Revenues from building energy management systems expected to reach nearly US$10.8 billion by 2024, says Navigant

Several market trends, including growing corporate awareness of the Internet of Things (IoT) and rising demand for data-driven decision support tools, are accelerating the adoption of BEMSs. As the cost of monitoring and control technology falls, BEMSs are becoming more cost-effective options for a broader set of customers. According to a new report from Navigant Research, worldwide revenues from BEMSs are expected to grow from US$2.4 billion in 2015 to nearly US$10.8 billion in 2024.



from DIGITIMES: IT news from Asia http://ift.tt/1JG3YqZ

via Yuichun