Press release
Smart Offices Market Top Players Shaping Industry: ABB Ltd., Cisco Systems, Inc., Crestron Electronics, Inc., Honeywell International Inc., Johnson Controls International PLC, Lutron Electronics Co. Inc., Philips Lighting Holding B.V., Miracle Group Inc.,
Smart-Office
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Global smart office market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing adoption of smart offices for different applications in energy management and saving. For instance IoT enabled lights reduce energy usage by switching off the lights when not in use.
North America is expected to be the largest and fastest growing region in the smart office market during the forecast period, owing to increasing sales of smart devices such as smart lightings, IoT (Internet of Things) solutions, smart communication devices, and smart software in the region.
Increasing need to upgrade office infrastructure of existing office buildings is boosting growth of the smart office market. The enterprises are undergoing this change, owing to massive increase in consumption of energy resources that has direct impact on the operational cost of the enterprise.
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Some of the key players operating in the global smart office market include ABB Ltd., Cisco Systems, Inc., Crestron Electronics, Inc., Honeywell International Inc., Johnson Controls International PLC, Lutron Electronics Co. Inc., Philips Lighting Holding B.V., Miracle Group Inc., Siemens AG, Schneider Electric SA, Sensorsuite Inc., United Technologies Corporation, and others.
Detailed Segmentation:
• Global Smart Office Market, By Component:
o Software
o Hardware
o Services
• Global Smart Office Market, By Product Type:
o Smart Light
o Security Systems
o Energy Management Systems
o Audio-Video Conferencing Systems
• Global Smart Office Market, By Office Type:
o Retrofit Office
o New Construction Office
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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