Smart Buildings

Asia-Pacific Continues to Lead the Building Internet of Things Market Through to 2022

The global market for the Building Internet of Things (BIoT) has been growing rapidly over the last decade with North America dominating the sector until recently. The rise of IoT adoption in buildings throughout the Asia-Pacific region in recent times is set to continue for at least the next five years. While the Asia-Pacific regions share of the global market is currently only marginally greater than that of North America, the incremental gains in the coming years driven by significantly different development metrics will see the region take a steadily more dominant position in the global BIoT landscape. “The Asia-Pacific region overtook North America in terms of BIOT market revenues in 2015 and will retain its position as largest global market through to 2022,” states our latest report The Internet of Things in Smart Commercial Buildings 2018 to 2022. “It currently represents just over a third of global sales (34.3%) and faster overall growth in […]

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