Navigant Research expects global annual revenue associated with edge IoT in commercial buildings to touch $8 billion by 2027

A new report from Navigant Research analyzes the edge computing market for the Internet of Things (IoT) in buildings, providing global market forecasts through 2027. Edge computing distributes the power of data processing to the fringes of a system, giving devices, sensors, and gateways the power to act or make decisions locally and not always rely on a cloud environment.

This approach aligns well with commercial building efficiency goals since computing at the edge can in some cases handle data processes locally as well or better than sending the data to a cloud—and do so at lower cost.

According to the report, when IoT technologies such as these integrate with edge computing power, the combination can yield positive benefits for a building. For instance, a well-designed HVAC system that leverages an edge IoT infrastructure could produce significant savings through its ability to react quickly to subtle changes in air temperature or occupancy levels and intelligently make automated adjustments at the optimal time.

The report, Edge Computing for IoT in Buildings, analyzes the global market for edge computing for IoT in buildings, with a focus on hardware, software, and services. The study examines use cases and provides case studies highlighting edge and IoT solutions for commercial buildings.

Global market forecasts, segmented by offering type, building type, and region, extend through 2027. The report also analyzes market issues, including key drivers and barriers and regional trends for edge IoT solutions in commercial buildings.

“In the commercial buildings sector, stakeholders are beginning to adopt edge computing technology to help create more intelligent and efficient facilities,” says Neil Strother, principal research analyst at Navigant Research. “Edge computing also fits with the IoT technology trend, which some buildings are adopting in the form of smart meters, smart thermostats, occupancy sensors, and advanced lighting systems.”


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