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The Global Market for Big Data in Smart Buildings Will Reach $29 Billion by 2020, Predicts Memoori Research

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LONDON--(BUSINESS WIRE)--Whilst the market for Big Data and Cloud based services in buildings is still nascent, Memoori believes growth in this area will be the most pronounced of all Building Internet of Things technology over the next 5 years. Driven by falling technology costs, more confidence in emerging solutions and improving ROIs; Memoori’s Report predicts that the market will grow from $9.17 Billion in 2015 to $29 Billion by 2020. This represents a Compound Annual Growth Rate of over 33

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