View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cloud
July 11, 2016updated 21 Oct 2016 4:32pm

From checking escalators to earthquakes – How IOT use in buildings will boom between now and 2022.

IOT sensors will monitor everything going on inside all structures - and the market is going to be huge

By Sam

The market for sensors inside buildings which measure and monitoring everything from the  plumbing to communication systems to how the lifts are working will see almost 25% year on year growth over the next six years.

A reserach report, Global IOT Market in Structure Monitoring Market size said big changes in building and building monitoring will occur over the next few years from a time just last eyar when physical security was by far the biggest segment for data in all buildings. Now building communications systems, plumbing and water managemetn, elevators and escalators managemetn system, earthquake monitoring systems will be sensor enabled with IOT technology.

P&S Market Research, said the global Internet of Things (IoT) market in structure monitoring is expected to grow at a CAGR of 24.1% during 2016-2022.

The concept of SMART, which stands for self-monitoring analysis and reporting technology solutions, has revolutionized the methods of managing large structures, such as buildings, bridges, and dams said the report’s authors.

The increasing internet penetration has further augmented the adoption of advanced measures, such as IoT to achieve the required results in structure monitoring.

The internet of things (IoT) market for structure monitoring is increasing with the growing numbers of smart buildings. The smart buildings require efficient infrastructure and storage for the information generated through the cluster of technology exploiting different bandwidths. The IoT technology offers an array of solutions to several organizations that seek to improve the quality of life and well-being. The surging urbanization and continuous development in the infrastructure has been the major macroeconomic factors driving the growth of the IoT in structure monitoring market.

 

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU