Top 10 Strategic Imperatives in Homes and Buildings, 2024

Top 10 Strategic Imperatives in Homes and Buildings, 2024

The Key Transformations Impacting Future Growth Potential

The transformation of the homes and buildings industry encompasses a wide range of changes from net zero buildings to competitive intensity in smart home solutions. These strategic imperatives impact all industry participants, necessitating convergence with cross-industry players to advance homes and buildings. This calls for innovation in value propositions, business models, and creativity in navigating challenges.

As the global economy recovers in the post-lockdown era, the homes and buildings industry continues to grapple with rising material costs, talent shortages, and supply chain disruptions. Coupled with the evolving workforce landscape and rapid technology development, companies need to be agile and bold in prioritizing growth in solutions, customers, and geography.

This analysis highlights the top 10 transformations affecting the homes and buildings industry and presents viable growth opportunities for industry participants. Pressing needs are an emphasis on technology readiness and application, implementation of sustainability practices, and resourcefulness in countering external disruptions while addressing internal issues, such as business models and human resources.

Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Top Transformations Impacting Growth in Homes and Buildings
Top 10 Transformations Impacting Growth in Homes and Buildings, 2024
Transformation 1: The Rise of Net Zero Buildings
Transformation 2: Embracing Circular Economy in Construction
Transformation 3: Start-ups are Upending Building Automation
Transformation 4: Embracing AI for Predictive Maintenance
Transformation 5: Smart Cities are Demanding Collaboration
Transformation 6: Adapting to Energy-as-a-Service
Transformation 7: Navigating Supply Chain Disruptions
Transformation 8: Bridging the Smart and Green Building Skill Gap
Transformation 9: Streamlining Home Efficiency and Wellness
Transformation 10: Navigating Competition in Smart Homes
Frost & Sullivan Analytics Perspectives
Next Steps
Benefits and Impacts of Growth Opportunities
Next Steps
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