The Smart Building Market
The Smart Building market comprises of the organizations’ investments in intelligent solutions with IoT technology as the backbone. Measured by money spent on IT and installation services, the largest application areas include smart grid, freight management, omni-channel operations and smart building/smart home solutions.
The markets are driven by a desire to reduce the environmental footprint while increasing efficiency, reducing costs and improving customer experiences. The Danish market is expected to exhibit particularly high demand for Smart Building solutions in the years to come.
Service capabilities are an increasingly decisive factor when customers choose an IoT provider as integration with existing systems is paramount. In addition to integration, service providers need to have capabilities in data management and analytics. These essential elements of IoT solutions are difficult for organizations to master, relying solely on in-house IT resources, given the need for highly specialized personnel and technical knowledge. Trifork has developed innovative solutions to address these essential needs and has among other solutions, built private cloud solutions to handle secure connections to several thousand IoT devices.
Our Smart Building Business
We aim to fulfil the need for technological solutions supporting smart buildings and smart factories, thereby actively contributing towards CO2 neutral ambitions and a growing demand for frictionless user interaction and digital connection with the physical world. Open networks, connectivity, relationships with inventors of building components, resource providers (such as power and water utilities) and an intuitive user experience are key elements of the demand for smarter solutions.
Within the Smart Building business area, we assist our customers in creating intuitive and engaging user experiences and securely bridging IoT ecosystems to our customers’ existing digital offerings.
Our customers in the Smart Building business area benefit from Trifork’s data-driven innovation, for example, where we have implemented securely-bridged digital twins in the cloud in combination with edge computing and artificial intelligence. Trifork believes that open application programming interfaces (APIs), facilitating communications across systems, are advantageous.
We often take responsibility for all hardware and software components included in our Smart Building product offerings.
Through our IoT vendor relationships, we run more than 200,000 active smart devices worldwide and support the operations of these devices via public cloud or on-premises networks.
- Increasing focus on Smart Factory concepts to increase revenue from existing customers
- Deeper penetration of existing markets by marketing existing product offerings
- Creating a new Smart Building business unit in Spain
- Growing outside the existing geographies with a focus on Germany