Navigant Research Report Shows Annual Revenue for Intelligent Building Solutions for Retail Markets is Expected to Exceed $21 Billion in 2027

Intelligent building solutions vendors can support retailers as
they grow into more encompassing selling and engagement strategies

BOULDER, Colo.–(BUSINESS WIRE)–#Analytics–A new report from Navigant
Research analyzes the market for intelligent building solutions for
retail buildings, including hardware, software, and services, and
provides global market forecasts through 2027.

The retail industry faces a challenging environment as competition and
pressure from online sales intensify. For brick and mortar retailers,
intelligent building solutions can help alleviate some of this pressure
by allowing for more efficient management of operations and holistic
engagement with their customers through unique online and offline
strategies. Click
to tweet: According to a new report from @NavigantRSRCH,
intelligent building solutions for retail markets are expected to
realize revenue of $10.2 billion in 2018 and grow at a global compound
annual growth rate (CAGR) of 8.4% to reach $21.1 billion in 2027.

“A retailer can start realizing efficiencies directly with the
installation of LED lighting technologies and progress along the
innovation curve as they learn and grow into more complex use cases,”
says Tom Machinchick, principal research analyst at Navigant Research.
“Through the addition of more advanced sensors, relatively
simple-to-install wireless technology, and cloud-based analytics, retail
businesses can continue realizing those efficiencies while also
enhancing the customer experience.”

According to the report, one of the advantages of intelligent building
solutions for retailers is that they are flexible. Intelligent building
solutions vendors can help retailers understand how to apply these
technologies and provide ongoing support and services as retailers grow
into more encompassing selling and engagement strategies.

The report, Intelligent
Building Solutions for Retail, analyzes the global market for
intelligent building solutions, including hardware, software, and
services, for retail buildings. The study explores the key market
drivers and hurdles presented by intelligent building solutions in a
retail setting. Global market forecasts, broken out by segment,
hardware, software, and service type, retailer type, and region, extend
through 2027. The report also examines the value propositions, retail
stakeholders, and regional trends related to intelligent building
solutions for retail. An Executive Summary of the report is available
for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Intelligent Building Solutions for Retail, is a summary
and reflects Navigant Research’s current expectations based on market
data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul
+1-781-270-8456
lindsay.funicello.paul@navigant.com