Global market of smart office has been segmented by different product, building type and geography. Further, product segment of the market is bifurcated into security & access control systems, smart lighting, audio video conferencing systems, smart HVAC control systems, energy management systems and fire & safety control systems. Likewise, building type segment of the smart office market is sub-segmented into retrofits and new office buildings.
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The new construction workplaces segment is estimated to grow at a high rate in the forecasted period due to new construction workplaces offer the capacity to construct the new building with inbuilt smart office systems. Moreover, it supports in achieving eco-friendly procedures owing to economical use of the available capitals resulting in the high demand for new construction office.
Global smart office market size was accounted a double-digit CAGR over the forecast period (2019-2025). One of the major factor driving the smart office market growth is rising demand for enhanced infrastructure to motivate the employees because of their increasing inclination towards adoption of energy saving solutions at office premises.
Furthermore, growing global internet penetration is attracting the installation of better as well as advance infrastructure that provides enabling more comfort at commercial workplaces. This is another major factor expected to fuel the demand for the smart office market in upcoming years. Moreover, growing demand for smart lighting in commercial segments in order to save cost of energy is another factor impelling the Smart Office Market growth over the forecast spell.
Geographically, the global smart office market is segregated into several key regions covering North America, Europe, Asia Pacific, South America and Middle East & Africa. Asia pacific region will likely be fastest-growing market, trailed by Rest of the World over the forecast spell. Moreover, growth of the region is attributed to rapid adoption of Internet of Things (IoT) in several emerging economies such as China and India.
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The market of smart office across the world is highly fragmented as well as competitive with large number of prominent players in it. Some of the key player operating within the competitive edge of the Smart Office industry across the globe include Koninklijke Philips, United Technologies Corporation, Electric SA, ABB Ltd., Honeywell International, Schneider Siemens AG, Cisco Systems, Johnson Controls, Lutron Electronics and Creston Electronics among others.
Key segments of the global smart office market include:
Product segment of Smart Office Market:
- Smart Lighting
- Security & Access Control Systems
- Audio Video Conferencing Systems
- Energy Management Systems
- Smart HVAC Control Systems
- Fire & Safety Control Systems
Building Type segment of Smart Office Market:
- New Office Buildings
Geographical Segmentation of Smart Office Market
- North America
- Asia Pacific
- South America
- Middle East & Africa
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What to expect from the upcoming ‘Global Smart Office Market’ analysis:
-Analysis over future prospects as well as Global Smart Office Market trends
– Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
– Supportive initiatives by government likely to influence the market dynamics.
– Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
– In-depth analysis of different market segmentations including product, building type and geographical regions.
– Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
– Value Chain and Sales Channels Analysis
Who should buy this report?
– Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy
About Adroit Market Research:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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