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GCC Smart Space Management Systems Market is likely to grow at a CAGR of 10.2% during 2021-26

06-11-2021 09:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarkNtel Advisors LLP

GCC Smart Space Management Systems Market is likely to grow at

According to the MarkNtel Advisors’ research report, “GCC Smart Space Management Systems Market Analysis, 2021,” the market shall grow at a CAGR of 10.2% in the forecast period of 2021-26 due to the increasing adoption of technologically advanced products to be used by residential & commercial end-users. These factors shall further drive the GCC Smart Space Market in the forecast period.

Key questions answered in the study
1. What are the current and future trends in GCC Smart Space Management Systems Market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for GCC Smart Space Management Systems Market?
5. What is the customer orientation, purchase behavior, and expectations from the GCC Smart Space Management Systems Market service provider across various countries?

Get the sample copy of the market analysis report:

Impact of Covid-19
The Covid-19 outbreak has impacted almost every industry, including the Smart space market. Post-Covid-19, companies have opted for the Work-From-Home model, which raises the need for residential premises. The Smart space merchants in the GCC are more actively supporting end-users in guarding the physical environment. It has produced an increased demand for security management solutions. With the upliftment of restrictions from cities of the country, multiple firms in the sector are likely to experience a drop in the demand for Smart space & building solutions, leading to diminished earnings for the next two quarters.

Energy Management & Optimization to Dominate with the Largest Market Share
Based on the Application, the Energy Management & Optimization segment dominated the overall Smart space market in recent years and is likely to continue with the highest market share in the forecast years. The increasing need for an effective administration of energy sources and the rising number of Smart lighting systems are crucial factors likely to help the segment attain the largest market share in the forecast years.

“GCC Smart Space Management Systems Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Smart Space Management Systems providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

For detailed analysis:

According to MarkNtel Advisors, the leading players in the GCC Smart Space Management Systems Market are IBM, ABB, Siemens, Hitachi Vantara, Condeco, Sauter Controls, Infosys, Smart Space Global, Cisco, Oracle.

Market Segmentation:
1. By Component (Software, Hardware)
2. By Solution (Software Integration Solution, Architectural & Design Solutions)
3. By Solution Application (Energy Utilization Management, Security & Surveillance Management, Emergency & Disaster Management, Others)
4. By Services (Consultation, Deployment & Integration, Support & Maintenance)
5. By End-Users (Official Spaces, Commercial Spaces, Residential Spaces)
6. By Countries (UAE, Saudi Arabia, Qatar, Bahrain, Oman, Kuwait)
7. By Competitors (IBM, ABB, Siemens, Hitachi Vantara, Condeco, Sauter Controls, Infosys, Smart Space Global, Cisco, Oracle)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Tel: +1613-707-5086

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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