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2021
Smart Office Market

Smart Office Market By Offering (Hardware, Software, and Service), Product Type (Smart Lighting, Intelligent Security Systems, Energy Management Systems, Network Management Systems, Audio-Video Conferencing Systems, and Others), Connectivity Technology (Wireless Technologies and Wired Technologies), and End User (Commercial, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13723
Pages: 270
Sep 2021 | 117 Views
   
Author(s) : N N Kundan, Asavari Patil , Vineet Kumar
Tables: 89
Charts: 89
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Smart Office Market Outlook – 2030

The global smart office market size was valued at $31.37 billion in 2020, and is projected to reach $90.63 billion by 2030, registering a CAGR of 11.1% from 2021 to 2030. Smart office is a work environment where innovation empowers individuals to work better, quicker, and smarter. Sensors, electronic gadget, and versatile applications assist employees to perform tedious task quicker and better so they have sufficient opportunity to do other creative work in organizations.

The growth of the global smart office market is anticipated to be driven by factors such as rising need for safety & security systems at the workplace, advancement of IoT in smart office offerings, and surging demand for sensor-based networks for energy efficiency. In addition, favorable government regulations in several countries boost the overall market growth. However, complexity in upgrading and replacing the existing system acts as a major restraint of the global smart office industry. On the contrary, evolving cloud-based environment of IoT platforms is expected to create lucrative opportunities for the smart office industry.

Smart-Office-Market-2021-2030

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Segment Overview

The global smart office market is segmented into offering, product type, connectivity technology, end user, and region. By offering, the market is classified into hardware, software, and service. Depending on product type, it is categorized into smart lighting, intelligent security systems, energy management systems, network management systems, audio–video conferencing systems, and others. The connectivity technologies covered in the study include wireless technologies and wired technologies. On the basis of end user, the market is fragmented into commercial, residential, and industrial.

Smart Office Market
By Offering

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Software segment will grow at a highest CAGR of 12.3% during the forecast period

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Region-wise, the smart office market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Europe dominated the smart office market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth of the retail & hospitality sector. However, Asia-Pacific is expected to witness significant growth rate by the end of the forecast period, followed by Europe.

Leading smart office market manufacturers, such as Honeywell International Inc., Cisco Systems, Inc., and Siemens AG, are focusing on their investment on technologically advanced, cost-effective, and more secure products & solutions for various applications.

Smart Office Market
By Product Type

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Smart Lighting segment will generate the highest revenue during 2021 - 2030

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Top Impacting Factors

The prominent factors that impact the smart office market growth are increasing need for energy efficiency and supportive industry standards & regulations. In addition, growth of the IoT market and its application drives the smart office market. However, high initial investment restricts the market growth. On the contrary, the evolving market for smart cities is expected to create lucrative opportunities for the market. 

Smart Office Market
By Connectivity Technology

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Wireless segment will dominate the market with a highest CAGR of 11.5% during 2021 - 2030

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Competitive Analysis

Competitive analysis and profiles of the major smart office market players, such as ABB Ltd., Cisco Systems Inc., Harvatek Corporation, Honeywell International Inc., Johnson Controls International Plc, Legrand SA, Lutron Electronics Co. Inc., Philips Lighting Holding B.V. (Signify Holding), Schneider Electric S.E., and Siemens AG, have been covered in the report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Smart Office Market
By End User

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Commercial segment will maintain the lead throughout the forecast period

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COVID-19 Impact Analysis

The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain close in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufacturers to reach customers.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increasing panic among the customer segments.

Asian and European countries under lockdowns have suffered major loss of business and revenue due to shutdown of manufacturing units. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which further impacted the growth of the market.

In addition, the COVID-19 pandemic has impacted the electronics sector, as production facilities have stalled, which, in turn, boosted the demand for electronics and semiconductor products in industries. Its major impact includes large manufacturing interruption across Europe and interruption in Chinese parts exports, which may hinder the market growth.

