Recently, there has been an increased focus on decarbonizing buildings as companies worldwide deal with a climate emergency. 

In a Smart Cities Dive article, Navigant Research’s Casey Talon, research director, explained why more companies are focusing on the transformation to smart buildings.

“The economics of building ownership are changing in the era of digital transformation and climate change,” Talon said. 

She highlighted the three major trends, indicating greater investment across verticals and regions in 2020:

1. Intelligent building investment will be a priority for addressing the climate crisis
2. The master systems integrator business will bolster market leadership
3. The PropTech, or property technology, wave will show an infusion of funding 

“These three predictions are complementary; they characterize the pressures driving growth in demand and highlight opportunities for intelligent building solutions providers to deepen relationships with potential customers and bolster their financial well-being,” Talon said.