The global smart
office market size is expected to reach USD 57.05 billion by 2025,
according to a new report by Grand View Research, Inc., registering a CAGR of
13.2% over the forecast period. Organizations are constantly evolving due to
changing workforce demographics and technological expectations of modern
employees and employers. As a result, a large number of organizations across
the globe are anticipated to shift toward smart offices. Rising concerns
regarding energy consumption are also likely to augment the market.
Growing adoption of Internet of Things (IoT) is
estimated to stoke the growth of the market as IoT enables inter-networking of
physical devices through actuators, sensors, network connectivity, and
software. Employers are able to improve employee productivity while increasing
flexibility of work environment with better connectivity. However, concerns
associated with privacyandmalicious attacks are poised to inhibit the growth of
the market.
Energy management systems (EMS) offer advantages such
as measuring energy efficiency improvements, analyzing energy data for better
decision-making, and optimization of energy consumption. Audio-video
conferencing systems help reduce travelling time and costs by providing a
platform to share and collaborate ideas from remote locations. Surging demand
for these hardware systems is projected to provide a fillip to the overall
market.
Rising popularity of smart office technology is
motivating manufacturers to invest in research and development activities for
creating cost-effective, reliable, and improved products. Manufacturers are
pouring substantial funds into development of new products for providing better
user experience, which is expected to trigger the growth of the market.
Browse full research report on Smart Office Market: https://www.grandviewresearch.com/industry-analysis/smart-office-market
Further
key findings from the study suggest:
- Smart office technology enhances experience of employees in terms
of integration, intelligence, and intuitiveness
- By component, the service segment is likely to post the highest
CAGR of 15.0% over the forecast period
- The retrofit segment dominated the market in 2016, with a valuation
of USD 14.30 billion. The segment will retain its lead position through
2025
- The North American region accounted for the largest share of just
over 55 % in 2016
- Key industry participants include ABB Ltd. (Switzerland); Honeywell
International, Inc. (U.S.); Johnson Controls (U.S.); Schneider Electric
(France); and Siemens AG (Germany).
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/technology
Grand
View Research has segmented the global smart office market based on component,
office type, and region:
Smart
Office Component Outlook (Revenue, USD Million, 2014 - 2025)
- Hardware
- Security
Systems & Controls
- Smart
Lighting & Controls
- Energy
Management Systems
- HVAC Control
Systems
- Audio-Video
Conferencing Systems
- Software
- Service
Smart
Office Type Outlook (Revenue, USD Million, 2014 - 2025)
- Retrofit
- New
Construction
Smart
Office Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment