The Internet of Things (IoT) is becoming a widely recognized option in the residential HVAC market. The U.S. Acquity Group’s 2014 IoT study found that 69 percent of consumers plan to buy an in-home device in the next five years, and, by the end of 2015, about 13 percent of consumers will own an in-home IoT device such as a thermostat or in-home security camera.
While the residential market garners many of the headlines, the commercial IoT market is taking shape, as well.