target audience: TECH BUYER Publication date: Dec 2023 - Document type: IDC Innovators - Doc Document number: # US50840324
IDC Innovators: Proptech, 2023
This IDC Innovator identifies three proptech companies that are providing transformative solutions across the built environment sector. The sector is often seen as a laggard in productivity and technology adoption. However, there have been strong headwinds forcing change, ranging from supply chain challenges to the energy crisis. Proptech companies are injecting much-needed innovation and driving significant changes across building life cycles, from design through to construction, operation, maintenance, and demolition.
"The top 3 priorities for built environment executives are improving operational efficiency and cost reduction, enhancing environmental sustainability, and improving resilience to climatic hazards and natural disasters. Organizations are increasingly applying technology, including proptech, to help support these business objectives," said Louisa Barker, senior research manager, IDC Government Insights.