Demand and Growth of IoT Solutions in Smart Spaces

Smart spaces with energy management solutions deploy sensors to detect temperature, humidity, and occupancy among other attributes of space. These solutions are integrated into HVAC control systems, allowing businesses to offer appropriate heating and cooling to occupied rooms.

Ambient lighting sensors, combined with occupancy sensors, allow businesses to adjust the amount of generated light in occupied rooms to appropriate levels while reducing lighting costs. Smart spaces can be defined in many different ways.?

Parks Associates defines “smart spaces” as physical locations, equipped with networked devices and sensors-based solutions, that give individuals data about the location’s parameters and how the space is being used. “Smart spaces” are most commonly buildings but may be any type of location, including outdoor structures or vehicles.

Smart spaces have a strong overlap with smart homes, industrial IoT, and Industry 4.0, making use of the same concept of networked sensors feeding into larger data platforms.

Download the complimentary whitepaper, “Simplifying the IoT Edge: Smart Spaces Best Practices,” in collaboration with Technicolor, for more information that addresses the demand and growth of IoT edge solutions in smart buildings and smart spaces.

Register today for Parks Associates’ inaugural Smart Spaces event virtually on November 17, bringing together property owners, building managers, and technology leaders for conversations on the next generation of buildings in MDU and hospitality environments.