Smart Office Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 13.2% during 2021 - 2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global smart office market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall smart office market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current smart office market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the smart office market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Smart Office Market Key Market Segments

By Offering

  • Hardware
  • Software
  • Service

By Product Type

  • Smart Lighting
    • Smart Bulbs
    • Fixtures
    • Lighting Controls
      • Led Drivers & Ballasts
      • Sensors
      • Switches
      • 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

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • ABB Ltd.
  • Cisco Systems Inc.
  • Harvatek Corporation
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Legrand SA
  • Lutron Electronics Co. Inc.
  • Philips Lighting Holding B.V. (Signify Holding)
  • Schneider Electric S.E.
  • Siemens AG
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.3.Patent analysis

3.3.1.Smart Office patent analysis, by region (2012-2021)
3.3.2.Smart Office patent analysis, by applicant

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in demand for smart office solutions for energy efficiency
3.4.1.2.Surge in demand for better commercial infrastructure
3.4.1.3.Rise in IoT market and its application

3.4.2.Restraint

3.4.2.1.High initial investment

3.4.3.Opportunities

3.4.3.1.Evolving market for smart cities

3.5.COVID-19 impact analysis

3.5.1.COVID-19 outbreak
3.5.2.Impact on market size
3.5.3.Parent industry impact
3.5.4.Key player strategies to tackle negative impact

3.5.4.1.Limiting cuts to R&D expense
3.5.4.2.Focusing on next-generation products
3.5.4.3.Shifting toward agile supply chain model

3.5.5.Opportunity window

CHAPTER 4:SMART OFFICE MARKET, BY OFFERING

4.1.Overview
4.2.Hardware

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Software

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Service

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:SMART OFFICE MARKET, BY PRODUCT TYPE

5.1.Overview
5.2.Smart Lighting

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.2.4.Market size and forecast, by Smart lighting type

5.2.4.1.Smart Bulbs
5.2.4.2.Market size and forecast, by region
5.2.4.3.Fixtures
5.2.4.4.Market size and forecast, by region
5.2.4.5.Lighting Controls
5.2.4.6.Market size and forecast, by region
5.2.4.7.Market size and forecast, by Lighting controls type

5.2.4.7.1.Led Drivers & Ballasts
5.2.4.7.2.Market size and forecast, by region
5.2.4.7.3.Sensors
5.2.4.7.4.Market size and forecast, by region
5.2.4.7.5.Switches
5.2.4.7.6.Market size and forecast, by region
5.2.4.7.7.Others
5.2.4.7.8.Market size and forecast, by region

5.3.Intelligent Security Systems

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Energy Management Systems

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Network Management Systems

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

5.6.Audio–Video Conferencing Systems

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country

5.7.Others

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market analysis, by country

CHAPTER 6:SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY

6.1.Overview
6.2.Wireless Technologies

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.2.4.Market size and forecast, by Wireless technologies type

6.2.4.1.Wi-Fi
6.2.4.2.Market size and forecast, by region
6.2.4.3.ZigBee
6.2.4.4.Market size and forecast, by region
6.2.4.5.Bluetooth/BLE
6.2.4.6.Market size and forecast, by region
6.2.4.7.Others
6.2.4.8.Market size and forecast, by region

6.3.Wired Technologies

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.3.4.Market size and forecast, by Wired Technologies type

6.3.4.1.Digital Addressable Lighting Interface (DALI)
6.3.4.2.Market size and forecast, by region
6.3.4.3.Power Line Communication (PLC)
6.3.4.4.Market size and forecast, by region
6.3.4.5.Others
6.3.4.6.Market size and forecast, by region

CHAPTER 7:SMART OFFICE MARKET, BY END USER

7.1.Overview
7.2.Commercial

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Residential

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Industrial

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

CHAPTER 8:SMART OFFICE MARKET, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by Offering
8.2.3.Market size and forecast, by Product Type
8.2.4.Market size and forecast, by Connectivity Technology
8.2.5.Market size and forecast, by End User
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by Offering
8.2.6.1.2.Market size and forecast, by Product Type
8.2.6.1.3.Market size and forecast, by Connectivity Technology
8.2.6.1.4.Market size and forecast, by End User

