{"id":12159,"date":"2022-09-27T07:12:00","date_gmt":"2022-09-27T07:12:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3884660_AE84660_0"},"modified":"2022-09-27T07:12:00","modified_gmt":"2022-09-27T07:12:00","slug":"top-50-start-ups-bringing-innovation-to-the-global-homes-and-buildings-industry","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=12159","title":{"rendered":"Top 50 Start-ups Bringing Innovation to the Global Homes and Buildings Industry"},"content":{"rendered":"

The homes and buildings industry is moving toward decarbonization and digitalization solutions, expecting $50.99 billion<\/span> in revenue by 2028, says Frost & Sullivan<\/b><\/p>\n

SAN ANTONIO<\/span>, Sept. 27, 2022<\/span> \/PRNewswire\/ — Enterprise-level sustainability and decarbonization goals enable building owners to adopt digital solutions. Frost & Sullivan’s recent analysis, Top 50 Start-ups Advancing Decarbonization and Digitalization in the Global Homes & Buildings Industry<\/b>, finds that the need to address carbon emissions and energy savings encourages startups to invest in technologies and adopt new business models to strengthen their digital building portfolios. The homes and buildings industry’s digital solution is expected to garner $50.99 billion<\/span> in revenue by 2028 from $10.64 billion<\/span> in 2021, registering exponential expansion at a compound annual growth rate (CAGR) of 25.1%.<\/p>\n

\"Smart<\/a>
Smart Buildings and Homes<\/span> <\/div>\n

For further information on this analysis, please click here.<\/a><\/b><\/p>\n

“Digital building solutions with Internet of Things (IoT), artificial intelligence (AI), and hybrid working models for the changing workplace are gaining momentum,” said Anirudh Bhaskaran<\/span>, Energy & Environment Industry Principal at Frost & Sullivan<\/b>. “The trend has unlocked innovative business models, such as Digital Transformation Solution-as-a-Service and Air Quality-as-a-Service, and helped start-ups expedite growth.”<\/p>\n

Bhaskaran added: “Emerging and fast-growing companies are challenging established organizations with cutting-edge AI and IoT capabilities. These companies compete in machine health analysis, cloud-based remote services, digital twins, and heating, ventilation, and air conditioning (HVAC) optimization.”<\/p>\n

The increasing demand for digital solutions in the homes and buildings sector presents lucrative growth opportunities for market participants. To tap into the benefits of innovation in the homes and buildings industry:<\/p>\n