Smart Buildings

The Global Market for AI & Machine Learning in Smart Commercial Buildings

The potential for Artificial Intelligence (AI) to help transform the performance of commercial buildings has been well documented for several years. But as with most technology innovations, the industry has been slow to adopt AI and Machine Learning techniques. Coupled with this, marketing hype from vendors has often painted a confusing picture of what AI actually is, and what its real benefits are. However, over the last couple of years, some genuinely transformational and highly innovative commercial AI solutions are emerging in the smart buildings space. Against this backdrop, we present a comprehensive market analysis based on a bottom-up model that evaluates the AI and Machine Learning offerings of 255 companies, ranging from the world’s largest tech firms, to niche startups based in a total of 17 different countries around the globe. We estimate that the market for AI & Machine Learning in Smart Commercial buildings generated total revenues of $1.11 billion in 2020, and […]

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