Commercial buildings move to IoT adoption phase

smart building IoT

The number of internet of things (IoT) connected devices installed in commercial smart buildings reached more than 1.5 billion in 2022, according to smart building research specialist Memoori. This represents around 11.8 per cent of the total installed base of connected devices worldwide. It forecasts that the number used in commercial smart buildings will grow at a 13.7 per cent compound annual growth rate (CAGR) between 2023 and 2028, reaching an estimated 3.25 billion devices by 2028. IoT adoption phase Memoori reports that growth in the total installed base is…

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