Digital transformation technology adoption has accelerated during the last few years and is poised to transform the building technology industry, making buildings more connected, sustainable, and cognitive. Intelligent building solutions using digital transformation technologies, including IoT, AI, and machine learning (ML), are advancing building operations and maintenance, moving from reactive to predictive maintenance. Industry participants, including leading, emerging, and start-up companies, innovate to achieve building decarbonization and digitalization and improve occupant well-being.
Frost & Sullivan published an extensive report on the Top 50 companies accelerating digitalization in the global homes and buildings industry using a similar research methodology in 2021. This research exclusively focuses on start-up companies in the homes and buildings industry contributing toward decarbonization, climate change, health and wellness, and digitalization of buildings. Frost & Sullivan estimates the global venture capital, private equity, and corporate investments into smart building technology start-ups to be $13 billion for 2021, double the $6 billion investment in 2020. Using scientific methods, industry expert dialogues, and decision support matrices, we have identified the top 50 digital start-up best practitioners across the homes and buildings industry.
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