Smart Office Industry 2018: Size, Share, Trends, Research, Analysis, Growth Rate, Business Opportunities and Competitive Landscape
(firmenpresse) - Market Highlights
Smart Office Market is expected to grow from USD 23.60 billion in 2017 to USD 46.99 billion by 2023, at a compound annual growth rate (CAGR) of 12.16% during the forecast period.
Smart office refers to high-tech offices that leverage advanced technology to make the physical work environment intelligent and automate routine tasks. By incorporating Internet of things, machine learning, interconnectivity & control systems, and other technologies, companies can reduce their energy consumption, improve employee morale, and increase the efficiency of business operations. Deployment of smart office system in the organization can also enable better connectivity among various infrastructure systems, improves employees’ productivity, and streamlines business processes.
According to MRFR analysis, by 2019, artificial intelligence would drive voice-enabled virtual assistant in enterprises, thereby automating everyday task and speeding up work processes. The growing adoption of web real-time communication (WebRTC) allows real-time conferencing and communication through the browser with high-quality video and audio streaming. This provides greater flexibility in scheduling video conferences. Certain government regulations including occupational safety and health administration (OSHA) and American National Standards Institute (ANSI) support worker safety and are encouraging organizations to adopt smart office systems, which is acting as a major driving factor for smart office market.
Major Key players
Siemens AG (Germany)
Schneider Electric SA (France)
Johnson Controls International PLC (US)
Honeywell International Inc. (US)
ABB Ltd. (Switzerland)
Cisco Systems, Inc. (US)
United Technologies Corporation (US)
Lutron Electronics Co. Inc. (US)
Crestron Electronics, Inc. (US)
Philips Lighting Holding B.V (Netherlands)
Segmentation:
The global smart office industry has been segmented on the basis of component and office type. Based on component, the global smart office market has been segmented into hardware, software, and service. The hardware segment has been sub-segmented into smart lighting, energy management system, security systems, smart HVAC system, and audio-video conferencing systems. The smart lighting sub-segment includes smart bulbs, fixtures, and lighting controls. The lighting controls segment has been further sub-segmented into led drivers and ballasts, relay units, switches, and gateways.
The security systems segment has been further sub-segmented into surveillance cameras/video surveillance, access controls, and fire & safety controls. The access control segment has been further segmented into card-based systems/card-based readers, biometric systems/biometric readers, and electronic locks. The energy management systems segment has been sub-segmented into in-house displays, load control switches, smart thermostats, and smart plugs. The smart HVAC control system segment has been further sub-segmented into sensors, control valves, heating & cooling coils, pumps & fans, dampers, actuators, smart vents VAV & FCU controllers.
Regional Analysis:
The global market for smart office is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smart office market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to be the fastest growing region owing to growing industrialization and urbanization in countries such as India, Japan, and China. Furthermore, improved standard of living in countries like India is encouraging offices to renovate and modernize the traditional infrastructure. Moreover, most of the organizations in this region are focusing on implementing IoT in their workplaces. North America is dominating the market as most of the companies in countries like the US have invested heavily in establishing a connected work environment, to maintain seamless flow of operations. Additionally, increasing penetration of the Internet and wireless networks is fueling the growth of this market.
Unternehmensinformation / Kurzprofil:
Datum: 13.04.2020 - 08:49 Uhr
Sprache: Deutsch
News-ID 610488
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