Buildings enter the Digital age

With 105 million euros raised, 70% of it over the last three years, French Smart Building startups are covering all key areas of the building industry and play a leading role in the digital transformation of buildings, promising to bring numerous services and benefits to users, facilities managers and the entire sector. Wavestone mapped out these start- ups  in order to understand all challenges faced by their ecosystem.

For the companies in this sector this is reflected in four main challenges:

  • The improvement of energy performance, driven by increasingly restrictive regulations in this respect and the consequent increase in the number of certifications and labels (BREEAM, HQE, ISO55000, LEED, E+C-, etc)
  • The need to understand the actual use of different spaces (offices, collaborative and common areas, parking). A detailed knowledge of the use of these spaces allows us to imagine new ways of optimising or exploiting underutilised areas
  • The desire to reduce maintenance and operating costs, evaluated in France by ARSEG2 at around 35€/m² each year for a standard level of service
  • The improvement of the quality of life at work, an essential
    lever for attracting new generations of employees and improving their productivity

Key figures

  • 126 startups selected
  • 90 millions euros in estimated sales in 2018
  • Fundraising by Smart Building startups since 2009: 105 million euros (70% in the last 3 years)
  • More than 1600 jobs created

What to expect ?

  • A necessary confluence with the energy efficiency market
  • Interoperability and data management will be essential
  • The emergence of Digital Twin for the building industry
  • Growing concerns for quality of life at work