Data Driven Insights from PropTech and The Internet of Things

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Data Driven Insights from PropTech and The Internet of Things

IoT devices in the buildings are becoming more common.

It is estimated that there will be as much as 10 billion devices installed in buildings by 2020, making it one of the fastest growing industries worldwide.

As a result, the smart building market is expected to grow from a size of $8.5 billion in 2016 to around $58 billion globally in 2022.

Not only that, the market size of sensors will be huge due to the IoT trend.

Asia Pacific has a huge potential to grow in terms of CAGR and market size until 2022. In other words, there will be a huge demand for smart buildings all over the world

The Internet of Things (IoT) offers enormous potential to dynamically adjust building, industrial, and city spaces to meet the needs of their occupants.

 

Want to know more about IoT? Check out our video.
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