Market Research Report
IoT for Intelligent Buildings - Hardware, Software and Services for IoT in Commercial Buildings: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||504300|
|Published||Content info||71 Pages; 27 Tables, Charts & Figures
|IoT for Intelligent Buildings - Hardware, Software and Services for IoT in Commercial Buildings: Global Market Analysis and Forecasts|
|Published: May 17, 2017||Content info: 71 Pages; 27 Tables, Charts & Figures||
The Internet of Things (IoT) is gaining popularity, as customers are increasingly demanding data-driven solutions that deliver better insight on operations and equipment to direct changes for corporate goals. Employees and customers have become reliant on devices and access to real-time data for productivity, convenience, and sustainability. The result is a new kind of upward pressure on commercial building owners to invest in intelligent building technologies. In addition, hardware prices are dropping while storage and computing power are increasing via cloud computing, which furthers IoT market growth.
Leveraging Internet-connected devices that collect and communicate data and software for data aggregation and analysis, IoT-enabled intelligent building solutions are secure, scalable, and interoperable. They support open communications and standards within the building space, assisting with reduced costs and improved integration possibilities. Given the enterprise-level integration across buildings and systems with IoT systems, customers have come to expect solutions that not only address energy management and operational efficiency, but also offer use cases related to in-building experience as well as revenue generation services. According to Navigant Research, the global IoT for intelligent buildings market is expected to grow from $6.3 billion in 2017 to $22.2 billion in 2026.
This Navigant Research report examines the global market opportunity related to IoT technologies for commercial buildings. The study provides an analysis of the value chain, use cases, and major market drivers and barriers for IoT in intelligent buildings. Global market forecasts, segmented by region, customer (building) type, and offering type (hardware, software, and services), extend through 2026. The report also examines the key technology issues, as well as the competitive landscape, associated with IoT for commercial buildings.