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The Global Market for the Internet of Things in Smart Buildings will Rise to over $85Bn by 2020

Memoori's new research report is an objective assessment of the market for Internet of Things Technologies, Networks and Services in Buildings 2014 to 2020. http://memoori.com/portfolio/internet-things-smart-buildings-2014-2020 Overall connectivity penetration rates across all building systems are currently only around 16%. This connectivity penetration rate will of course rise steadily over the coming years, and with it the market potential for the Internet of Things in Buildings (BIoT). Our new report projects that the global market for the BIoT will increase from approx. $23Bn in 2014 to over $85Bn in 2020. The networking and related services segment of the market will show a steady growth of 22.6% CAGR rising to approx. $32Bn in 2020; which will represent 37% of overall revenues by 2020. Effective network deployment, in order to keep up with the rising bandwidth demands of the BIoT, will be crucial to the efficient delivery of services and the management of data flows. Our underlying figures indicate […]

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