For electrical contractors
specializing in bread-and-butter residential projects, such as changing out light switches and adding receptacles, the proliferation of the Internet of Things offers both challenges and opportunities.
As building intelligence becomes a mainstream demand in small to mid-sized buildings and companies, contractors must find ways to offer solutions without crippling startup investments.
A recent study by Allied Market Research found that the global smart home and buildings market is expected to grow at a compounded annual growth rate (CAGR) of 29.5 percent between 2012 and 2020.
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