The Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS) market in Europe is poised for a period of strong growth. Demand will be spurred by the trend of customers taking increasing control over their energy consumption patterns to reduce costs, increase energy efficiency, and reduce the environmental impact. The market will be characterised by increased connectivity, bringing deployment of the Internet of Things (IoT) solutions, Big Data and data analytics, cloud-based control, and technology-enabled business model innovation. New entrants will change the market dynamics by adopting remote service business models.
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