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by Offering
8.2.6.2.2.Market size and forecast, by Product Type
8.2.6.2.3.Market size and forecast, by Connectivity Technology
8.2.6.2.4.Market size and forecast, by End User

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by Offering
8.2.6.3.2.Market size and forecast, by Product Type
8.2.6.3.3.Market size and forecast, by Connectivity Technology
8.2.6.3.4.Market size and forecast, by End User

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by Offering
8.3.3.Market size and forecast, by Product Type
8.3.4.Market size and forecast, by Connectivity Technology
8.3.5.Market size and forecast, by End User
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by Offering
8.3.6.1.2.Market size and forecast, by Product Type
8.3.6.1.3.Market size and forecast, by Connectivity Technology
8.3.6.1.4.Market size and forecast, by End User

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by Offering
8.3.6.2.2.Market size and forecast, by Product Type
8.3.6.2.3.Market size and forecast, by Connectivity Technology
8.3.6.2.4.Market size and forecast, by End User

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by Offering
8.3.6.3.2.Market size and forecast, by Product Type
8.3.6.3.3.Market size and forecast, by Connectivity Technology
8.3.6.3.4.Market size and forecast, by End User

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by Offering
8.3.6.4.2.Market size and forecast, by Product Type
8.3.6.4.3.Market size and forecast, by Connectivity Technology
8.3.6.4.4.Market size and forecast, by End User

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by Offering
8.3.6.5.2.Market size and forecast, by Product Type
8.3.6.5.3.Market size and forecast, by Connectivity Technology
8.3.6.5.4.Market size and forecast, by End User

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by Offering
8.4.3.Market size and forecast, by Product Type
8.4.4.Market size and forecast, by Connectivity Technology
8.4.5.Market size and forecast, by End User
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by Offering
8.4.6.1.2.Market size and forecast, by Product Type
8.4.6.1.3.Market size and forecast, by Connectivity Technology
8.4.6.1.4.Market size and forecast, by End User

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by Offering
8.4.6.2.2.Market size and forecast, by Product Type
8.4.6.2.3.Market size and forecast, by Connectivity Technology
8.4.6.2.4.Market size and forecast, by End User

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by Offering
8.4.6.3.2.Market size and forecast, by Product Type
8.4.6.3.3.Market size and forecast, by Connectivity Technology
8.4.6.3.4.Market size and forecast, by End User

8.4.6.4.South Korea

8.4.6.4.1.Market size and forecast, by Offering
8.4.6.4.2.Market size and forecast, by Product Type
8.4.6.4.3.Market size and forecast, by Connectivity Technology
8.4.6.4.4.Market size and forecast, by End User

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by Offering
8.4.6.5.2.Market size and forecast, by Product Type
8.4.6.5.3.Market size and forecast, by Connectivity Technology
8.4.6.5.4.Market size and forecast, by End User

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by Offering
8.5.3.Market size and forecast, by Product Type
8.5.4.Market size and forecast, by Connectivity Technology
8.5.5.Market size and forecast, by End User
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by Offering
8.5.6.1.2.Market size and forecast, by Product Type
8.5.6.1.3.Market size and forecast, by Connectivity Technology
8.5.6.1.4.Market size and forecast, by End User

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by Offering
8.5.6.2.2.Market size and forecast, by Product Type
8.5.6.2.3.Market size and forecast, by Connectivity Technology
8.5.6.2.4.Market size and forecast, by End User

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by Offering
8.5.6.3.2.Market size and forecast, by Product Type
8.5.6.3.3.Market size and forecast, by Connectivity Technology
8.5.6.3.4.Market size and forecast, by End User

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market Player Positioning, 2021
9.2.Product Mapping of Top 10 Player
9.3.Competitive Dashboard
9.4.Competitive Heatmap
9.5.Key Developments

9.5.1.Product Launches

CHAPTER 10:COMPANY PROFILES

10.1.ABB LTD.

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.R&D expenditure
10.1.7.Business performance
10.1.8.Key strategic moves and developments

10.2.Cisco Systems, Inc.

