Smart Buildings

Focus Shifts from Technology to Outcomes as the Building Internet of Things Market Starts to Mature

Our new research report is an objective assessment of the market for Internet of Things Technologies, Networks and Services in Commercial Smart Buildings. The Internet of Things (IoT) is now starting to have a transformative effect on smart building automation and control. It is disrupting long established business models and offering significant new opportunities to improve the efficiency of buildings, raise employee productivity, as well as stimulating the development of innovative services. We are projecting that the combined global market for the Internet of Things in Buildings (BIoT) will continue to grow significantly, rising from $34.8Bn at the end of 2017 to $84.2Bn by 2022, representing a CAGR of 19.4%. Growth has slowed slightly since our last assessment published in 2016, largely due to the growing maturity of the market, but in part also due to other factors including persistent concerns over data privacy and security as well as lower overall smart device proliferation estimates. […]

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