Smart Office Market by Components (Hardware, Solutions), Connectivity (Wired, Wireless), Office Spaces, Building Type - Global Forecast 2023-2030
The Smart Office Market size was estimated at USD 43.52 billion in 2022 and expected to reach USD 48.57 billion in 2023, at a CAGR 12.76% to reach USD 113.83 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Smart Office Market.
- Based on Components, market is studied across Hardware and Solutions. The Hardware is further studied across Microcontrollers, Network Distribution Devices, Sensors & Detectors, and Video Surveillance Equipment. The Solutions is further studied across Audio Video Conferencing Systems, Energy Management Systems, Fire Safety Control System, Security Access Controls System, Smart HVAC Control System, and Smart Lighting. The Solutions is projected to witness significant market share during forecast period.
- Based on Connectivity, market is studied across Wired and Wireless. The Wireless is projected to witness significant market share during forecast period.
- Based on Office Spaces, market is studied across Co-working Office Space, Creative Office Space, Executive Suite, Flex Space, and Traditional Office Space. The Executive Suite is projected to witness significant market share during forecast period.
- Based on Building Type, market is studied across New Buildings and Retrofits. The Retrofits is projected to witness significant market share during forecast period.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Smart Office Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Smart Office Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Smart Office Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Accenture PLC, Amazon Web Services, Inc., Atos SE, Cisco Systems, Inc., Comcast Corporation, Coor Group, Crestron Electronics, Inc., Exela Technologies, Inc., Fujitsu Limited, General Electric Company, Honeywell International Inc., Huawei Technologies Co., Ltd., IDEX Biometrics ASA, Intel Corporation, International Business Machines Corporation, Johnson Controls International PLC, Komstadt Systems Limited, KoreLock, Inc., KPMG International Limited, König + Neurath AG, Legrand SA, Lenovo Group Limited, Leviton Manufacturing Co., Inc., LG Electronics, Lutron Electronics Co., Inc., Microsoft Corporation, Panasonic Holdings Corporation, PointGrab Inc., Robert Bosch GmbH, Schneider Electric SE, Serraview, Siemens AG, Tata Tele Business Services, TD SYNNEX Corporation, and URVE Smart Office.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Smart Office Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Smart Office Market?
- What is the competitive strategic window for identifying opportunities in the Smart Office Market?
- What are the latest technology trends and regulatory frameworks in the Smart Office Market?
- What is the market share of the leading vendors in the Smart Office Market?
- Which modes and strategic moves are suitable for entering the Smart Office Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Smart Office Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increase in demand for smart office infrastructure to boost employee productivity
- 5.1.1.2. Rise in demand for enhanced security solutions in offices
- 5.1.1.3. Inclination to adopt energy-saving smart solutions at offices
- 5.1.2. Restraints
- 5.1.2.1. High initial costs, maintenance, and complexity in replacing or upgrading the existing system
- 5.1.3. Opportunities
- 5.1.3.1. Growing focus toward workplace analytics
- 5.1.3.2. Innovation in smart solutions for office utilities
- 5.1.4. Challenges
- 5.1.4.1. Risk of cyber attacks and security issues related to smart office
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Energy-efficient building plans and robust competition among players augment the market growth in the Americas region
- 5.3.2. Deployment of advanced technologies and rise in new construction of office spaces in APAC region
- 5.3.3. Favorable government initiatives for sustainability coupled with the rapid development of smart cities in the EMEA region
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Smart Office Market, by Components
- 6.1. Introduction
- 6.2. Hardware
- 6.3.1. Microcontrollers
- 6.3.2. Network Distribution Devices
- 6.3.3. Sensors & Detectors
- 6.3.4. Video Surveillance Equipment
- 6.3. Solutions
- 6.4.1. Audio Video Conferencing Systems
- 6.4.2. Energy Management Systems
- 6.4.3. Fire Safety Control System
- 6.4.4. Security Access Controls System
- 6.4.5. Smart HVAC Control System
- 6.4.6. Smart Lighting
- 7. Smart Office Market, by Connectivity
- 7.1. Introduction
- 7.2. Wired
- 7.3. Wireless
- 8. Smart Office Market, by Office Spaces
- 8.1. Introduction
- 8.2. Co-working Office Space
- 8.3. Creative Office Space
- 8.4. Executive Suite
- 8.5. Flex Space
- 8.6. Traditional Office Space
- 9. Smart Office Market, by Building Type
- 9.1. Introduction
- 9.2. New Buildings
- 9.3. Retrofits
- 10. Americas Smart Office Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Smart Office Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Smart Office Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. UK-Based InVentry Acquires Hipla Technologies
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. IDEX Biometrics and AuthenTrend launch biometric smart cards for identity access
- 13.3.2.2. Omantel and Huawei sign an MOU to launch a smart office solution at COMEX 2022
- 13.3.2.3. ABB partners with Samsung Electronics to drive holistic smart building technology
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Honeywell Digitizing Fire Systems to Help Keep People and Places Safer
- 13.3.3.2. Airzone Launches in North America with Critical HVAC / IoT Interface
- 13.3.3.3. HUAWEI IdeaHub S2 Launched for Smart Office and Education
- 13.3.4. Investment & Funding
- 13.3.4.1. Haltian nabs Funds To Equip Office Buildings With Smart Sensors
- 13.3.4.2. Allianz, BVK, EDGE launch EUR 1.3bn ‘smart office’ investment venture
- 13.3.5. Award, Recognition, & Expansion
- 13.3.5.1. KoreLock IoT Smart Lock patent for power savings presents game-changing opportunity for the industry
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. ABB Ltd.
- 14.1.2. Accenture PLC
- 14.1.3. Amazon Web Services, Inc.
- 14.1.4. Atos SE
- 14.1.5. Cisco Systems, Inc.
- 14.1.6. Comcast Corporation
- 14.1.7. Coor Group
- 14.1.8. Crestron Electronics, Inc.
- 14.1.9. Exela Technologies, Inc.
- 14.1.10. Fujitsu Limited
- 14.1.11. General Electric Company
- 14.1.12. Honeywell International Inc.
- 14.1.13. Huawei Technologies Co., Ltd.
- 14.1.14. IDEX Biometrics ASA
- 14.1.15. Intel Corporation
- 14.1.16. International Business Machines Corporation
- 14.1.17. Johnson Controls International PLC
- 14.1.18. Komstadt Systems Limited
- 14.1.19. KoreLock, Inc.
- 14.1.20. KPMG International Limited
- 14.1.21. König + Neurath AG
- 14.1.22. Legrand SA
- 14.1.23. Lenovo Group Limited
- 14.1.24. Leviton Manufacturing Co., Inc.
- 14.1.25. LG Electronics
- 14.1.26. Lutron Electronics Co., Inc.
- 14.1.27. Microsoft Corporation
- 14.1.28. Panasonic Holdings Corporation
- 14.1.29. PointGrab Inc.
- 14.1.30. Robert Bosch GmbH
- 14.1.31. Schneider Electric SE
- 14.1.32. Serraview
- 14.1.33. Siemens AG
- 14.1.34. Tata Tele Business Services
- 14.1.35. TD SYNNEX Corporation
- 14.1.36. URVE Smart Office
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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