Global Building Technology and Service Business Model Innovation: Growth Opportunities in Green Upskilling, Sustainability-driven Coopetition, Value Chain Compression and Digital Service Aggregation

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Jan 25, 2024, 05:00 ET

DUBLIN, Jan. 25, 2024 /PRNewswire/ -- The "Global Building Technology and Service Business Model Innovation and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

In this study, the analyst segments building technologies and services into building automation systems (BASs) and facility management (FM). The analyst discusses examples of business models and how they support the building industry, specifically the BAS and FM markets.

The study provides forecast and analysis of BAS and FM markets and the entailing business model innovation revolutionizing BAS and FM. The global building technologies and services market generated a revenue of $901.69 billion in 2022. The market grew by 6.8% in 2022 and will register a compound annual growth rate (CAGR) of 6.5% from 2022 to 2028. By the end of the forecast period, the market will reach $1.31 trillion. There is a shift from conventional business models to service-based models, especially for large-scale building equipment and controls businesses. However, resistance to change from conventional business operations to new business models among small and medium-sized enterprises (SMEs) is still prevalent. This study touches on building as a service (BaaS) as a business model innovation. BaaS is established on the foundation of a building's energy efficiency and has since evolved into platforms for providers and consumers of information.

The BaaS value proposition enables flexibility in terms of building operations, control, and maintenance. Instead of signing up and paying outright for installed software and contracted services, customers subscribe to the performance guarantee or business performance outcome from BAS and FM companies. The analyst has identified several innovative business models that support BaaS development: personalization, outcome-based models, co-creation, asset as a service, energy as a service, sustainability as a service, and buildings as material banks.

The study also highlights some best practices of major market participants in business model innovation, including ABB, Siemens, and JLL. Building technology and service market participants should observe and undertake several growth opportunities, including green upskilling, sustainability-driven coopetition, value chain compression, and digital service aggregation.

Key Topics Covered:

Growth Opportunity Analysis

Scope of Analysis
Segmentation
Key Competitors - BAS
Key Competitors - FM

Growth Opportunity Analysis - Building Technologies and Services

Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Technology and Service Segments
Revenue Forecast by Region
Revenue Forecast Analysis
Competitive Landscape - Building Life Cycle Management Participants
Competitive Landscape - Industry Convergence

Growth Opportunity Analysis - BAS

Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis

Growth Opportunity Analysis - FM

Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis

Business Model Innovation in Building Technologies and Services

Business Model Overview
BaaS as Business Model Innovation
Digital Solution Architecture of the Building Industry
Digital Technologies Supporting BaaS
BaaS Framework Model
Innovative Business Models Supporting BaaS
Personalization
Outcome-based Models
Co-creation
AaaS
EaaS
Sustainability as a Service
BAMB

Business Model Innovation in Building Technologies and Services - Companies to Watch

Business Model Innovators in Building Technologies and Services
ABB
Brainbox AI
CBRE Global Workplace Solutions (GWS)
Delta Controls
EcoEnergy Insights
Johnson Controls
Jones Lang LaSalle (JLL)
L&T Technology Services (LTTS)
Planon
Schneider Electric (SE)
Siemens
Spacewell

Growth Opportunity Universe

Growth Opportunity 1: Green Upskilling
Growth Opportunity 2: Sustainability-driven Coopetition
Growth Opportunity 3: Value Chain Compression
Growth Opportunity 4: Digital Service Aggregation

A selection of companies mentioned in this report includes

ABB
Brainbox AI
CBRE Global Workplace Solutions (GWS)
Delta Controls
EcoEnergy Insights
Johnson Controls
Jones Lang LaSalle (JLL)
L&T Technology Services (LTTS)
Planon
Schneider Electric (SE)
Siemens
Spacewell

For more information about this report visit https://www.researchandmarkets.com/r/834qrw

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