Press release
Smart Workplace Market Insight 2024 : Global Opportunity Analysis and Industry Forecast
Smart workplace market is driven by the need of energy savings at the workplace, better productivity by using new technologies tools for data storing and communications, reduce cost, and make optimum use of resources available at workplace. The increasing demand for flexibility in working and agility in business is another factor, which is driving the market for smart workplace. Teleworking trend is also surging the adoption of smart workplace as it saves time of the employees commuting from home to workplace and can utilize that time working from home. Penetration of artificial intelligence, machine learning, and data analytics in the smart offices is propelling the growth of smart workplace market.
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A smart workplace is a workplace where technology integrates with solutions to enable people to work better, faster, and smarter. Beacons, sensors, and mobile apps help employees perform menial tasks better and faster, providing them enough time to focus on growing businesses and innovating. Furthermore, in a smart workplace, technology helps people to communicate better. For instance, sensors can tell if a person is in the building, where exactly they are at any given moment and even if a certain conference room is booked and for how long. Advantages of smart workplace are it attracts and retains staff, creates a collaborative culture, provides a better customer service, unites workforce, captures business IP, boosts customer privacy, cuts costs structure, and breaks down data silos.
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Smart Workplace Market is segmented on the basis of component, deployment, product, office types, organisation size, , communication technology, industry vertical, and region.
● By Component
Solution
Service
● By Deployment Mode
On-Premises
Cloud
● By Product
Smart Lighting
Security Systems
Energy Management Systems
HVAC Control Systems
● By Office Type
Retrofit Offices
New Construction Offices
● By Communication Technology
Wireless Technologies
Wired Technologies
● By Organization Size
Small- & Medium-sized Enterprises
Large Enterprises
● By Industry Vertical
BFSI
Healthcare & Life Sciences
Telecommunications & IT
Government & Public Sector
Manufacturing
Consumer Goods & Retail
Media & Entertainment
Others
● By Region
North America (U.S., Canada)
Europe (France, Germany, Italy, Spain, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Leading players of the global platform as a service market analyzed in the research include ABB Ltd., Honeywell International Inc., Cisco Systems Inc., Johnson Controls International PLC, United Technologies Corporation., Siemens AG, Lutron Electronics Co. Inc., Philips Lighting Holding B.V., Schneider Electric S.A., Crestron Electronics, Inc..
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Impact of COVID-19 on Smart Workplace Market:
● Organizations are currently experiencing precipitous decline in demand for their products or services, forcing them to consider the warehousing and logistics end of their operations, and to take a hard look at core services.
● Teleworking is currently the work mode of choice for many companies wanting to maintain operations in the face of the new coronavirus.
● Smart/digital workplaces need huge investment initially. This may reduce the adoption of smart/digital workplace for the time being due to the economic depression brought about by COVID-19.
● Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
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