3 key trends peer into the future of connected buildings
Navigant Research projects that revenue for energy management systems will grow to US$10.8 billion in 2024 from US$2.4 billion in 2015. Another research firm, Memoori, figures that cumulative funding of startups specializing in smart-building technologies reached US$3.9 billion from 2008 through 2016, with almost 250 companies targeting the space. Memoori also estimates that the internet of things in commercial buildings — which includes hardware, software and services — will grow at a 20 percent combined annual growth rate from 2015 to 2021.
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