Smart Office Market Is Booming Worldwide | Leading Key Players -Johnson Controls International PLC, Cisco Systems Inc., United Technologies Corp.

A new business intelligence report released by MarketInsightsReports with the title “Smart Office Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)” is covering the micro-level of study by manufacturers and key business segments.

The report contains in-depth information on all the major aspects of the global Smart Office market. This report contains key information such as facts and figures, market research, market analysis, SWOT Analysis, risk analysis, competitive landscape, regional analysis and growth estimates. The report also contains qualitative and quantitative research which gives you a detailed overview of the global Smart Office market. This latest market research report contains an extensive analysis of micro and macroeconomic indicators affecting the development of the global market in the forecast period. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. 

The Smart Office market was valued at USD 33.53 billion in 2020 and is expected to reach USD 67.69 billion by 2026, at a CAGR of 13.6% over the forecast period 2021 - 2026. 

Covid-19 Impact and Recovery Analysis:

The global Smart Office market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

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Some of the Prominent Players in the Global Smart Office Market: Johnson Controls International PLC, Cisco Systems Inc., United Technologies Corp., among others.

Industry News and Updates:

- March 2020 - Signify announced the completion of the acquisition of Cooper Lighting Solutions from Eaton for USD 1.5 billion. With this acquisition, the company planned to focus on the innovation of connected lightings and systems. This is estimated to boost the revenue of the company in the North American market, with an aimed increase in revenues from 42% to 53%.
- June 2019 - Signify announced a new range of internet-transmitting Li-Fi lights, Truelifi. These lights are capable of transmitting data to devices, like laptops, at a speed of up to 150 Mbps, primarily using light waves, rather than the radio signals used by 4G or Wi-Fi.

Key Market Trends

Energy Management System Expected to Hold Largest Share

- The demand for smart office is expected to be driven by the growing adoption in the office spaces of large scale organizations. Solutions in this include automated smart plugs, load control switches, utility billing management (smart meters), personal energy management, data analysis and visualization, and auditing.
- The rising cognizance regarding a building's growing role in climate change is shifting investors and owners preferences, thus urging them to improve the performance of their buildings to stay competitive, specifically, in the commercial office segment. For instance, buildings in the United States consume nearly three-quarters of the countrys electricity, and are responsible for 39% of all greenhouse gas emissions.

Geographic Coverage:

The report offers an in-depth assessment of the growth and other aspects of the Smart Office market in important countries (regions), including:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The report provides insights on the following pointers:

-Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Smart Office market

-Market Development: Comprehensive information about lucrative markets - the report analyses the Smart Office market across varied regions

-Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Smart Office market 

-Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the Smart Office market

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

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