Global Smart Space Market: Industry Outlook, Growth Prospects, Key Opportunities, Size, Share And Latest Trends Forecast To 2031

The global smart space market report by the business research company identifies green building initiatives and environmental concerns to be a major growth driver for the smart space market. A green or sustainable building is a building that maintains or improves the quality of life of the environment in which it is located. These buildings rely on smart technology that is incorporated into the entire system to improve the building's performance and functionalities. These technologies not only store data but also analyze it and deliver relevant results. For instance, according to Financial Express, an India-based newspaper, by 2022, India's green building market will have doubled, reaching 10 billion square feet with a value of USD 35-50 billion.

The global smart space market size is expected to grow from $14.66 billion in 2021 to $17.24 billion in 2022 at a compound annual growth rate (CAGR) of 17.6%. The global smart space market size is expected to grow to $29.04 billion in 2026 at a CAGR of 13.9%.

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North America was the largest region in the smart space market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global smart space market during the forecast period. The regions covered in the global smart space market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the smart space market are Cisco Systems Inc., Microsoft Corporation, Eutech Cybernetic Pte. Ltd, Hitachi Vantara Corporation, Huawei Technologies Co. Ltd, International Business Machines Corporation (IBM), Schneider Electric SE, Siemens AG, SmartSpace Software Plc, Spacewell, ABB, Adappt, Ubisense, Smarten Space, and Avnet Inc. (Softweb Solutions Inc.).

The global smart space market is segmented -
1) By Component: Hardware, Software, Services
2) By Space Type: Smart Indoor Space, Smart Outdoor Space
3) By Application: Energy Management and Optimization, Layout and Space management, Emergency & Disaster Management, Security Management, Others
4) By Industry: Banking, Financial Services and Insurance (BFSI), Retail and E-Commerce, Government, Media and Entertainment, Food and Beverages, Healthcare, Automotive, Others

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The Smart Space Market Report Contents Include
1. Executive Summary
2. Smart Space Market Characteristics
3. Smart Space Market Trends And Strategies
4. Impact Of COVID-19 On Smart Space
5. Smart Space Market Size And Growth
....
27. Smart Space Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Space Market
29. Smart Space Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the smart space market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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