Smart and connected office is a technologically integrated office whereby all the working processes in an organization are made simpler and flexible by extensive use of network based devices. Such integration enables the employees in performing their office tasks efficiently and enables the organizations in generating revenues by coordinating the various functions and reducing the power consumption by implementing eco-friendly processes. Over the traditional office systems, smart and connected office concepts effectively address data security issues, delays in performing various tasks and forgery.
 
On the basis of building types, smart and connected office market is segmented into new buildings and retrofit buildings. On the basis of solution type, the smart and connected offices is segmented into smart HVAC control systems, fire and safety control systems, audio and video conferencing systems, energy management systems, security and access control systems, smart lighting systems and others. Smart HVAC control systems include smart thermostats, pumps and fans, actuators, dampers, heating and cooling coils, control valves and sensors. The fire and safety control systems include fire security, emergency response systems and others. The audio and video conferencing systems include touch screens and keypads, multimedia room controllers, home theatre systems and audio and volume controls. The energy management systems include smart meters and smart appliances. The security and access control systems include card based systems, biometric systems, surveillance cameras and intrusion alarm systems. The smart lighting systems comprises transmitters, receivers, dimming and switching actuators, controllable breakers, relays and occupancy sensors. On the basis of communication protocols, the smart and connected office market is segmented into Modbus, KNX/EIB, LonWorks (local operating network), Zigbee, BACnet, Nema and DALI (Digital Addressable Lighting Interface).
 
Increasing work-on-the-go culture and Bring your Own Device (BYOD) is one of the major factors that are fuelling the growth of smart and connected offices market. Now-a-days business enterprises are promoting the use of mobile devices so as to permit employees in carrying out various tasks such as accessing emails and managing official documents while on the move. This enhances employee satisfaction rate and increases productivity. The smart and connected offices concept is able to integrate such devices and provides real-time data for faster decision making. Stiff competition among the companies to adopt high innovation concepts is another factor contributing the growth of smart and connected offices market. To be competitively ahead, many companies are adopting the concept of smart and connected offices to respond to the needs of employees and keep a track of them. The proliferation of the internet economy with increasing bandwidths has further contributed to the smart offices concept by integrating smart phones and tablets for efficiently carrying out different tasks.
 
However, one of the major restraints affecting the growth of smart and connected offices concept is the security risks that are associated with hand-held devices. There is a high possibility of unauthorized access where the users enter without abiding by the company policies and procedures. Another restraint is that such concepts are associated with huge financial investments. When business organizations invest in such technologies, they expect a considerable amount of returns. In some cases the returns are not fully realized due to the unwillingness of the employees to adapt to such systems. Since smart offices are a long term investment, smaller business organizations are reluctant to initiate such investments.
 
To increase revenues and cater to the increasing demand of smart offices, the major players in this market are further penetrating the market by expanding their business operations. For instance, Crestron Electronics, Inc., one of the major players in this market, recently opened their regional office in Dubai. The other players in the market include United Technologies Corporation, Siemens AG, Johnson Controls, Inc. and Honeywell International Inc.
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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