Sectors

Big growth opportunity for big data in smart buildings

The market for fault detection based on big-data building analytics will expand at a compound annual growth rate (CAGR) of more than 40% during the next five years, according to a new report entitled “Value Added Services in Intelligent Buildings” from IMS Research, now part of IHS.
Fault detection in 2012 represented 27% of the $16 million global market for building analytics, with optimization accounting for the remainder. However, as the market develops and grows, fault detection will take a larger share of the market, IHS forecasts.

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