Global Smart Office Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Global Smart Office Market Overview

"The Smart Office Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in the future.

Smart office systems include automated systems, advanced communication networks & infrastructure, and sensors, which help to provide wireless data transfer and centralized control for data analysis and monitoring. Automated lighting systems and advanced HVAC systems help commercial offices for better energy administration in an improved and systematic way.

Global smart office market is expected to witness rapid growth over the forecast period. A key factor driving growth of the global market is the increasing demand for smart office solutions and sensor networks for better energy efficiency.

In addition, rising demand for secure and safe systems at workplace is another factor projected to drive growth of the target market over the forecast period. In addition, continuous development in the infrastructure sector is anticipated to drive the market for smart office in the construction industry.

However, complexity in replacing or upgrading existing system and challenges related to integration of real-time streaming analytics and abilities into smart solution are some major factors projected to hamper growth of the global smart office market to a certain extent.

Target audience for the global smart office market include original device manufacturers, building automation service providers, networking technologies vendors, real estate builders, building automation software solutions providers, building automation service providers, component suppliers, research consulting companies and organizations, sub-component manufacturers, technology providers, smart office-related organizations, associations, forums, alliances, and others.

Asia Pacific smart office market is expected to account for major share in terms of revenue in 2017, and is anticipated to maintain its dominance over the forecast period, owing to growing demand for smart office from various sectors in this region. Asia Pacific smart office market is also projected to register fastest growth in terms of revenue in next five years.

Global Smart Office Market Segmentation:

Segmentation by component:

• Product
• Software
• Service

Segmentation by office type:

• Retrofit Offices
• New construction Offices

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa