Smart Office Market 2019: Will Provide Sustainable Growth in Near Future | Emerging Opportunity by Leading Companies ABB, Cisco Systems, Honeywell, Johnson Controls, Lutron Electronics, Siemens, Schneider Electric
A smart office is any structure that uses automated processes to automatically control the building’s operations including heating, ventilation, air conditioning, lighting, security and other systems. Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices.
The main objectives of Smart Office Market study are as follows:
- To define, describe, and forecast the smart office market based on product, software & service, office type, and geography
- To forecast the size of the market segments with regard to four main geographies (along with countries): The Americas, Europe, Asia Pacific, and Rest of the World
- To describe the communication technology for smart office
- To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and winning imperatives)
- To strategically analyze the micromarkets with regard to individual growth trends, prospects, and contribution to the total market
- To analyze the opportunities in the market for stakeholders and detail the competitive landscape of the market leaders
- To benchmark the players in the market using proprietary microquadrant framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
- To analyze the competitive developments such as mergers and acquisitions, partnerships, agreements, product launches, and R&D activities in the smart office market
- To strategically profile key players and core competencies
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Increasing need for incorporating security devices, such as cameras and electronic locks, in offices has opened doors for numerous growth opportunities in the market. The growth of the market is driven by various factors, such as increase in demand for smart office solutions and sensor networks for energy efficiency, advancement of IoT in smart office offerings, growing need for safety and security systems at the workplace, and favorable government regulations in several countries. However, high cost of renovation is a restraint for smart office market growth.
Top Companies profiled in this report:
1. ABB Ltd.
2. Cisco Systems Inc.
3. Honeywell International
4. Johnson Controls
5. Lutron Electronics Co. Inc.
7. Schneider Electric
8. United Technologies Corporation
9. Crestron Electronics Inc.
10. Philips Lighting
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart Office market based on type and components. It also provides market size and forecast till 2025 for overall Smart Office market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
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The global smart office market, in this research report, has been segmented by product, software & service, office type, and geography.
Smart Office Market, by Product
- Smart Lighting/Lighting Controls
- Security Systems
- Energy Management Systems
- HVAC Control SystemsControl Valves
- Audio–Video Conferencing Systems
Smart Office Market, by Software & Service
Smart Office Market, by Office Type
- Retrofit Offices
- New Construction Offices
Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the “Smart Office” market.
- Key market trends cracking up the growth of the “Smart Office” market.
- Challenges to market growth.
- Key vendors of “Smart Office” market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global “Smart Office” market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.