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.R&D Expenditure
10.2.7.Business performance
10.2.8.Key strategic moves and developments

10.3.Harvatek Corporation

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.R&D expenditure
10.3.7.Business performance

10.4.Honeywell International Inc.

10.4.1.Company overview
10.4.2.Key executive
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.R&D expenditure
10.4.7.Business performance

10.5.JOHNSON CONTROLS INTERNATIONAL PLC

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.R&D expenditure
10.5.7.Business performance
10.5.8.Key strategic moves and developments

10.6.LEGRAND S.A.

10.6.1.Company overview
10.6.2.KEY EXECUTIVES
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments

10.7.LUTRON ELECTRONICS CO., INC.

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Product portfolio
10.7.4.Key strategic moves and developments

10.8.Philips Lighting Holding B.V. (Signify Holding)

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.R&D expenditure
10.8.7.Business performance
10.8.8.Key strategic moves and developments

10.9.SCHNEIDER ELECTRIC

10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Operating business segments
10.9.4.Product portfolio
10.9.5.R&D Expenditure
10.9.6.Business performance

10.10.Siemens AG

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.R&D Expenditure
10.10.7.Business performance

LIST OF TABLES

TABLE 01.GLOBAL SMART OFFICE MARKET, BY OFFERING, 2020-2030 ($MILLION)
TABLE 02.SMART OFFICE MARKET FOR HARDWARE, BY REGION, 2020–2030 ($MILLION)
TABLE 03.SMART OFFICE MARKET FOR SOFTWARE, BY REGION 2020–2030($MILLION)
TABLE 04.SMART OFFICE MARKET FOR SERVICE, BY REGION 2020–2030($MILLION)
TABLE 05.GLOBAL SMART OFFICE MARKET REVENUE, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 06.SMART OFFICE MARKET FOR SMART LIGHTING, BY REGION 2020–2030 ($MILLION)
TABLE 07.SMART OFFICE MARKET, BY SMART LIGHTING TYPE, 2020-2030 ($MILLION)
TABLE 08.SMART OFFICE MARKET FOR SMART BULBS, BY REGION, 2020–2030 ($MILLION)
TABLE 09.SMART OFFICE MARKET FOR FIXTURES, BY REGION, 2020–2030 ($MILLION)
TABLE 10.SMART OFFICE MARKET FOR LIGHTING CONTROLS, BY REGION, 2020–2030 ($MILLION)
TABLE 11.SMART OFFICE MARKET, BY LIGHTING CONTROLS, 2020-2030 ($MILLION)
TABLE 12.SMART OFFICE MARKET FOR LED DRIVERS & BALLASTS, BY REGION, 2020–2030 ($MILLION)
TABLE 13.SMART OFFICE MARKET FOR SENSORS, BY REGION, 2020–2030 ($MILLION)
TABLE 14.SMART OFFICE MARKET FOR SWITCHES, BY REGION, 2020–2030 ($MILLION)
TABLE 15.SMART OFFICE MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 16.SMART OFFICE MARKET FOR INTELLIGENT SECURITY SYSTEMS, BY REGION 2020–2030($MILLION)
TABLE 17.SMART OFFICE MARKET FOR ENERGY MANAGEMENT SYSTEMS, BY REGION 2020–2030($MILLION)
TABLE 18.SMART OFFICE MARKET FOR NETWORK MANAGEMENT SYSTEMS, BY REGION 2020–2030($MILLION)
TABLE 19.SMART OFFICE MARKET FOR AUDIO–VIDEO CONFERENCING SYSTEMS, BY REGION 2020–2030($MILLION)
TABLE 20.SMART OFFICE MARKET FOR OTHERS, BY REGION 2020–2030($MILLION)
TABLE 21.GLOBAL SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY, 2020-2030 ($MILLION)
TABLE 22.SMART OFFICE MARKET FOR WIRELESS TECHNOLOGIES, BY REGION, 2020–2030 ($MILLION)
TABLE 23.SMART OFFICE MARKET, BY WIRELESS TECHNOLOGIES, 2020-2030 ($MILLION)
TABLE 24.SMART OFFICE MARKET FOR WI-FI, BY REGION, 2020–2030 ($MILLION)
TABLE 25.SMART OFFICE MARKET FOR ZIGBEE, BY REGION, 2020–2030 ($MILLION)
TABLE 26.SMART OFFICE MARKET FOR BLUETOOTH/BLE, BY REGION, 2020–2030 ($MILLION)
TABLE 27.SMART OFFICE MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 28.SMART OFFICE MARKET FOR WIRED TECHNOLOGIES, BY REGION, 2020–2030 ($MILLION)
TABLE 29.SMART OFFICE MARKET, BY WIRED TECHNOLOGIES TYPE, 2020-2030 ($MILLION)
TABLE 30.SMART OFFICE MARKET FOR DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI), BY REGION, 2020–2030 ($MILLION)
TABLE 31.SMART OFFICE MARKET FOR POWER LINE COMMUNICATION (PLC), BY REGION, 2020–2030 ($MILLION)
TABLE 32.SMART OFFICE MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 33.GLOBAL SMART OFFICE MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 34.SMART OFFICE MARKET FOR COMMERCIAL, BY REGION 2020–2030 ($MILLION)
TABLE 35.SMART OFFICE MARKET FOR RESIDENTIAL, BY REGION 2020–2030 ($MILLION)
TABLE 36.SMART OFFICE MARKET FOR INDUSTRIAL, BY REGION 2020–2030 ($MILLION)
TABLE 37.NORTH AMERICA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 38.NORTH AMERICA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 39.NORTH AMERICA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 40.NORTH AMERICA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 41.U.S. SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 42.U.S. SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 43.U.S. SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 44.U.S. SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 45.CANADA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 46.CANADA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 47.CANADA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 48.CANADA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 49.MEXICO SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 50.MEXICO SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 51.MEXICO SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 52.MEXICO SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 53.EUROPE SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 54.EUROPE SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 55.EUROPE SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 56.EUROPE SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 57.UK SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 58.UK SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 