Smart Office Market | Contrive Datum Insights

The global Smart Office Market size is US$31.37 billion in 2022 and is expected to reach US$90.63 billion by 2030, with a compound annual growth rate of 11.1% from 2022 to 2030.

Smart Office Market Overview

Smart office technology achieves remarkable results in terms of efficiency as it enables the digitization and automation of systems and products. For example, with the help of beacons, employees can be automatically detected and registered in the time attendance system when they enter or leave the premises, respectively. Owing to the increasing adoption of smart offices, the working environment in offices is expected to improve in terms of occupant comfort and energy usage efficiency. Smart features such as continuous monitoring and control of temperature, humidity, and light help improve the management of smart devices and provide employers with a connected experience, which is expected to increase employee satisfaction.
Additionally, due to better connectivity and the amount of data generated in IoT-enabled offices, employers have the opportunity to optimize their operations and pay more attention to employee health and productivity. Both increased internet accessibility and the growing ubiquity of connected devices are driving the growth of IoT-enabled offices.

The Smart Office Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Smart Office market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players:

Siemens AG (Germany), Schneider Electric SA (France), Johnson Controls International PLC (US), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Cisco Systems, Inc. (US), United Technologies Corporation (US), Lutron Electronics Co. Inc. (US), Crestron Electronics, Inc. (US), Philips Lighting Holding B.V (Netherlands)

Industry Development:

• In May 2019, Johnson Controls (USA) partnered with Evoteq (UAE) to launch an end-to-end integrated AI platform for smart buildings and districts by combining their capabilities.
• In May 2018, Siemens AG (Germany) strengthened its position in the smart office market with the acquisition of J2 Innovations (USA), a leading software provider for building automation and IoT.

What are the major Applications, Types, and Regions for the Smart Office Market?

By Offering

• Hardware
• Software
• Service

By Product Type

• Smart Lighting
• Smart Bulbs
• Fixtures
  1. Lighting Controls
  2. Led Drivers & Ballasts
  3. Sensors
  4. Switches
  5. Others
• Intelligent Security Systems
• Energy Management Systems
• Network Management Systems
• Audio-Video Conferencing Systems
• Others

By Connectivity Technology

• Wireless Technologies
• Wi-Fi
• ZigBee
• Bluetooth/BLE
• Others

Wired Technologies

• Digital Addressable Lighting Interface (DALI)
• Power Line Communication (PLC)
• Others

By End User

• Commercial
• Residential
• Industrial

The North America region is expected to dominate the market over the next eight years owing to its large customer base and established manufacturers. The region recorded the highest revenue in 2016 and is projected to grow at a CAGR of over 10% from 2017 to 2025.
Due to the presence of developing economies such as China and India, the growth in Asia Pacific is expected to undergo a significant shift, registering a CAGR of over 19% during the forecast period. The growth of the service sector in these economies is expected to lead to an increase in the number of offices in the region, which is expected to create a need to set up smart offices over the forecast period.
The South American market is also expected to witness significant growth over the forecast period. Various factors such as rising internet and wireless network penetration are expected to drive the regional market for smart offices.

Geographically, the global Smart Office market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The Global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Smart Office Market Report Scope:

Frequently Asked Questions (FAQ) about the Smart Office market:

What is the CAGR of the global Smart Office market?

The Smart Office Market is growing at a CAGR of 11.1% during the forecast period.

Which region would offer high growth for vendors in the Smart Office market?

The North America region is expected to dominate the market over the next eight years owing to its large customer base and established manufacturers.

Which Is the Most potential market segment?

By Offering

• Hardware
• Software
• Service

By Product Type

• Smart Lighting
• Smart Bulbs
• Fixtures
  1. Lighting Controls
  2. Led Drivers & Ballasts
  3. Sensors
  4. Switches
  5. Others
• Intelligent Security Systems
• Energy Management Systems
• Network Management Systems
• Audio-Video Conferencing Systems
• Others

Which are the top industry players in the Smart Office market?

Siemens AG (Germany), Schneider Electric SA (France), Johnson Controls International PLC (US), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Cisco Systems, Inc. (US), United Technologies Corporation (US), Lutron Electronics Co. Inc. (US), Crestron Electronics, Inc. (US), Philips Lighting Holding B.V (Netherlands)