Multifamily owners and operators are increasingly looking to smart building technologies and centralized services to increase appeal to current and prospective residents, increase operating efficiencies, and drive incremental NOI. This report examines the competitive landscape of smart building technologies and IoT in multifamily properties and their role in centralization. It identifies key market players and explores their role in the market; including smart building platforms, leading point solutions players, property management systems, and internet and managed Wi-Fi providers. It examines underlying market trends including sentiments towards technology developments in new construction and retrofits, and includes topline market sizing estimates for smart building, bulk internet, and managed Wi-Fi.
Bottom Line
The Connected Multifamily Property
Drivers of IoT Adoption in Multifamily
Role of Smart Tech and Connectivity in Driving Value
Technology Landscape and Key Players
Networking and Wi-Fi: Enabling Smart Buildings
Platform Players and Point Solutions
Business Models
Multifamily Market Trends Impacting Smart Building Adoption
Overarching Multifamily Market Trends
New Construction vs. Retrofitting
Centralization
Market Sizing and Forecast
Market Segments & Growth Assumptions
Considerations for Key Stakeholders
Attribution
Published by Parks Associates
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Disclaimer
Parks Associates has made every reasonable effort to ensure that all information in this document is correct. We assume no responsibility for any inadvertent errors.
