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A new Gartner study has estimated that smart commercial buildings will be the highest IoT user until 2017, after which smart homes will take over with just over one billion connected things in 2018.
The Gartner study estimates that 1.6 billion connected things will be in use by smart cities in 2016, marking an increase of 39% from 2015.
IoT implementation can greatly benefit commercial real estate, offering a unified view for management of facilities and advanced service operations by collecting data and insights from various sensors.
Bettina Tratz-Ryan, research vice president at Gartner, said: "Especially in large sites, such as industrial zones, office parks, shopping malls, airports or seaports, IoT can help reduce the cost of energy, spatial management and building maintenance by up to 30%."
Business applications fuelling IoT growth in commercial buildings are handled via building information management systems. These systems drive operations management, especially for energy efficiency and user-centric service environments.
According to the study, commercial security cameras, webcams and indoor LEDs will drive growth in 2016 and make up 24% of IoT in smart cities. IoT in commercial buildings will continue to see rapidly growing deployments over the next few years, reaching just over one billion in 2018.
Tratz-Ryan said: "Incentives into the deployment of IoT in commercial real estate will fuel its development. The UK's building information modelling (BIM) mandate, for example, requires that all public sector construction commencing in 2016 complies with BIM (level 2)."
Smart homes will make up 21% of IoT usage in smart cities by 2016, rising the highest over the next five years. Tratz-Ryan predicts that wireless and device standards will be added to more devices and homes will move towards being more smart-enabled and information-enabled.
Find out more about the study or download it from here.
Are the predictions made by Gartner in-line with your own expectations? Let us know in the comments.
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