59.UK SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 60.UK SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 61.GERMANY SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 62.GERMANY SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 63.GERMANY SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 64.GERMANY SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 65.FRANCE SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 66.FRANCE SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 67.FRANCE SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 68.FRANCE SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 69.ITALY SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 70.ITALY SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 71.ITALY SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 72.ITALY SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 73.REST OF EUROPE SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 74.REST OF EUROPE SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 75.REST OF EUROPE SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 76.REST OF EUROPE SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 77.ASIA-PACIFIC SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 78.ASIA-PACIFIC SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 79.ASIA-PACIFIC SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 80.ASIA-PACIFIC SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 81.CHINA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 82.CHINA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 83.CHINA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 84.CHINA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 85.JAPAN SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 86.JAPAN SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 87.JAPAN SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 88.JAPAN SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 89.INDIA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 90.INDIA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 91.INDIA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 92.INDIA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 93.SOUTH KOREA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 94.SOUTH KOREA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 95.SOUTH KOREA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 96.SOUTH KOREA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 97.REST OF ASIA-PACIFIC SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 98.REST OF ASIA-PACIFIC SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 99.REST OF ASIA-PACIFIC SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 100.REST OF ASIA-PACIFIC SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 101.LAMEA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 102.LAMEA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 103.LAMEA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 104.LAMEA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 105.LATIN AMERICA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 106.LATIN AMERICA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 107.LATIN AMERICA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 108.LATIN AMERICA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 109.MIDDLE EAST SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 110.MIDDLE EAST SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 111.MIDDLE EAST SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 112.MIDDLE EAST SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 113.AFRICA SMART OFFICE MARKET, BY OFFERING 2020-2030($MILLION)
TABLE 114.AFRICA SMART OFFICE MARKET, BY PRODUCT TYPE 2020-2030($MILLION)
TABLE 115.AFRICA SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY 2020-2030($MILLION)
TABLE 116.AFRICA SMART OFFICE MARKET, BY END USER 2020-2030($MILLION)
TABLE 117.KEY PRODUCT LAUNCHES (2018-2021)
TABLE 118.ABB LTD.:KEY EXECUTIVES
TABLE 119.ABB LTD.: COMPANY SNAPSHOT
TABLE 120.ABB LTD.: OPERATING SEGMENTS
TABLE 121.ABB LTD.: PRODUCT PORTFOLIO
TABLE 122.ABB LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123.CISCO SYSTEMS, INC.:KEY EXECUTIVES
TABLE 124.CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 125.CISCO SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 126.CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 127.CISCO SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128.HARVATEK CORPORATION:KEY EXECUTIVES
TABLE 129.HARVATEK CORPORATION: COMPANY SNAPSHOT
TABLE 130.HARVATEK CORPORATION: OPERATING SEGMENTS
TABLE 131.HARVATEK CORPORATION: PRODUCT PORTFOLIO
TABLE 132.HONEYWELL: KEY EXECUTIVE
TABLE 133.HONEYWELL: COMPANY SNAPSHOT
TABLE 134.HONEYWELL: OPERATING SEGMENTS
TABLE 135.HONEYWELL: PRODUCT PORTFOLIO
TABLE 136.JOHNSON CONTROLS INTERNATIONAL PLC:KEY EXECUTIVES
TABLE 137.JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT
TABLE 138.JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT CATEGORY
TABLE 139.JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT PORTFOLIO
TABLE 140.JOHNSON CONTROLS INTERNATIONAL PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 141.LEGERAND S.A.: COMPANY SNAPSHOT
TABLE 142.LEGRAND SA: PRODUCT PORTFOLIO
TABLE 143.LUTRON ELECTRONICS CO., INC: COMPANY SNAPSHOT
TABLE 144.LUTRON ELECTRONICS CO., INC: PRODUCT PORTFOLIO
TABLE 145.SIGNIFY HOLDING:KEY EXECUTIVES
TABLE 146.SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 147.SIGNIFY HOLDING: OPERATING SEGMENTS
TABLE 148.SIGNIFY HOLDING: PRODUCT PORTFOLIO
TABLE 149.SIGNIFY HOLDING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 150.SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 151.SCHNEIDER ELECTRIC.: OPERATING SEGMENTS
