Green Quadrant IoT Platforms For Smart Buildings 2019

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Executive Summary

The IoT is set to bring a new dimension to how facilities are managed, controlled and optimised. This report provides a detailed fact-based comparison of the 13 most prominent IoT platforms for smart buildings available on the market today. Based on the proprietary Verdantix Green Quadrant methodology, the analysis is based on two-hour live product demonstrations and vendor responses to a 108-point questionnaire. To understand customer needs, Verdantix conducted in-depth interviews with 10 software buyers at organizations that occupy mid-to-large real estate portfolios and analysed the data from a survey of 304 real estate and facilities management decision-makers. This market is clearly at an early stage, with high levels of customer interest, but there are an equal number of questions on how to drive value from these solutions in practice.  Our analysis concludes that seven vendors have taken an early lead in this market as they demonstrated an excellent breadth of functionality and good market momentum. The analysis also reveals that six other vendors offer strong propositions in asset and facilities management, energy management and space and workplace management.

Table of contents

The State Of The Market For IoT Platforms For Smart Buildings
The IoT For Buildings and Facilities Remains A Very Nascent Space  
Platform Expansion And Non-Traditional Competitors Will Shape The Future Of IoT In Buildings

Firms Are Just At The Start Of The Journey With IoT Platforms
Occupant Wellbeing, Cost Reduction And Space Utilization Will Drive Real Estate Strategies For The Next Year
IoT Platform Adoption In Real Estate And Complex Facilities Has Been Limited So Far
Data Management, Cost and Complexity Are Firms’ Biggest Challenges 
IoT Footprints In Buildings Will Expand In The Next 24 Months
Boosting ROI While Protecting Privacy Will Shape The Business Case For Building IoT

Green Quadrant IoT Platforms For Smart Buildings 2019
Green Quadrant Methodology
Inclusion Criteria For The IoT Platform For Smart Buildings Benchmark
Evaluation Criteria For IoT Platforms For Smart Building Providers
Accruent Brings Asset Management Heritage And Expertise To IoT 
EcoEnergy Insights Looks To Expand To Broader Market With Carrier
Envizi Expands From Energy Management To IoT Platform For Resource Optimization
Eutech’s iviva Puts Data Integration At The Centre Of IoT For Smart Buildings 
Facilities Management IoT Startup Facilio Builds Momentum And Looks To Expand 
GE Current’s IoT Approach Extends Smart Lighting To Energy Management
Johnson Controls Translates Buildings Expertise Into Recent But Compelling Entry To Building IoT Market
KGS Buildings Leverages The IoT For Asset FDD With Clockworks Product
Schneider Electric Expands Beyond Energy Management Into Building IoT Platform Play 
Siemens Brings Together Homegrown And Acquired Products For Ambitious Smart Buildings Vision
Spacewell Focuses IoT Efforts On Space And Comfort Management
Switch Automation Digitizes Facilities Management Through The IoT
ThoughtWire Reaps Benefits Of Focus On Healthcare 

Table of figures

Figure 1. Market Trends Shaping Real Estate Strategies Over The Next Three Years
Figure 2. Deployment Of IoT In Facilities Management Across Nine Usage Scenarios
Figure 3. Software Investment Plans By Type Of Software 
Figure 4. Top Reasons For Implementing IoT Solutions 
Figure 5. Suppliers And Software Assessed
Figure 6-1. Capabilities Criteria For IoT Platforms For Smart Buildings
Figure 6-2. Capabilities Criteria For IoT Platforms For Smart Buildings
Figure 7. Momentum Criteria For IoT Platforms For Smart Buildings
Figure 8-1. Vendor Capabilities Scores
Figure 8-2. Vendor Capabilities Scores
Figure 9. Vendor Momentum Scores
Figure 10. Green Quadrant IoT Platforms For Smart Buildings 2019

Organisations mentioned

Accruent, Acuity Brands, AEG, Aldar Properties, Altair SmartWorks, Amazon, American Industrial Partners, AMGEN, AMP Capital, Arcapita, Ascendas, Autodesk, Automated Logic, Axonize, Bank of America, BCA Academy, Bee’ah, Bentley Systems, CaroMont Regional Medical Center, Carrier, Chubb, Colliers International, Comfy, Commonwealth Bank, Corrigo, CrowdComfort, Cummins, Cushman & Wakefield, Daintree Networks, Delta Controls, Dubai Airport Freezone Authority, Dubai Electricity & Water Authority, Dubai Festival City, Dubai Silicon Oasis, EasyIO, EcoAct, EcoEnergy Insights, ENGIE, Enlighted, Envizi, Eutech Group, Facilio, FacilityConneX, Farrer Park Hospital, Fortive, Fract, FreshDirect, Gallagher Security, GE, GE Current, General Motors, Georgia Institute of Technology, GPT Group, Hamilton Health Sciences, Hartsfield International Airport, Harvard University, HCA Healthcare, Hewlett Packard Enterprise, Hilton, Honeywell, IBM, Iconics, IFC, Infosys, International Towers Sydney, Investec, iOFFICE, iviva by Eutech, Jelmoli, Johnson Controls, Kaiser Permanente, KGS Buildings, Kidde, Lawrence Berkeley National Laboratory, Manulife, Mappedin, Marriott International, Massachusetts Institute of Technology, Mercedes-Benz Stadium, Microsoft, Mirvac, Moorfields Eye Hospital, Msheireb Properties, National Australia Bank, National Grid New York, Nemetschek Group, Nemours Children’s Hospital, NORESCO, Oxford Properties, Planon, PTC, Royal Bank of Scotland, Sainsbury’s, Salesforce, Schneider Electric, Sello, Serraview, Siemens, Signify, Spacewell, Switch Automation, Teem, Telit Communications, Tesco, Thames Water, The Scarborough Hospital, ThoughtWire, Trader Joe’s, Tyco, Uber, United Supermarkets, United Technologies, University of Arizona, University of Iowa, University of Minnesota, US Department of Energy, Vixxo, WaterGroup, Wattwatchers, Westpac, Wipro

About the authors

Dennis Callaghan

Principal Analyst

Dennis is a Principal Analyst at Verdantix, contributing to both the Operational Excellence and Smart Buildings practices. His current research agenda focuses on covering asset performance management technologies across both industrial and smart buildings use cases, including Internet of Things monitoring and data analysis. Dennis has over 10 years’ experience in industry research and strategy. He previously worked at 451 Research, where he led that firm’s coverage of application performance management and IT service and asset management technologies. He has written about technology as a journalist, industry analyst or marketer for more than 20 years. Dennis holds a BA in journalism from Duquesne University.

Rodolphe d’Arjuzon

Managing Director

Rodolphe leads the Verdantix Smart Buildings practice. His current agenda is focused on the convergence of real estate and building software solutions and how to harness the IoT in smart buildings. Rodolphe has over twenty years of experience in technology research and strategy consulting. He co-founded Verdantix in 2008 and previously worked for Barclays Bank and L.E.K. Consulting. Rodolphe holds a PhD in Physics from Cambridge University.

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