Building Technologies and Services Growth Opportunities in the Industrial Vertical

Technology Differentiation for Positive Business Outcome, Sustainability, and ESG is Crucial in Industrial Vertical Market Expansion

In this study, the publisher aims to identify and present important trends in the industrial vertical (an end-user vertical for participants in the building industry) and their impact on segments in the building industry. The industrial vertical refers to manufacturing facilities that include the manufacturing, production, or assembly of medical devices and pharmaceuticals, materials, consumer products, machinery, and automotive equipment.

The publisher has identified five major challenges that manufacturing businesses face. Some examples include organizational readiness, technical know-how, and data silos. In addition, the study highlights five major goals or aspirations of factory owners. The top goals are production speed, quality and flexibility, business process planning, and profitability and cost reduction. The top technologies identified include digital twin, artificial intelligence and machine learning, and predictive analytics. Moreover, this analysis presents three top growth opportunities that are beneficial for the advancement of industry participants in both the building industry and the industrial vertical.