Revenues from ‘multi-family’ IoT device sales to expand significantly, says Navigant

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The annual revenue from ‘multi-family’ IoT device sales is expected to increase to $35.6 billion (£29bn) by 2028 at a CAGR of 23.8%, according to Navigant Research.

According to the report, titled “IoT for Multifamily New Construction and Retrofit Markets”, builders and property managers are becoming more aware of the benefits of building-wide smart home technology, and stakeholders have started to realise the largely untapped opportunity this market has to offer.

Sasha Wedekind, research analyst with Navigant Research, said: “Software solutions and platforms to serve needs specific to the multifamily segment are starting to enter the

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