TABLE 152.SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 153.SIEMENS AG: KEY EXECUTIVES
TABLE 154.SIEMENS AG: COMPANY SNAPSHOT
TABLE 155.SIEMENS AG: OPERATING SEGMENTS
TABLE 156.SIEMENS AG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.EXECUTIVE SUMMARY
FIGURE 05.TOP IMPACTING FACTORS
FIGURE 06.TOP INVESTMENT POCKETS
FIGURE 07.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 08.MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE THREAT OF SUBSTITUTES
FIGURE 10.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 11.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 12.PATENT ANALYSIS, BY REGION
FIGURE 13.PATENT ANALYSIS, BY APPLICANT
FIGURE 14.GLOBAL SMART OFFICE MARKET, BY OFFERING, 2020-2030
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR HARDWARE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR SOFTWARE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR SERVICE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.GLOBAL SMART OFFICE MARKET, BY PRODUCT TYPE, 2020-2030
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR SMART LIGHTING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR INTELLIGENT SECURITY SYSTEMS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR ENERGY MANAGEMENT SYSTEMS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR NETWORK MANAGEMENT SYSTEMS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR AUDIO–VIDEO CONFERENCING SYSTEMS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.GLOBAL SMART OFFICE MARKET, BY CONNECTIVITY TECHNOLOGY, 2020-2030
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR WIRELESS TECHNOLOGIES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR WIRED TECHNOLOGIES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.GLOBAL SMART OFFICE MARKET, BY END USER, 2020-2030
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR COMMERCIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR RESIDENTIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF SMART OFFICE MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 32.GLOBAL SMART OFFICE MARKET, BY REGION, 2020-2030
FIGURE 33.NORTH AMERICA SMART OFFICE MARKET, BY COUNTRY, 2020-2030
FIGURE 34.U.S. SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 35.CANADA SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 36.MEXICO SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 37.EUROPE SMART OFFICE MARKET, BY COUNTRY, 2020-2030
FIGURE 38.UK SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 39.GERMANY SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 40.FRANCE SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 41.ITALY SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 42.REST OF EUROPE SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 43.ASIA-PACIFIC SMART OFFICE MARKET, BY COUNTRY, 2020-2030
FIGURE 44.CHINA SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 45.JAPAN SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 46.INDIA SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 47.SOUTH KOREA SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 48.REST OF ASIA-PACIFIC SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 49.LAMEA SMART OFFICE MARKET, BY COUNTRY, 2020-2030
FIGURE 50.LATIN AMERICA SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 51.MIDDLE EAST SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 52.AFRICA SMART OFFICE MARKET, 2020-2030 ($MILLION)
FIGURE 53.MARKET PLAYER POSITIONING, 2021
FIGURE 54.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 55.COMPETITIVE DASHBOARD
FIGURE 56.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 57.ABB LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 58.ABB LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 59.ABB LTD.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 60.ABB LTD.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 61.CISCO SYSTEMS, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 62.CISCO SYSTEMS, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 63.CISCO SYSTEMS, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 64.CISCO SYSTEMS, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 65.HARVATEK CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 66.HARVATEK CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 67.HARVATEK CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 68.HONEYWELL: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 69.HONEYWELL: NET SALES, 2018–2020 ($MILLION)
FIGURE 70.HONEYWELL: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 71.HONEYWELL: REVENUE SHARE, BY GEOGRAPHY, 2020 (%)
FIGURE 72.JOHNSON CONTROLS INTERNATIONAL PLC: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 73.JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 74.JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 75.LEGERAND SA: REVENUE, 2018-2020 ($MILLION)
FIGURE 76.LEGRAND SA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 77.LEGRAND: KEY MARKET STRATEGIES
FIGURE 78.SIGNIFY HOLDING: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 79.SIGNIFY HOLDING: REVENUE, 2018–2020 ($MILLION)
FIGURE 80.SIGNIFY HOLDING: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 81.SIGNIFY HOLDING: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 82.R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 83.SCHNEIDER ELECTRIC SE: NET SALES, 2016–2018 ($MILLION)
FIGURE 84.SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 85.SCHNEIDER ELECTRIC SE: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 86.SIEMENS AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 87.SIEMENS AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 88.SIEMENS AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 89.SIEMENS AG: REVENUE SHARE, BY REGION, 2020 (%)

