“I always say ‘tariffs’ is the most beautiful word to me in the dictionary,” said US President Donald Trump on numerous occasions. Barely three months into his second term as president, Trump may have made more tariff changes than any period in modern US history. Today, on “Liberation Day”, Trump is set to make a […]

“IoT deployments in smart commercial buildings continue to gain momentum, driven by regulatory compliance, energy efficiency mandates, and the push for enhanced operational performance,” explains our latest smart building research. “Organizations are investing in IoT hardware to optimize building functions, improve tenant experiences, and lower long-term costs. However, implementation costs remain a critical consideration.” IoT […]

This presentation discusses our latest research on IoT connectivity in commercial buildings, projecting growth from approximately 2 billion connected devices in 2024 to 4 billion by 2030. Our analysis covers retail, offices, hotels, warehouses, and data centers, examining connectivity types, implementation frameworks, emerging technologies, and security considerations. Commercial Building IoT Technology Stack Our research identifies […]