Smart Office Market Global Analytical Overview by Key Leaders: Siemens, Schneider Electric, Honeywell, Cisco Systems, United Technologies, Lutron Electronics, Crestron Electronics

The report on the global Smart Office market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:
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.

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Major Key Players

• Koninklijke Philips NV.,
• Honeywell International Inc.,
• ABB Ltd.,
• Schneider,
• Electric SE.,
• Siemens AG.,
• United Technologies Corporation,
• Johnson Controls International PLC.,
• Cisco Systems Inc.,
• Crestron Electronics Inc.,
• Lutron Electronics Co. Inc.,
• Philips Lighting Holding B.V.

According to MRFR, The global Smart Offices 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.

Segmentation:
The global smart office market 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.
The sensors segment has been further sub-segmented into temperature sensors, pressure sensors, humidity sensors, occupancy sensors, flow sensors, and others. The audio-video conferencing systems segment has been sub-segmented into video conferencing systems, audio, volume, & multi-media room controls, and touch screens & keypads. The services segment has been sub-segmented into advisory & consulting services, installation & support services and managed services. Based on office type, the global smart office market has been segmented into retrofit offices and new construction offices.

Regional Analysis:
Geographically, the global smart office market has been segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. The North America regions commands the dominant share of the global smart office market owing to the rapid adoption of advanced technology, proliferation in small to large scale organizations that are converting their premises into technologically advanced infrastructures, and presence of large number of service providers in this region. The Asia Pacific region is projecting fastest growth in the global smart office market owing to increasing demand for smart services in various industrial sectors in order to optimize the functionality of the office infrastructures in the emerging economies of this region.

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Intended Audience
• System Design & Development Vendors
• System Integrators/Migration Service Providers
• Consultants/Consultancies/Advisory Firms
• Support & Maintenance Service Providers
• Network Service Providers
• Smart Building Product & Solution Provider Companies
• Academic and Research Institutes
• Government Associations
• Technology standards organizations, forums, alliances, and associations
• Universities and research organizations
• Government bodies

LIST OF TABLES
Table 1 Global Smart Office Market, by Region, 2018–2023
Table 2 North America: Smart Office Market, by Country, 2018–2023
Table 3 Europe: Smart Office Market, by Country, 2018–2023
Table 4 Asia-Pacific: Smart Office Market, by Country, 2018–2023
Table 5 Middle East & Africa: Smart Office Market, by Country, 2018–2023
Continued…….

LIST OF FIGURES
FIGURE 1 Global Smart Office Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Smart Office Market
FIGURE 4 Value Chain of Global Smart Office Market
Continued…….

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