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.