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Smart Office Market worth $118.08 billion by 2030, growing at a CAGR of 12.93% - Exclusive Report by 360iResearch
Smart Office Market | 360iResearch
The Global Smart Office Market to grow from USD 50.38 billion in 2023 to USD 118.08 billion by 2030, at a CAGR of 12.93%.
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A smart office encompasses several processes, including automation, optimization, and connectivity, enhancing a workplace's overall efficiency and productivity levels. This innovative approach to designing workspaces incorporates advanced technologies, such as Internet of Things(IoT) devices, AI-driven applications, and cloud-based solutions that facilitate seamless collaboration among employees and reduce energy consumption and operational costs. Furthermore, smart offices employ cutting-edge tools, such as virtual assistants and telepresence robots, to streamline communication and administrative tasks. These enable employees to prioritize their time effectively by automating repetitive processes such as scheduling meetings or answering routine inquiries. Several office places are increasingly deploying smart technology to boost employee productivity. However, the high capital requirements and installation complexities associated with smart office solutions may hinder the adoption of these smart solutions. Smart office technologies are constantly evolving to enhance productivity, improve collaboration, and optimize workspaces. New developments and increased levels of automation in smart office solutions are expected to provide growth potential for the market.
In the Americas, the adoption of smart office solutions is high due to the growing demand for energy-efficient systems and increasing focus on enhancing employee productivity. The Asia-Pacific region is expected to showcase potential growth in the coming years due to rapid urbanization, industrialization, and growing awareness about energy conservation. Countries such as China, Japan, South Korea, and India are investing heavily in smart building technologies to modernize their workspaces. In EMEA countries such as Germany, the United Kingdom (UK), France, and the United Arab Emirates (UAE), market penetration can be attributed to increasing government initiatives focused on green building guidelines and greater emphasis on employee well-being. Additionally, multinational companies operating within Europe are adopting these technologies at a rapid pace.
Market Segmentation & Coverage:
This research report categorizes the Smart Office Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Components, market is studied across Hardware, Services, and Solutions. The Hardware is further studied across Microcontrollers, Network Distribution Devices, Sensors & Detectors, and Video Surveillance Equipment. The Solutions is further studied across Audio Video Conferencing Systems, Energy Management Systems, Fire Safety Control System, Security Access Controls System, Smart HVAC Control System, and Smart Lighting. The Hardware commanded largest market share of 48.91% in 2023, followed by Solutions.
Based on Connectivity, market is studied across Wired and Wireless. The Wired commanded largest market share of 57.48% in 2023, followed by Wireless.
Based on Office Spaces, market is studied across Co-working Office Space, Creative Office Space, Executive Suite, Flex Space, and Traditional Office Space. The Executive Suite commanded largest market share of 28.08% in 2023, followed by Creative Office Space.
Based on Installation, market is studied across New Buildings and Retrofits. The New Buildings commanded largest market share of 66.06% in 2023, followed by Retrofits.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.62% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Smart Office Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Smart Office Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Smart Office Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amazon Web Services, Inc., Atos SE, Cisco Systems, Inc., Comcast Corporation, Coor Group, Crestron Electronics, Inc., Exela Technologies, Inc., Fujitsu Limited, General Electric Company, Honeywell International Inc., Huawei Technologies Co., Ltd., IDEX Biometrics ASA, Intel Corporation, International Business Machines Corporation, Johnson Controls International PLC, Komstadt Systems Limited, KoreLock, Inc., KPMG International Limited, König + Neurath AG, Legrand SA, Lenovo Group Limited, Leviton Manufacturing Co., Inc., LG Electronics, Lutron Electronics Co., Inc., Microsoft Corporation, NTT DATA Group Corporation, Panasonic Holdings Corporation, Planon Group B.V., PointGrab Inc., Robert Bosch GmbH, Schneider Electric SE, Serraview by Eptura, Inc., Siemens AG, Tata Tele Business Services, TD SYNNEX Corporation, and URVE Smart Office.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Smart Office Market, by Components
7. Smart Office Market, by Connectivity
8. Smart Office Market, by Office Spaces
9. Smart Office Market, by Installation
10. Americas Smart Office Market
11. Asia-Pacific Smart Office Market
12. Europe, Middle East & Africa Smart Office Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Smart Office Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Smart Office Market?
3. What is the competitive strategic window for opportunities in the Smart Office Market?
4. What are the technology trends and regulatory frameworks in the Smart Office Market?
5. What is the market share of the leading vendors in the Smart Office Market?
6. What modes and strategic moves are considered suitable for entering the Smart Office Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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