BOULDER, Colo. — A new report examines the strategy and execution of 15 intelligent building software solutions providers, providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global market for building energy management systems (BEMS).
While the BEMS market is gaining momentum worldwide, numerous software offerings that fall under the same BEMS umbrella, but that diverge in terms of functionality and supplier viability, can make purchasing decisions confusing for customers, noted Navigant Research. Because software is the vehicle that translates the increasing array of facility data into actionable information, leading players in this area must be able to differentiate themselves from the competition and continue to invest in comprehensive platforms. According to the new Leaderboard report from the research firm, Schneider Electric and Honeywell are the leading intelligent building software solutions providers in terms of strategy and execution.
“What makes the BEMS market interesting is the unique competition between nontraditional rivals, the emergence of innovative solutions to business challenges, and the opportunity to bring sustainability forward with sound economic investments,” said Casey Talon, principal research analyst with Navigant Research. “Schneider and Honeywell have the domain expertise to support equipment optimization for energy efficiency, the global reach to support market education and adoption, and flexible offerings positioned to support the wide ranging needs of today’s customers.”
BEMS first emerged over a decade ago as software solutions capable of minimizing utility costs and supporting strategic business decisions around energy consumption, according to the report. Today’s systems go a step further by helping customers recognize and act on opportunities for improved operational efficiency, space utilization, productivity, occupant engagement, and sustainability.
An executive summary of the report is available here.
Publication date: 9/21/2016