World Market for Building Internet of Things (BIoT) Systems to Reach $76 Billion by 2020

The transformation of Building Automation Systems (BAS) into a Building Internet of Things (BIoT) is now underway. But as the plot is unfolding, the full impact of what BIoT will mean to the BAS industry is not yet well understood. Memoori’s new report published next week - The Transformation of BAS to BIoT: Market Prospects 2015 to 2020 - will show that major disruption is on its way as both the competitive landscape and the supply chain will change for all those suppliers that want to engage in the wider BIoT business which will reach $76Bn by 2020. The starting point to establish the future potential for BIoT has to be to size the current market for all the BAS services and projecting demand until 2020. This we have carried out taking into account that the business of designing and installing BAS services will for the most part remain unchanged for some years but parts […]

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