BLOG: Why momentum is still strong for LonMark Technology

LonMark International (LMI) has generated renewed momentum with a refreshed strategy, vision and value proposition. This support has been echoed by the completion of a robust six-month webinar series which included participation by the following LMI members: Dialog, BeeZeeLinx, Gesytec, Megachips, Occitaline, LVX Global, and ISDE. These webinars covered a range of industry leading topics impacting smart cities, smart buildings and IoT today.

Despite a world pandemic LMI is positioned to see continued growth with independent research reports stating The Building Automation Systems Market valued at USD 75.0 billion in 2019 and is expected to reach USD 140.3 billion by 2025, at a CAGR of 11% over the forecast period 2020 – 2025.  Also the LonWorks Building Management System Market is anticipated to discover robust growth by 2026. This report focuses on the leading key players with global perspective with a professional and in-depth study on the current state of LonWorks Building Management System Industry. For more information click here.

In addition, we are happy to see continued interest within our global membership as this year we welcomed new members: Bombora Investment Management, BCA Engineers, and HPW – Hemmering Pollock Wilson.  LMI continues to support standards and traditional services, but we see opportunities to expand our member base to include private equity firms, venture capital funds, consulting engineers, cities and government organizations, universities, etc.  This allows LMI to expand from being only a standards organization to one that is committed to our founding roots and better represents all aspects of our members’ needs and aspirations.

As an organization LMI continues to thrive with more than 1,000 products tested and certified, and over 1,000 industry professionals worldwide. Products based on the ANSI/CTA-709 (ISO/IEC 14908) standard continue to be widely deployed with products installed in over 500,000 buildings worldwide. Our members and the LMI organization see a lot of market potential and we are excited about the opportunity to extend this support and growth for decades to come.