Navigant Research Report Shows Global Annual Revenue from Multifamily IoT Device Sales Is Expected to Experience Nearly 24% Compound Annual Growth Rate
Building-wide security and access management, energy savings, and insurance applications are among the use cases gaining traction
While single-family homes are likely to remain the key market for residential IoT, the multifamily segment is expected to gain a significant share of revenue in coming years. Builders and property managers are becoming more aware of the benefits of building-wide smart home technology, and stakeholders are starting to realize the largely untapped opportunity this market has to offer. Click to tweet: According to a new report from @NavigantRSRCH, global annual revenue from multifamily IoT device sales is expected to increase from
“Software solutions and platforms to serve needs specific to the multifamily segment are starting to enter the market to address the pain points of building owners, property managers, and residents alike,” says
Given the complexity of managing multi-unit buildings, residential IoT can be a gateway to streamline processes in multifamily dwellings, save time and money, and generate additional revenue through rent and increased property valuation.
The report, IoT for
About
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, IoT for
View source version on businesswire.com: https://www.businesswire.com/news/home/20190917005224/en/
[email protected]
Source:
An Oil Price Surge Could Hurt Consumer Spending, The Economy
New Bedford fire chief leaves the ‘family business’
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News