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Smart Office Market with Current Trends Analysis 2023 Industry Outlook and Trend Analysis: The Smart Office Market was worth USD 15.56 billion in 2014 and is expected to reach approximately USD 45.80 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.75% during the forecast period. The growth of this market can be attributable to rising requirement for effective and optimal usage of IT resources and infrastructure. Moreover, expanding requirement for fusing security devices, for example, cameras and electronic locks, in workplaces has opened entryways for various development openings in the market. Smart office technology provides remarkable outcomes on the basis of productivity, as it empowers digitization and automation of products and systems. For example, with the assistance of beacons, a representative can be naturally distinguished and check in and check out timings can be enrolled in a period and participation system when workers enter or leave office premises, individually.

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Regional Outlook and Trend Analysis: The North American district is foreseen to rule the market throughout the following years, attributable to existence of a significant client base and entrenched producers. The area produced the most astounding income in 2016 and is anticipated to reflect tremendous development throughout the time frame. The Asia Pacific area is foreseen to witness an eminent move in its development, exhibiting astounding growth over the estimate time frame, due to developing economies, for example, China and India. Development of the Service part in these economies is foreseen to prompt an expansion in number of workplaces in the area and this is relied upon to make the requirement for foundation of smart offices over the gauge time frame.

Component Outlook and Trend Analysis: On the basis of component, the market has been fragmented into software, hardware, and service. The hardware portion ruled the smart office market in 2016 and is foreseen to proceed with its lead from throughout the following years, attributable to consistent innovative progressions in the field. The portion is additionally arranged into security systems and controls, smart lighting and controls, HVAC control frameworks, energy management systems and audio-video conferencing systems. Energy Management Systems (EMSs) are as a rule progressively adopted as they give various benefits, for example, comfort and enhanced core interest. EMSs can be used to track usage of energy, which


enables associations to control vitality losses, in this way, prompting increment in overall revenues. They likewise empower managers and workers to upgrade comfort, proficiency, and productivity. Office Type Outlook and Trend Analysis: On the basis of office type, the market has been divided into retrofit and new construction. The retrofit fragment is expected to produce the most astounding income throughout the following years. Development of the portion can be credited to rising need to implement energy-saving advances in retrofit offices. The new development fragment is foreseen to witness significant development over the conjecture time frame. A retrofit office may pose impediments for changes or new system implementations. Nonetheless, another development gives sufficient adaptability to execute new systems.

Competitive Insights: The leading players ABB India Limited, Johnson Controls, Crestron Electronics, Honeywell, Schneider Electric, Siemens, Cisco Systems, Lutron Electronics Company, United Technologies Corporation and Philips Lighting Holding B.V. These organizations are occupied with implementing key activities, for example, acquisition and new product development, which are expected to increase development, grow organizations through advent of new innovations and products, and improve geographical reach.

Market Classification: · Smart Office Market, By Component, Estimates and Forecast, 2014-2023 ($Million) · Software · Hardware o Smart Lighting & Controls o HVAC Control Systems o Security Systems & Controls o Energy Management Systems o Audio-Video Conferencing Systems · Service

·

Smart Office Market, By Office Type, Estimates and Forecast, 2014-2023 ($Million) · New Construction · Retrofit


·

Smart Office Market, By Region, Estimates and Forecast, 2014-2023 ($Million) · North America § North America Smart Office Market, By Country § North America Smart Office Market, By Component § North America Smart Office Market, By Office Type o U.S. Smart Office Market, By Component o U.S. Smart Office Market, By Office Type o Canada Smart Office Market, By Component o Canada Smart Office Market, By Office Type o Mexico Smart Office Market, By Component o Mexico Smart Office Market, By Office Type · Europe § Europe Smart Office Market, By Country § Europe Smart Office Market, By Component § Europe Smart Office Market, By Office Type o Germany Smart Office Market, By Component o Germany Smart Office Market, By Office Type o France Smart Office Market, By Component o France Smart Office Market, By Office Type o UK Smart Office Market, By Component o UK Smart Office Market, By Office Type o Italy Smart Office Market, By Component o Italy Smart Office Market, By Office Type o Spain Smart Office Market, By Component o Spain Smart Office Market, By Office Type o Rest of Europe Smart Office Market, By Component o Rest of Europe Smart Office Market, By Office Type · Asia-Pacific § Asia-Pacific Smart Office Market, By Country § Asia-Pacific Smart Office Market, By Component § Asia-Pacific Smart Office Market, By Office Type o Japan Smart Office Market, By Component o Japan Smart Office Market, By Office Type o Australia Smart Office Market, By Component o Australia Smart Office Market, By Office Type o India Smart Office Market, By Component o India Smart Office Market, By Office Type o South Korea Smart Office Market, By Component o South Korea Smart Office Market, By Office Type o Rest of Asia-Pacific Smart Office Market, By Component o Rest of Asia-Pacific Smart Office Market, By Office Type · Rest of the World § Rest of the World Smart Office Market, By Country § Rest of the World Smart Office Market, By Component § Rest of the World Smart Office Market, By Office Type


o o o o o o o o o o o o

Brazil Smart Office Market, By Component Brazil Smart Office Market, By Office Type South Africa Smart Office Market, By Component South Africa Smart Office Market, By Office Type Saudi Arabia Smart Office Market, By Component Saudi Arabia Smart Office Market, By Office Type Turkey Smart Office Market, By Component Turkey Smart Office Market, By Office Type United Arab Emirates Smart Office Market, By Component United Arab Emirates Smart Office Market, By Office Type Others Smart Office Market, By Component Others Smart Office Market, By Office Type

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Research Methodology: We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

The Smart Office market is segmented as followBy Component:  

Software Hardware o Smart Lighting & Controls o HVAC Control Systems o Security Systems & Controls o Energy Management Systems o Audio-Video Conferencing Systems Services


By Office Type:  New Construction  Retrofit By Region 

North America

o o o

U.S Canada Mexico

Europe

o o o o o o

Germany France UK Italy Spain Rest of Europe

Asia-Pacific

o o o o o o

Japan China Australia India South Korea Rest of Asia Pacific

Rest of the World

o o o o o

Brazil South Africa Saudi Arabia United Arab Emirates Others

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Smart office market by component and office type global industry analysis and forecast to 2023  

The Smart Office Market was worth USD 15.56 billion in 2014 and is expected to reach approximately USD 45.80 billion by 2023, while register...

Smart office market by component and office type global industry analysis and forecast to 2023  

The Smart Office Market was worth USD 15.56 billion in 2014 and is expected to reach approximately USD 45.80 billion by 2023, while register...

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