This report, published in March 2024 by Facilio, is derived from insights gathered from a survey of 180 leaders in the smart buildings industry conducted last year. The comprehensive findings of the report reveal that while a majority of senior professionals express interest in investing in smart building technology, they encounter significant challenges such as the high cost of implementation, lack of interoperability, and difficulty in assessing return on investment (ROI), which hinder their progress. Many find themselves unable to decide among the numerous available point solutions, leading to either becoming overwhelmed by the choices or not initiating the process at all.

Keywords: Building Retrofits, Cloud & Data Analytics, Communications, Construction/New Buildings, Control & Monitoring Equipment/Sensors, Cybersecurity/Privacy, Energy Efficiency/Management, Healthy Buildings, HVAC & Indoor Air Quality (IAQ), Intelligent Building, Internet of Things (IoT), Lighting Systems/Controls