Global Smart Office Market: Overview

The report details an exhaustive account of the global smart office market along with numerous associated factors. Some of these factors that are included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist as a valuable insight to businesses which are already operating in the global smart office market, as well for those who intend to newly establish themselves in this environment.

Global Smart Office Market: Key Trends and Drivers

With rapidly growing urbanization and industrialization, a rising demand for efficient corporate and other similar workplaces is occurring. This is a significant factor driving growth in the smart office market. Moreover, the number of businesses all over the world is witnessing a rise too, mainly due an increased production in different types of technologies. This coupled with a briskly mushrooming use of devices such as smartphones, laptops, and tablets in workplaces, too stokes growth in the global smart office market. In addition, with rapidly increasing construction activities, the global smart office market is increasingly benefiting in terms of expansion. This is due to the fact that most new companies are turning towards use of high-tech processes in order to get results in a faster and more efficient manner. With numerous companies pouring huge investments to improve their services provided in to set up smart offices, the relevant market is expected to grow with leaps and bounds in the near future.

Global Smart Office Market: Geographical Outlook

This market is mainly spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these, a strong construction industry in North America coupled with rising adoption of smart devices has made the region hold a leading position in the global smart office market. Apart from North America, a predominance of initiatives to maximize efficiency by using high-tech processes in corporate and workplace structures in Europe makes this region come runners-up in the market. However, with a rapidly increasing population in leading economies of Asia Pacific such as China, India, Malaysia, and others, construction companies are rapidly getting proliferated in the region. This consequently has increased the demand of improved office requirement for different purposes.

Global Smart Office Market: Competitive Landscape

This market depicts the presence of a highly competitive vendor landscape owing to the presence of both new players as well as well-established companies. Most players are focusing on improving their product quality, facilitating product upgrades, and participating in mergers & acquisitions and partnerships, to improve their stance in the smart office market. With the number of players expected to increase in the market, the competition is likely to further intensify. Honeywell International, Inc., ABB Ltd., Cisco Systems, Johnson Controls International PLC, Crestron Electronics, Inc., Siemens AG, Lutron Electronics Co., Inc., and United Technologies Corporation, are key players operating in the global smart office market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.