Smart Buildings

The March Towards Data-Driven Commercial Buildings Increases Pace

The global market for Big Data software & services in Smart Commercial buildings is experiencing robust growth, rising from $15.6Bn by the end of 2018 to $35.8Bn by 2023, representing a CAGR of 18%. Our new research report is an objective assessment of the market for Big Data Software & Services in Smart Commercial Buildings. Growth in the commercial office sector is still largely untapped, with the majority of investments only focused on minimizing operational costs and energy expenditure. Productivity and occupant experience related investments will drive future market growth in this segment, with significant market spending also projected in relation to a variety of predictive analytics, AI and machine learning initiatives. The Internet of Things in Buildings (BIoT) is becoming increasingly complex for both vendors and end users to navigate. Few (if any) organizations have the expertise in both IT and OT domains to thoroughly dominate the landscape. So it is becoming important for […]

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