We have released a new report today entitled The Internet of Things in Smart Commercial Buildings 2016 to 2021. The report focuses on market sizing analysis and a comprehensive assessment of the competitive landscape. It also provides crucial insights and detailed analysis of the technology enablers, drivers and barriers shaping the market.
We project that the combined global market for the Internet of Things in Buildings (BIoT) will grow significantly over the forecast period, rising from $23.5Bn in 2015 to $75.5Bn by 2021, at a CAGR of 20.7%.
This is an exciting time for Smart Commercial Buildings as Internet of Things (IoT) technology converges with Building Automation Systems to create the Internet of Things in Buildings (BIoT). This development is set to fundamentally change the way we interact with the built environment and will create huge opportunities for the most forward-thinking players in the sector.
Of the 4 markets that make up the BIoT, Enablement and Connectivity related services will be the early winners as companies struggle to develop telecoms infrastructures / bandwidth that can handle the increasing volumes of data they are generating. As these elements become more commoditized, an increasing proportion of BIOT revenue will come from Big Data & Cloud Based Software & Services; growing at a CAGR of 26.3% to $32Bn by 2021.
About the Report - Starting at only $1,500 USD with 222 pages and 61 charts & tables, The Internet of Things in Smart Commercial Buildings 2016 – 2021 report filters out all the important conclusions, supported with facts, as to what is shaping the future of the Smart Buildings industry. You can learn more at the reports website; http://memoori.com/portfolio/internet-things-smart-commercial-buildings-2016-2021/
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