The e-magazine for KNX home & building control

Memoori Expects the Global Market for Big Data in Smart Buildings to Reach US$29 Billion by 2020

Memoori’s new research report is an objective assessment of the market for Big Data Software in Smart Buildings over the next 5 years to 2020.

Whilst the market for Big Data and Cloud based services in buildings is still nascent, Memoori believes growth in this area will be the most pronounced of all Building Internet of Things technology over the next 5 years.

Driven by falling technology costs, more confidence in emerging solutions and improving ROIs; Memoori’s Report predicts that the market will grow from $9.17 Billion in 2015 to $29 Billion by 2020. This represents a Compound Annual Growth Rate of over 33%.

The value in the Internet of Things is more in the data than the device. Collecting data from more building services and equipment will provide a much more granular view of exactly how each building is performing. Building equipment manufacturers and providers must start using Big Data Software to collect, store and analyze data in the Cloud; so they can use it to provide better operational efficiency for their clients.

Big Data projects in buildings often face difficulty integrating data generated by various networks, working on different standards and protocols. In the short-term, no single standard or communications protocol is likely to emerge to manage the flow of data between devices, networks and the Cloud.

Legacy standards and protocols will co-exist with newer solutions designed for compatibility and interconnectivity for years to come. The industry will therefore need to find ways of integrating data sources in multiple formats.

www.memoori.com

Share on facebook
Share
Share on twitter
Tweet
Share on linkedin
Share

SPONSORS

Interra iX3 4” Touch Panel


Interra iX3 4” Touch Panel
A next-generation room controller that transforms environmental management. With integrated sensors for temperature, humidity, brightness, and air quality (optional ...

Intesis DALI to KNX PRO


Intesis DALI to KNX PRO
The new Intesis DALI-2 to KNX TP PRO Gateway is a multi-master application controller for DALI-2 ballast ...

Clever solution for existing KNX properties


Clever solution for existing KNX properties
Anyone who built their home over three decades ago with the European installation bus can now upgrade it with modern ...

Interra KNX AC Gateway


Interra KNX AC Gateway
Interra KNX AC Gateway: Smart Climate Control Solutions The Interra KNX AC Gateway offers an innovative solution for climate control ...