Frost Radar™: Smart Building Solutions in Healthcare, 2026

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

INDUSTRY
Environment

RELEASE DATE
09-Oct-2026
REGION
Global
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
PLD7-01-00-00-00
SKU
EN_2026_34961
Yes
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Frost Radar™: Smart Building Solutions in Healthcare, 2026
Published on: 09-Oct-2026 | SKU: EN_2026_34961

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Healthcare facilities are some of the most complex and mission-critical environments in the smart buildings market, and investment priorities now extend beyond energy management to indoor environmental quality, critical infrastructure monitoring, asset visibility, and workflow optimization. Revenue growth is driven by rising energy costs and decarbonization commitments, aging hospital infrastructure, infection prevention and indoor environmental quality mandates, regulatory compliance and accreditation requirements, and the convergence of building systems with operational and clinical technologies. Providers compete on their ability to integrate across building management, computerized maintenance management, security, asset tracking, and clinical support systems, delivering enterprise-wide visibility and predictive, data-driven facility operations rather than isolated point solutions. As hospitals connect more building systems, medical devices, and operational technologies, cybersecurity and secure IT/OT integration have become fundamental procurement criteria, alongside demonstrated cyber resilience and compliance with healthcare security standards. Aging estates and legacy control systems create a parallel modernization opportunity as providers upgrade to improve resilience, reduce maintenance costs, and enable predictive operations. Frost & Sullivan evaluated a broad landscape of smart building solutions providers on their growth, innovation, and healthcare market presence; following a rigorous benchmarking process, seven companies were selected for inclusion in this Frost Radar™ analysis. These organizations distinguished themselves through their ability to address the unique operational, regulatory, sustainability, and patient safety requirements of healthcare environments, with established solutions combining IT and OT architecture for smart hospitals.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Author: Melvin Leong

ABB

Delta Controls

Hitachi

Honeywell Technologies

Johnson Controls

Schneider Electric

Siemens

Significance of Being on the Frost Radar™

CEO's Growth Team

Investors

Customers

Board of Directors

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Healthcare facilities are some of the most complex and mission-critical environments in the smart buildings market, and investment priorities now extend beyond energy management to indoor environmental quality, critical infrastructure monitoring, asset visibility, and workflow optimization. Revenue growth is driven by rising energy costs and decarbonization commitments, aging hospital infrastructure, infection prevention and indoor environmental quality mandates, regulatory compliance and accreditation requirements, and the convergence of building systems with operational and clinical technologies. Providers compete on their ability to integrate across building management, computerized maintenance management, security, asset tracking, and clinical support systems, delivering enterprise-wide visibility and predictive, data-driven facility operations rather than isolated point solutions. As hospitals connect more building systems, medical devices, and operational technologies, cybersecurity and secure IT/OT integration have become fundamental procurement criteria, alongside demonstrated cyber resilience and compliance with healthcare security standards. Aging estates and legacy control systems create a parallel modernization opportunity as providers upgrade to improve resilience, reduce maintenance costs, and enable predictive operations. Frost & Sullivan evaluated a broad landscape of smart building solutions providers on their growth, innovation, and healthcare market presence; following a rigorous benchmarking process, seven companies were selected for inclusion in this Frost Radar™ analysis. These organizations distinguished themselves through their ability to address the unique operational, regulatory, sustainability, and patient safety requirements of healthcare environments, with established solutions combining IT and OT architecture for smart hospitals.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Author: Melvin Leong
More Information
Deliverable Type Frost Radar
No Index No
Is Prebook No
Podcast No
Predecessor None
WIP Number PLD7-01-00-00-00

Frost Radar™: Smart Building Solutions in Healthcare, 2026

$4,950.00
Out of stock
SKU
EN_2026_34961