Smart Buildings

The Internet of Things and its Impact on Commercial & Industrial Buildings

The Internet of Things (IoT) industry regards commercial and industrial buildings as the third most important market for its technology and products. Not surprising... given that the world market for all types of Building Automation Systems (BAS) for these buildings was $120Bn in 2014 and will grow at around a CAGR of 9% to reach a $155Bn in 2020; Not including the technical market potential of a further $76Bn when delivering the ultimate in fully automated Building Internet of Things (BIoT) systems - http://memoori.com/portfolio/transformation-BAS-to-BIoT-2015-2020/ It would appear that much more effort and focus on removing the obstacles is going to be required by both the suppliers of BAS services and the IoT industry if it is going to realise this massive latent potential. The objective of integrating all the different BAS services is to improve the performance of buildings. There is a natural interrelationship between all these technical services and our report The Transformation of […]

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