Global Smart Office Market
The Global Smart Office Market was valued at USD 18.96 billion in 2016 and is projected to reach USD 56.28 billion by 2025, growing at a CAGR of 12.85% from 2017 to 2025.
Smart Office is defined as the integration of technology into a physical office space where the organization’s tasks are made simpler and flexible with the use of network based devices. Smart Office solution provides the organization with several benefits including – schedule management, analytics, cooperative communication, cloud storage, accurate time management, high returns on investments, automation, greater customer satisfaction, risk management, identity management, resource utilization, and provide connected integrated systems.
1. Market Drivers
1.1 Adoption of cloud-based environment of IoT platforms
1.2 Helping government regulations
1.3 Emergence of IoT for smart office solutions
1.4 Increasing need for safety and security systems at workplace
1.5 Rising demand for smart office solutions
2. Market Restraints
2.1 Issues with the integration of real-time streaming analytics capabilities into smart systems
2.2 Issues with the replacement of existing system
The Global Smart Office Market is segmented on the office type, component, product, and region.
1. Office Type:
1.1 New Construction Offices
1.2 Retrofit Offices
2. By Component:
2.2.1 Managed services
2.2.2 Professional services
188.8.131.52 Support and maintenance services
184.108.40.206 Consulting services
3. By Product:
3.1 Energy Management Systems
3.1.1 Smart Plugs
3.1.2 Smart Thermostats
3.1.3 In-House Displays
3.1.4 Load Control Switches
3.2 HVAC Control Systems
3.2.1 Smart Vents
3.2.2 VAV and FCU Controllers
3.2.5 Control Valves
3.2.6 Heating and Cooling Coils
3.2.7 Pumps & Fans
3.2.9 Temperature Sensors
220.127.116.11 Humidity Sensors
18.104.22.168 Occupancy Sensors
22.214.171.124 Pressure Sensors
126.96.36.199 Flow Sensors
188.8.131.52 Other Sensors
3.3 Audio–Video Conferencing Systems
3.3.1 Video Conferencing Systems
3.3.2 Touch Screens & Keypads
3.3.3 Audio, Volume, and Multimedia Rooms Controls
3.4 Security Systems
3.4.1 Surveillance Cameras/Video Surveillance
3.4.2 Fire and Safety Controls
3.4.3 Access Controls
184.108.40.206 Electronic Locks
220.127.116.11 Biometric Systems/Biometric Readers
18.104.22.168 Card-Based Systems/Card-Based Readers
3.5 Smart Lighting and Controls
3.5.1 Smart Bulbs
3.5.3 Lighting Controls
22.214.171.124 Relay Units
126.96.36.199 LED Drivers and Ballasts
188.8.131.52 Switches & Dimmers
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Schneider Electric SA
2. Honeywell International Inc.
3. ABB Ltd.
4. Siemens AG
5. Philips Lighting Holding B.V.
6. Crestron Electronics, Inc.
7. Johnson Controls International PLC
8. Lutron Electronics Co. Inc
9. Cisco Systems, Inc.
10. United Technologies Corporation
11. Enlighted, Inc.
12. Foghorn Systems
13. Sensorsuite Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Smart Office Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.