The global revenue for the edge computing market for the Internet of Things in commercial buildings will record a 11.2% increase through to 2027, according to Navigant Research.
The market is expected to reach $7.8 billion in 2027 from $3 billion in 2018.
Neil Strother, principal research analyst at Navigant Research, said: “In the commercial buildings sector, stakeholders are beginning to adopt edge computing technology to help create more intelligent and efficient facilities.
“Edge computing also fits with the IoT technology trend, which some buildings are adopting in the form of smart meters, smart thermostats, occupancy sensors, and advanced lighting systems.”
The driving factor towards adoption of edge computing in commercial buildings is to reduce operational costs.
For instance, a well-designed HVAC system that leverages an edge IoT infrastructure could produce significant savings through its ability to react quickly to subtle changes in air temperature or occupancy levels and intelligently make automated adjustments at the optimal time.
Edge computing enables devices, sensors and gateways to make decisions locally without the need to rely on the Cloud for data processing.
For more information about the report, visit Edge Computing for IoT in Buildings.