Category: Smart Building

Report: Future of hyperconnectivity to fuel billion-dollar ‘connected living’ opportunities

According to Frost & Sullivan’s Future of Connected Living report, the device-to-person ratio will exceed 20 to 1 by 2030, as the world enters the era of hyperconnectivity and catapults organizations’ digital transformation. The number of connected devices globally is projected to increase from 30.4 billion in 2020 to 200 billion in 2030 at a compound annual growth rate (CAGR) of 20.7%. The research forecasts the convergence of connected cities, homes, and workplaces will result in ubiquitous connectivity and the emergence of new product applications, business models, technologies, platforms, and services.

Why are smart buildings important? —

A smart building is a living asset that is utilised by building and facility managers to improve operations. It is connected, using technology to automate processes and control building services including lighting, heating, air conditioning, security, etc. This is achieved through a network of sensors, wired and wireless technology and microchips to collect and aggregate data into a user interface which takes the guess work out of building control and maintenance.