Digital Lifescapes

Commercial buildings are getting smarter. They now include a growing variety of technologies that are part of the Internet of Things (IoT) phenomena. Across the globe, new buildings are being constructed with both wired and wireless IoT infrastructure that enables innovation. According to the latest worldwide market study by Berg Insight, the installed base of sensors, actuators, modules, gateways and other 'connected devices' deployed as part of IoT-based automation in smart commercial buildings was an estimated 151 million units worldwide at the end of 2018. Commercial Building Automation Market Development Growing at a compound annual growth rate (CAGR) of 33 percent, the installed base will reach 483 million units in 2022. About 4.5 million of these devices were connected via cellular communication networks in 2018. The number of cellular connections in the building automation market will grow at a CAGR of 44 percent to reach 19.4 million in 2022. In terms of reve...

The notion of an Internet of Things (IoT) includes some very practical applications within the home. The global smart thermostats market is expected to grow from 1.3 million in 2013 to 8 million unit shipments in 2018 -- that's  a CAGR of 43 percent, according to the latest market study by ABI Research. Disruptive innovation in thermostats from new entrants such as Nest Labs, ecobee, and EcoFactor has significantly raised the bar for product design and innovation in a device category that had seen little change over several decades. As demand grows in the coming years, smart thermostat global revenues are expected to experience five-fold growth to reach $600 million by 2018. Currently, North America is the most lucrative market for smart thermostats, contributing more than half the worldwide total. Driving this region’s dominant market share is a tech-savvy population adopting smart mobile devices packed with low-cost wireless sensors, an expanding install base of buildings...