Smart Space Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	150 Pages	Fortune Business Insights Pvt. Ltd.	August, 2024	FOB19136347

Best Price Guarantee
Price	from $4,850
Length	150 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	August, 2024
SKU	FOB19136347

Smart Space Market

Growth Factors of Smart Space Market

The smart space market size was reached at a value of USD 13.45 billion in 2023, and the market is now projected to grow from USD 15.11 billion in 2024 to USD 37.23 billion by 2032, exhibiting a CAGR of 11.9% during the forecast period of 2023-2032.

The COVID-19 pandemic posed significant challenges on the smart space market growth. Due to lack of industrial operations and a halt in commercial campaigns, implementation of government policies, investments in projects and other initiatives due to covid pandemic., which lead a decline in the smart space market growth. The COVID-19 pandemic disrupted demand patterns, significantly impacting the digital transformation visual merchandisers business.

The demand for smart space is rising due to advancements and integration of automation and digitization augmenting smart space market growth. There are a lot of industry prospects due to the rapid improvements in data analytics and artificial intelligence. The potential to make these environments smarter, more responsive, and more efficient has been unleashed by the convergence of AI algorithms and modern data processing techniques. Intelligent environments can now gather and process massive volumes of data in real time via sensors, devices, and user interactions thanks to these technologies. For example, AI-driven analytics in smart buildings may forecast trends and make data-driven modifications to optimize energy use and lower expenses and environmental effect.

Additionally, due to emerging developments like digitalization and automation are having a favorable effect on the market. Automation, fueled by advances in IoT and artificial intelligence, is revolutionizing the performance of physical surroundings. Smart environments are automated, self-regulating, and adaptable enough to change with their environment. For example, automated systems in commercial buildings can provide advantages linked to affordability and sustainability by adjusting lighting, temperature, and energy consumption based on occupant trends. Smart devices, voice-activated assistants, and integrated security systems are increasingly common in homes, increasing homeowner security and accessibility.

Comprehensive Analysis of Smart Space Market

The smart space market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the benefit management industry. These segmentations are methodically segregated by types of component, by install location and by application. The types of component include, solutions and services and by install location includes residential and commercial. However, the application segment includes Energy Management and Optimization, Emergency Management, Security Management, and others.

In the Smart Space Market, the North America region lead the smart devices market with a market size of USD 6.25 billion in 2023 owing to rapid improvements in data analytics and artificial intelligence and integration of automation and digitization.

The prominent players in the market play a crucial role in the smart space industry assuring industrial prospectus growth and setting market standards. These players include, Envoy (U.S.), Vantiva (France), Getronics (Netherlands), Spacewell (Belgium) ABB Ltd (Switzerland), Smarten Spaces (India), Smart Spaces (U.K.), Adappt (India), Oracle Corporation (U.S.), and ICONICS (U.S.) these market players provide a level-playing competitive landscape.

In May 2023, BlockchainSpace and Smart collaborated on the Creator Circle initiative. The Creator Circle program, which introduces content creators to web3 technology, was made possible in part by this relationship.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 11.9% from 2024 to 2032

Segmentation By Component

Solution
Services

By Install Location

Residential
Commercial

By Application

Energy Management and Optimization
Emergency Management
Security Management
Others

By Region

North America (By Component, Install Location, Application, and Country)
U.S.
Canada
Mexico
Europe (By Component, Install Location, Application, and Country)
U.K.
Germany
France
Italy
Spain
Benelux
Nordics
Rest of Europe
Asia Pacific (By Component, Install Location, Application, and Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific
Middle East & Africa (By Component, Install Location, Application, and Country)
Turkey
Israel
GCC
South Africa
North Africa
Rest of the Middle East & Africa
South America (By Component, Install Location, Application, and Country)
Brazil
Argentina
Rest of South America

