Today’s building energy management systems also help optimize operational efficiency, space utilization, productivity, occupant engagement, and sustainability
A new Leaderboard report from Navigant Research 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 (BEMSs).
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. 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. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, 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,” says 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.”
BEMSs 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.
The report, Navigant Research Leaderboard Report: Building Energy Management Systems, examines the strategy and execution of 15 intelligent building solutions providers that are active in the global BEMS market. The vendors are rated on 12 criteria: vision; go-to-market strategy; partners; production strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global BEMS market. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Navigant Research Leaderboard Report: Building Energy Management Systems, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.