Innovations Boosting Growth in the Global Building Technologies and Services Industry
Visionary business models that enable new services and digitalization are success factors for the post-pandemic era
Research Overview
The COVID-19 pandemic has impacted every sector in some capacity and has forced market participants across industries to undergo rapid transformation. The building technologies and services industry is no exception and is at the cusp of a considerable shift. These changes are not restricted to technological or building design changes but involve how organizations will manage buildings in a post–COVID-19 world.
Frost & Sullivan recognizes a paradigm shift occurring across the entire global building technologies and services industry that is severely impacting product offerings, competitive landscapes, distribution channels, and business models. This analysis explores how the market is evolving toward a post–COVID-19 world and discusses what market participants can do to surge ahead in this rapidly changing, competitive arena. The post-pandemic era will present a new reality with several significant growth opportunities available for companies that are open to tapping into the transformation. Frost & Sullivan has identified growth opportunities that hold the key for unlocking market transformation in the short-to-medium term. Market participants that capitalize on these opportunities will gain an early-mover advantage and a strong competitive edge in this high-potential industry.
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