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 […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now for just $200 per year per user (just $17 USD per month) for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 1,700 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers! So if you only buy ONE report you will get your subscription fee back!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

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 we forecast it will grow by 24.3% CAGR through to 2025 nearly tripling in value to approx. $3.3 billion by 2025.

While organic sales growth of new AI powered solutions will be responsible for the majority of the expected growth in the market, it will also be driven, in part, by AI taking responsibility for an ever-greater proportion of existing building systems already in operation. AI devices will increasingly displace older generations of edge devices, and AI powered analytics will displace some more traditional forms of software analytics being sold today.

The global AI industry is attracting significant investment and this trend also applies to those with solutions for the Smart Building market. 120 of the 255 firms in our list having received some form of declared equity investment. Of these, 111 have received $1 million or more in declared funding with the median total amount of funding received running at $12 million across all of the companies in our list. Our analysis indicates that Chinese firms are in receipt of the largest amount of total funding since 2010, with over $6.3 billion, compared to $3.9 billion for US firms.

Within its 265 pages and 42 charts and tables, the report filters out all the key facts and draws conclusions, so you can understand exactly how AI technology will be applied to commercial buildings and why. For more information, visit; https://memoori.com/portfolio/ai-machine-learning-in-smart-commercial-buildings/

Most Popular Articles

Axis Communications Financials 2023
Security

Axis Communications Video Surveillance Business & 2023 Financials Examined

In this Research Note, we examine the Axis Communications video surveillance business. This analysis is based on Canon’s 2023 Results Presentation 30 January 2024, Axis Communications 2023 Sustainability Report, 22 May 2024, and Memoori analysis. Founded in 1984 with headquarters in Lund, Sweden, Axis Communications offers products and services for video surveillance and analytics, access […]

Complimentary Article You Can't Design a Truly Smart Building Without Human Resources!
Smart Buildings

#Podcast 31: You Can’t Design a Truly Smart Building Without Human Resources!

In our Podcast series “Sh*t You Wish Your Building Did!”, Memoori explores the intersection between technology and commercial buildings through interesting conversations. For Episode 31, we were joined by Tomás Mac Eoin from Master Systems Integrator (MSI) Hereworks to Discuss their Swift HR Concept. The Swift HR concept envisions a cross-functional team, led by Human […]

Smart Building Startups Landscape 2024
Smart Buildings

Who Are the Smart Building Startups Gaining Traction in 2024?

While funding levels are a good measure of a startup’s potential, growth may be the best measure of a startup’s success. That is the focus of our latest research study, which identifies and explores the 100 smart building startups we believe have gained the most growth traction in the past year. The global smart buildings […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.

Please enter a valid email

Please enter your name

Please enter company name

By signing up you agree to our privacy policy