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Memoori Research Finds Building Automation is Transforming into the Building Internet of Things Creating a U$76Bn Market by 2020

Memoori’s new research report is an objective assessment of how & why Building Automation will evolve into the Building Internet of Things over the next 5 years to 2020.

For a quarter of a century the BAS industry has been working hard at delivering full connectivity across all the different building services. They have been successful in achieving this goal but the solutions have been expensive, lacked flexibility and robustness and whilst they improved the optimization of the buildings performance they could not be fully automated.

With the arrival of IoT we now have the capability to join “things” together more efficiently and cost effectively in a building. This technology can collect data from all the sensors and devices. Then using Big Data software we can analyze and immediately optimize the building, fully automating performance.

Memoori’s Report shows 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 BIoT business; which should eventually reach $76Bn by 2020 excluding the BAS Services hardware.

Memoori estimates that the value of the BAS hardware associated with BIoT projects at installed prices in 2014 was $35.15Bn accounting for approximately 55%, Enablement Hardware took a 13% share, Network Communication Services 17% and IoT Data Services secured 15%.

Projecting the sales of these 4 major components through to 2020 shows a significantly changing picture with IoT Data Services increasing its share to 26.5%, Network Communication Services rising to 22.5%, whilst the contributions from Enablement Hardware and BAS Services declining to 11% and 40% respectively.

www.memoori.com

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