Research Report on Smart Workplace Market for Exploring Various Growth Dimensions April 11, 2022
The global smart workplace market is anticipated to cross a value of US$ 121 Bn by 2030. The smart workplace market is projected to expand at a CAGR of ~17% from 2022 to 2030, in terms of revenue. The growth of the smart workplace market is due to the growing adoption of energy-efficient systems in commercial buildings and the increasing demand for cloud-based applications across enterprises. During the forecast period, North America is anticipated to emerge as the leading smart workplace market, followed by Europe and Asia Pacific.
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Increasing Adoption of Cloud-based Technologies
Cloud transformation has impacted the workplace across the world. Adoption of Software-as-a-Service (SaaS) and rise in mobile devices have increased the adoption of cloud technology in the workplace, which in turn has advanced the workforce too. Cloud-connected applications have greatly impacted the workplace across small & medium, and large enterprises, enabling today’s workforce to collaborate, access information, and complete tasks. Demand for cloud-based workforce management systems is increasing worldwide. Cloud-based smart workplace software and solution services provide better access, which can also be accessed by mobile devices. This, in turn, is accelerating the growth of the smart workplace market.
Smart Workplace: Market Segmentation
The global smart workplace market has been segmented in terms of system, solution, and region. Based on system, the market has been classified into access control, video conferencing system, and HVAC control system. Based on solution, the smart workplace market has been bifurcated into software and services. Furthermore, the services segment has been split to managed and professional.
Smart Workplace Market: Regional Outlook
In terms of region, the global smart workplace market has been segmented into North