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Smart Offices Market Post-Huge Revenue In The Near Future
Smart Offices
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The global smart offices market was valued at US$ 30,565.7 Mn in 2017, and is projected to reach US$ 85,393.3 Mn by 2026, exhibiting a CAGR of 12.2% over the forecast period. Some of the major players operating in the global smart offices 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., and United Technologies Corporation.
Various smart structure initiatives by government are expected to create lucrative opportunities for vendor in the global market. For instance, Malaysian government implemented a Green Project, which is expected to propel demand for smart infrastructure, in turn driving growth of the smart office market.
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