Multifamily IoT: Competitive Landscape and Market Growth

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.

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Bottom Line. 2

The Connected Multifamily Property. 4

Drivers of IoT Adoption in Multifamily. 4

Role of Smart Tech and Connectivity in Driving Value. 6

Technology Landscape and Key Players. 8

Networking and Wi-Fi: Enabling Smart Buildings. 10

Platform Players and Point Solutions. 14

Business Models. 17

Multifamily Market Trends Impacting Smart Building Adoption. 19

Overarching Multifamily Market Trends. 19

New Construction vs. Retrofitting. 19

Centralization. 21

Market Sizing and Forecast 22

Market Segments & Growth Assumptions. 22

Considerations for Key Stakeholders. 25

Attribution 27

Published by Parks Associates

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.

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