Being driven by factors including development of cheaper and smarter sensors, rising adoption of cloud computing
April 29, 2016
The worldwide Internet of Things (IoT) market is projected to hit a compound annual growth rate (CAGR) of 33.3 percent to 2021 driven by the rising need for operational efficiency and the increasing penetration of connected devices, according to a report available from RnR Market Research.
Companies are creating strategic platforms to support the Internet of Things
April 22, 2016
The Internet of Things (IoT) market is forecast to grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025, according to “IoT Platforms: Enabling the Internet of Things,” a new white paper available from IHS Inc.
Investment will expand and accelerate Nortek’s solutions for the connected home
April 21, 2016
Nortek Inc. announced it has signed an agreement to acquire a 25 percent stake in MiOS Limited, a global technology company focused on developing and distributing advanced control and monitoring solutions for the home and small enterprise markets.
Vivint Element thermostat is recognized in international design competition
April 14, 2016
Vivint Smart Home, a leading provider of smart home technology, announced that its Vivint Element™ smart thermostat was awarded the Red Dot, an international distinction for high design quality. The international Red Dot jury chose winners from a pool of 5,200 products from 57 nations.
Report identifies smart home opportunities within the home energy management market
April 6, 2016
Parks Associates has announced new home energy management data from its report, The Evolution of Home Energy Management, showing 70 percent of U.S. households with smart energy devices report saving money due to reduced energy consumption.
Market will rely on retrofits, replacements, and incremental upgrades to existing facilities
March 31, 2016
The global advanced HVAC control market is expected to reach close to $12.2 billion in revenue by 2020, according to the latest research study released by Technavio. The report provides an in-depth analysis of market growth in terms of revenue and emerging trends. It also includes an analysis of various market segments.
Enables the move from simple presence sensing to occupant recognition, counting, and tracking
March 30, 2016
ABB demonstrated advanced occupant tracking sensors from PointGrab — in which ABB’s Technology Ventures arm made an investment in December 2015 — at Light+Building 2016. PointGrab uses edge-analytics connected sensors to deliver actionable occupant tracking information for smart homes and buildings.
Many residential users are seeking ways to reduce energy consumption and cut costs
March 29, 2016
The global market for ZigBee-enabled smart thermostats is forecast to increase substantially at a compound annual growth rate (CAGR) of over 67 percent by 2020, according to a market analysis by Technavio.