Press release
Smart Office Market Increasing Demand with Key Players | United Technologies Corporation; Lutron Electronics Co., Inc; Crestron Electronics, Inc.; Signify Holding.; SensorSuite Inc.; and More
Smart Office Market
Global smart office market is set to witness a healthy CAGR of 13.24% in the forecast period to 2026. Emergence of cloud based environment of IoT platform and technological advancement are the factor for the market growth.
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Top Key Competitors: Siemens; Schneider Electric; Johnson Controls.; Honeywell International Inc; ABB; Cisco India Ltd.; United Technologies Corporation; Lutron Electronics Co., Inc; Crestron Electronics, Inc.; Signify Holding.; SensorSuite Inc.; Enlighted, Inc; Komstadt Systems Limited; Tata Teleservices Ltd.; Coor Service Management; Senion AB; König + Neurath AG; Smart Technologies; Avada; among others.
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Smart Office Market Drivers and Restraints:
Favourable government regulation is another factor uplifting the growth of the market
The need to control energy consumption effectively also acts as a market driver
Growing prevalence for automation and real time analytics will also propel the market growth
High investment cost will hamper the market growth
Problem associated with upgrading present system will also hinder the market growth
The report can answer the following questions:
This report provides an in-depth assessment of the Smart Office Market presented through sections such as:
Smart Office Market: Market Overview
Major Commercial Developments in the Industry
Market Trends and Dynamics of the Industry
Market Positioning of Major Market Players in the Industry
Current Market Scenario and Future Prospects of the Global Market
Competitive Landscape of the Market
Smart Office Market Revenue and Forecast by Technology, 2020-2026 ($ million)
Smart Office Market Revenue and Forecast by End-User, 2020-2026 ($ million)
Smart Office Market Revenue and Forecast by Geography, 2020-2026 ($ million)
Geographic Coverage
Smart Office Market Size and Forecast
Smart Office Market Size and Forecast
Smart Office Market on the basis of geography is divided into - North America, APAC, Europe, and Rest of the world. North America contributes a largest share in the global market, owing to the rapid development of sector in the US. However, Asia Pacific is expected to be the fastest growing market in the global market over the forecast period. This is mainly due to rapid urbanization and industrialization in the emerging economies of the region, especially in China and India.
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Key Developments in the Market:
In June 2019, Tata Teleservices Ltd. announced the launch of their smart office solution for the small medium enterprises. Smart Office is a groundbreaking single-box system designed to meet the business requirements of Information and Communication Technology (ICT). This new solution is cost effective and provides functionality of various devices such as data router, Wi-Fi router, firewall, and DHCP server
In April 2019, Exela Technologies, Inc. announced the launch of Exela Smart Office to meet the rising demand for automation. The platform will transform the leadership, procurement and delivery of the front office, resources and infrastructure, and offers on-demand services with linked apps to promote green initiatives and reduce waste. This will help the customer to streamline business workflow and provide the required visibility to maximize full-service operations
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