 
 

The global smart office market is flourishing at a rapid pace. However, high initial investment is still a concern for new entrants. Market players are generously investing in R&D activities to develop improved components to reduce overall costs of smart office products. According to industry experts, it is essential to optimize affordable prices for smart office products for long-term growth.

The growth of the global smart office market is anticipated to be driven by factors such as rising need for safety & security systems at the workplace, advancement of IoT in smart office offerings, and surging demand for sensor-based networks for energy efficiency. In addition, favorable government regulations in several countries boost the overall market growth. However, complexity in upgrading and replacing the existing system acts as a major restraint of the global smart office industry. On the contrary, evolving cloud-based environment of IoT platforms is expected to create lucrative opportunities for the smart office industry.

The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Business expansion and product launch are expected to be the prominent strategies adopted by the market players. Europe accounted for a major share of the market in 2020, owing to the presence of major players in the region. However, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of smart office in a variety of fields.

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A. The Smart Office Market is estimated to grow at a CAGR of 11.1% from 2021 to 2030.

A. The Smart Office Market is projected to reach $90.63 billion by 2030.

A. To get the latest version of sample report

A. Increasing need for energy efficiency, and supportive industry standards & regulations etc. boost the Smart Office market growth.

A. The key players profiled in the report include ABB Ltd., Cisco Systems Inc., Harvatek Corporation, Honeywell International Inc., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Smart Office Market is segmented on the basis of offering, product type, connectivity technology, end user, and region.

A. The key growth strategies of Smart Office market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Asia-Pacific region would grow at a highest CAGR of 13.2% during the forecast period.

A. Smart Lighting segment will dominate the market by the end of 2030.

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