Press release
Smart Space Market 2021 Highlights Recent Trends, Market Growth, Business Opportunities till 2026
The Smart Space Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Smart Space market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Smart Space market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Smart Space market.The smart space market is expected to witness a CAGR of 18.4% over the forecast period (2021 - 2026).
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Top Leading Companies of Smart Space Market are - ABB Ltd, Siemens AG, Adappt Intelligence Inc., Spacewell Faseas (Nemetschek Group), Cisco Systems Inc., ICONICS Inc., Ubisense Limited, Hitachi Vantara Corporation, SmartSpace Software PLC, Microsoft Corporation and others.
Industry News and Updates:
- May 2019 - Spacewell released a new service app, Work Assistant for cleaning, which is a mobile touchpoint of its Cobundu smart building platform. Work Assistant supports service providers to deliver activity-based services, based on live IoT-data. Work orders can be created in a variety of ways, for instance, through sensor triggers, user feedback, help desk tickets, and service scheduling.
- Apr 2019 - DVI Communications partnered with Spacewell, to offer advanced smart building services to the US market. The long-term partnership will allow DVI to introduce Spacewell’s smart building solutions to a growing number of US businesses.
Key Market Trends:
Commercial Segment Estimated to Hold the Largest Market Share
- The commercial segment comprises office spaces, hotels, hospitals, malls, shopping complexes, and restaurants, among others. These organizations with the help of smart space solutions can monitor costs and revenue, develop business plans, and redefine financial goals.
- For instance, Adappt, an Indian smart space solution company, is able to redefine the way organizations are adapting their workplace assets by using an integrated systems approach. The Adappt Cognitive Premise solution provides analytics, control, applications, and optimization to tailor each organization workplace according to its unique personality.
- The companies are looking forward to expanding their business footprint across different geographical region. This is one of the major factors contributing to the growth of the smart space market over the forecast period.
By Type:
Solutions
Services
By Application:
Commercial
Residential
Regional Analysis:
Europe is Expected to Hold a Significant Market Share
- The Northwest European region faces a great challenge, due to a shift toward a low carbon footprint economy. Municipalities play a pivotal role, as they account for 70% of the NWE energy consumption and CO2 emission. Especially, standard public street lighting accounts for approximately 30% of municipalities total electricity consumption.
- Smart space solution aims to promote the usage of smart lighting in small-/mid-size municipalities, along with the sensors attached to light poles. With this arrangement, energy efficiency can be enhanced, CO2 emissions can be reduced, and street lighting can be adjusted as per requirements. This could augment the growth of the smart space market across the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Smart Space Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Space Market (%),2016 - 2026
- Smart Space Market Share, By Brand
- Smart Space Market Share, By Company
- Smart Space Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Space Market Value Analysis & Forecast
- Promising Smart Space Development by Major Companies
- Detailed Smart Space Portfolio of the Major Companies
- Major Deals in the Smart Space Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592595/smart-space-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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