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Digital Transformation of the Australian Built Environment, Forecast to 2024

Digital Transformation of the Australian Built Environment, Forecast to 2024

While the Australian market for digital built environment solutions is growing rapidly, it is still under-penetrated, particularly in the residential sector. Solutions that improve the energy efficiency of built environments have found the highest acceptance among asset owners due to their ability to demonstrate a clear return on investment (RoI). Asset monitoring solutions that can extend the life of assets and reduce maintenance costs by employing predictive analytics are expected to grow rapidly. While the market is still dominated by on-premise, stand-alone systems, built environment solutions are increasingly moving to the cloud and solution providers? are adopting a platform approach. Enabling users to make the most of their respective built environment solutions, either through improved user interface or training, is a critical success factor for competitors. Overall, the ease of use, customised data offerings, clearly defined 'citizen' / user involvement, vendor neutral offerings, and competitive pricing are considered the factors critical for success in this market.

This study analyses the drivers and restraints of digital transformation in the built environment, the size and growth of the building management systems market, as well as the segmentation of this market by building automation systems, energy & environmental performance, and emergency and security automation systems. It also covers the commercial, institutional, and residential segments.

Apart from outlining the competitive structure and competitive tools, this study presents disruptive technologies and emerging use cases that are gaining traction in the Australian market. Australia’s rate of urbanisation is expected to further rise, fuelling the need for digital solutions in urban built environments. Particularly, the rise in the value of non-residential buildings creates a fertile market for digital enhancements that enable further energy savings and ease of maintenance. High property prices due to the recent property boom and rising energy costs are justifying the increased investment in built environment technologies. In addition, energy efficiency is becoming a priority across sectors. In terms of end-use, the number of flexible workspaces has been growing exponentially in Australia and there is a similar growth trend in remote working practices. On a broader level, there are higher expectations among building occupants in terms of the convenience, green credentials, and the 'smarts' of work environments. Federal, state, and local government initiatives and star ratings for buildings are expected to support further growth. However, ambiguous RoI and funding challenges, concerns over security, as well as issues regarding the interoperability of complementary systems continue to restrain the market.

  • Executive Summary
  • Scope and Definitions
    • Research Scope and Definitions
    • Market Definitions
  • Introduction to the Smart Built Environment
    • When the Smartest in the the Room Itself
    • Smart Digital Urban Infrastructure Solutions-Outcomes
    • What is the Aim of Making a Built Environment Smart?
    • What is a Smart Built Environment?
    • Evolution to Smart Built Environment
    • Technology Convergence Enabling the Digital Transformation of Urban Built Environments
    • Roadmap for Smart Buildings
  • Mega Trends and Industry Convergence Implications
    • Mega Trend Impact on the Built Environment
  • Australian Built Environment Trends
    • Highly Urbanised Population
    • Internet Penetration
    • Regained Momentum in Non-Residential Construction
    • Property Trends
    • Energy Efficiency
    • Increased Crime Rates and Terrorist Threats
    • Digital Solution Adoption in Australian Urban Built Environment
    • Large Urban-centred Services Sector
    • The Change in the Australian Workforce and Workspace
  • Technologies
    • Technology Ecosystem of Smart Urban Built Environments
    • The Internet of Things-Smart Sensors
    • IoT Networks-Communication Protocol
    • Bandwidth vs Range of Communication Protocol
    • IoT and a New Era of Challenges
    • Security-Preventing Data Breach
    • Analytics
    • Dimensions of Big Data and its Value Addition for Building Management
    • Technology Trends-Big Data Analytics (BDA)
    • Cloud Technology Components and Benefits
    • Cloud Computing Trends
  • Drivers and Restraints
    • Impact of Key Market Drivers
    • Market Drivers-Rising Energy Cost
    • Market Drivers-Prioritising Environmental Impact Minimisation
    • Market Drivers-Maturing Technologies
    • Market Drivers-Increased User Expectations
    • Market Drivers-Government Initiatives
    • Impact of Key Market Restraints
    • Market Restraints-Measuring Return on Investment and User Ability to Maximise Benefits
    • Market Restraints-Security Concerns and Interoperability Issues
  • Market Size, Growth, and Segmentation
    • Market Size and Growth
      • Table Building Management Systems Market: Revenue Forecast, Australia, 2016-2024
    • Forecast Discussion
    • Expenditure on Digital Solutions in Buildings
    • Smart Buildings-Why and How it Works
    • Building Management System Market by Commercial, Institutional and Residential
    • End Market Analysis-Commercial Buildings
    • End Market Analysis-Institutional Buildings
    • End Market Analysis-Residential Buildings
  • Competitive Analysis
    • Industry Competitive Structure
    • Competitive Structure
    • Buildings Alive
    • Hux Connect
    • BuildingIQ
    • Quantify Technology (QT)
    • Data 61 CSIRO
  • Case Studies and Implementations
    • Newcastle Smart City Strategy
    • Stucco Cooperative Living
    • Barangaroo Towers
    • Virtual Building Management Dashboards-Barangaroo Towers
    • Sydney Smart City Strategy
    • South Australian Health and Medical Research Institute
    • The Shift towards X-as-a-Service Business Model: Vivid Technology
    • Smart Lighting from Honeywell and Vivid Technology
  • Growth Opportunities
    • Growth Opportunities-`Retrofittable', Scalable, Open Solutions
    • Growth Opportunities-Asset Monitoring and Energy Efficiency
    • Growth Opportunities-Training and AI
    • Futuristic Business Models in Buildings Industry
    • Strategic Imperatives for Success and Growth
  • Conclusions

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