from VIV, but relavant

https://internetofbusiness.com/demand-building-automation-systems-continues-rise-says-study/

According to a new report from market research firm Frost & Sullivan, more and more organisations are turning to connected technologies to improve the management of their buildings.

The BAS market is expected to grow at a compound annual growth rate (CAGR) of 4.3 percent between 2016 and 2022, it says.

Other factors behind this growth include increasing interest in buildings’ energy consumption. Smart hubs, sensors, energy-efficient LED lights, and new wireless systems are among the technologies that can help.

Currently, buildings are responsible for an estimated 40 per cent of energy consumption worldwide, and cumulatively emit high levels of carbon dioxide. As a result, there’s a critical need for systems that enable greater energy efficiency.

Suba Arunkumar, research manager at Frost & Sullivan, said business managers and tenants are investing in BAS and IoT technologies to gain insights from big data and improve overall efficiency.

“Cutting-edge technologies involving IoT, big data, and cloud platforms have made it convenient to gather and normalise data from buildings to help analyse the energy usage trends, and facilitate fault detection and monitoring of overall building energy performance,” she said.

As a result, BAS systems are becoming a “core” part of new building developments.