Frost.com - Building Management Technologies Research http://www.frost.com/c/10219/home.do http://www.frost.com/c/10219/home.do - Building Management Technologies Research Frost & Sullivan US Digital Consumer and Home Automation Market Transformation, Forecast to 2023 http://www.frost.com/prod/servlet/sublib/display-report.do?id=K1B4-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=K1B4-01-00-00-00 The digital consumer concept continues to evolve as new products, services, and solutions make their way to the home. At present, the notion of a digital consumer largely revolves around individuals that leverage the Internet for productivity, entertainment, and communication. Going forward, however, consumers are expected to leverage the power of the Internet of Things (IoT) to interact with a much larger ecosystem that includes external entities such as smart parking facilities, smart health, and smart cities. A plethora of new business models continues to emerge in the digital consumer segment, though many are yet to attain a critical mass of customers and sustained underlying profitability. In addition, the intensifying competitive environment is forcing solution providers to deliver differentiated value propositions at compelling price points to both current and prospective customers. Greater product and market diversification by existing providers as well as new market entrants which are threatening to redefine various consumer segments are also creating a rather fragmented competitive environment across various consumer segments. In addition, growth in the adoption and usage of digital devices and applications, including smartphones, content streaming, and social media, further adds to time poverty and declining attention span in consumers. This in turn creates significant customer engagement and communication challenges for marketers. Lastly, the onslaught of innovative technologies such as smart thermostats and smart door locks being adopted by the modern consumer, either on a piecemeal basis or as a solution, is creating compatibility, standards, and integration issues for vendors, prompting them to make additional investments in research and development (R&D) functions to ensure a seamless user experience (UX). While increasing digital transformation among consumers has created challenges for providers, new growth opportunities are emerging on the horizon. For instance, rising time poverty creates demand for innovative products such as digital assistants (e.g., Amazon Echo, Google Home, Apple HomePod) that perform various functions through voice commands, helping to simplify consumer lifestyle. Similarly, increasing awareness and understanding of the environmental impact of human consumption is helping to fuel demand for products and services, such as smart home irrigation systems, that enable greater conservation of natural resources while also adding convenience to the household and reducing costs. Within the home entertainment segment, over-the-top (OTT) video providers are increasingly differentiating their services by developing original/unique content rather than merely expanding their library of third-party syndicated content. In addition, OTT providers are developing artificial intelligence (AI)-based user interface tools to further enhance their value proposition. To counter the growing threat of OTT services to their core video business, traditional cable and satellite TV providers have launched their own content offerings, which include live TV streaming. Similarly, consumer product manufacturers, be they home appliance vendors or fitness device makers, are seeking ways to harness the power of Internet of Things (IoT) to deliver exceptional value while also expanding company revenue base and profitability. This study offers a conceptual framework of the overall digital consumer market and highlights areas of opportunity for a variety of market participants. While the digital consumer market is rather expansive and one that continues to evolve, this study closely examines the digital home automation market and the solutions involved. Home automation involves connecting various devices together so that they can be monitored and controlled through a centralized application. This study focuses on home automation pertaining to core home infrastructure. Tue, 8 Aug 2017 13:29:36 +0100 Southeast Asian Building Management System (BMS) Market, Forecast to 2022 http://www.frost.com/prod/servlet/sublib/display-report.do?id=P988-01-00-00-00 http://www.frost.com/prod/servlet/sublib/display-report.do?id=P988-01-00-00-00 The Southeast Asian Building Management Systems (BMS) market is currently in the nascent stage and is expected to grow strongly at a CAGR of 10.2% between 2016 and 2022. Increased energy efficiency and operational cost savings achieved through adoption of BMS is increasing the demand, while regulation and policies further support the growth of this market. Buildings are structures with several interdependent systems. These systems, for example lighting, Heating, Ventilation and Air Conditioning (HVAC), and security systems, need to communicate and coordinate with each other for efficient operation. In most traditional buildings, these systems exist in silos, leading to lot of energy wastage. BMS help bring all these different systems together on a common platform, leading to optimized building operation. These systems have the potential to reduce energy by 40% and operation costs by up to 30%. Market trends are analyzed for the study period of 2013 to 2022, with the base year being 2016. This study segments BMS into Building Automation Systems (BAS), Energy Management Systems (EMS), and Emergency Security and Automation Systems (ESAS). The split in revenue by segment hardware, software, and engineering, installation, and commissioning is also discussed. The total market revenue is also segmented by the use of BMS in commercial and industrial buildings. Companies mentioned in the BMS market competitive landscape include Siemens, Honeywell, Schneider Electric, and Johnson Controls among others. In addition to industry challenges and drivers and restraints in the market, this study also highlights key market enablers in specific countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Market revenues are also analyzed individually in the above-mentioned Southeast Asian countries. In addition to the market growth and trend analysis, the study enlists growth opportunities in this market and how companies in the market can capitalize on these emerging opportunities. Key Questions This Study Will Answer What is the current market scenario for BMS in Southeast Asia? Is the market growing, how long will it continue to grow, and at what rate? Who is leading the market and who are the competitors? Who are the different value chain participants, what are their roles? What are the different sales distribution channels that are present in the BMS market? Which countries in Southeast Asia have the potential to grow during the next five years and what are the regional trends? What are the opportunities for growth in this region? What are the impacts of technological development on market growth? Fri, 7 Jul 2017 00:00:00 +0100