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1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Smart Space Key Players Market Share/Ranking, 2023
5. Global Smart Space Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Component (USD); 5.2.1. Solution; 5.2.2. Services; 5.3. By Install Location (USD); 5.3.1. Residential; 5.3.2. Commercial; 5.4. By Application (USD); 5.4.1. Energy Management and Optimization; 5.4.2. Emergency Management; 5.4.3. Security Management; 5.4.4. Others; 5.5. By Region (USD); 5.5.1. North America; 5.5.2. South America; 5.5.3. Europe; 5.5.4. Middle East & Africa; 5.5.5. Asia Pacific
6.
7. North America Smart Space Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Component (USD); 7.2.1. Solution; 7.2.2. Services; 7.3. By Install Location (USD); 7.3.1. Residential; 7.3.2. Commercial; 7.4. By Application (USD); 7.4.1. Energy Management and Optimization; 7.4.2. Emergency Management; 7.4.3. Security Management; 7.4.4. Others; 7.5. By Country (USD); 7.5.1. United States; 7.5.2. Canada; 7.5.3. Mexico
8. South America Smart Space Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Component (USD); 8.2.1. Solution; 8.2.2. Services; 8.3. By Install Location (USD); 8.3.1. Residential; 8.3.2. Commercial; 8.4. By Application (USD); 8.4.1. Energy Management and Optimization; 8.4.2. Emergency Management; 8.4.3. Security Management; 8.4.4. Others; 8.5. By Country (USD); 8.5.1. Brazil; 8.5.2. Argentina; 8.5.3. Rest of South America
9. Europe Smart Space Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Component (USD); 9.2.1. Solution; 9.2.2. Services; 9.3. By Install Location (USD); 9.3.1. Residential; 9.3.2. Commercial; 9.4. By Application (USD); 9.4.1. Energy Management and Optimization; 9.4.2. Emergency Management; 9.4.3. Security Management; 9.4.4. Others; 9.5. By Country (USD); 9.5.1. United Kingdom; 9.5.2. Germany; 9.5.3. France; 9.5.4. Italy; 9.5.5. Spain; 9.5.6. Russia; 9.5.7. Benelux; 9.5.8. Nordics; 9.5.9. Rest of Europe
10. Middle East & Africa Smart Space Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Component (USD); 10.2.1. Solution; 10.2.2. Services; 10.3. By Install Location (USD); 10.3.1. Residential; 10.3.2. Commercial; 10.4. By Application (USD); 10.4.1. Energy Management and Optimization; 10.4.2. Emergency Management; 10.4.3. Security Management; 10.4.4. Others; 10.5. By Country (USD); 10.5.1. Turkey; 10.5.2. Israel; 10.5.3. GCC; 10.5.4. North Africa; 10.5.5. South Africa; 10.5.6. Rest of MEA
11. Asia Pacific Smart Space Market Size Estimates and Forecasts, By Segments, 2019-2032: 11.1. Key Findings; 11.2. By Component (USD); 11.2.1. Solution; 11.2.2. Services; 11.3. By Install Location (USD); 11.3.1. Residential; 11.3.2. Commercial; 11.4. By Application (USD); 11.4.1. Energy Management and Optimization; 11.4.2. Emergency Management; 11.4.3. Security Management; 11.4.4. Others; 11.5. By Country (USD); 11.5.1. China; 11.5.2. India; 11.5.3. Japan; 11.5.4. South Korea; 11.5.5. ASEAN; 11.5.6. Oceania; 11.5.7. Rest of Asia Pacific
12. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 12.1. Oracle Corporation; 12.1.1. Overview; 12.1.1.1. Key Management; 12.1.1.2. Headquarters; 12.1.1.3. Offerings/Business Segments; 12.1.2. Key Details (Key details are consolidated data and not product/service specific); 12.1.2.1. Employee Size; 12.1.2.2. Past and Current Revenue; 12.1.2.3. Geographical Share; 12.1.2.4. Business Segment Share; 12.1.2.5. Recent Developments; 12.2. Envoy; 12.2.1. Overview; 12.2.1.1. Key Management; 12.2.1.2. Headquarters; 12.2.1.3. Offerings/Business Segments; 12.2.2. Key Details (Key details are consolidated data and not product/service specific); 12.2.2.1. Employee Size; 12.2.2.2. Past and Current Revenue; 12.2.2.3. Geographical Share; 12.2.2.4. Business Segment Share; 12.2.2.5. Recent Developments; 12.3. Vantiva; 12.3.1. Overview; 12.3.1.1. Key Management; 12.3.1.2. Headquarters; 12.3.1.3. Offerings/Business Segments; 12.3.2. Key Details (Key details are consolidated data and not product/service specific); 12.3.2.1. Employee Size; 12.3.2.2. Past and Current Revenue; 12.3.2.3. Geographical Share; 12.3.2.4. Business Segment Share; 12.3.2.5. Recent Developments; 12.4. Getronics; 12.4.1. Overview; 12.4.1.1. Key Management; 12.4.1.2. Headquarters; 12.4.1.3. Offerings/Business Segments; 12.4.2. Key Details (Key details are consolidated data and not product/service specific); 12.4.2.1. Employee Size; 12.4.2.2. Past and Current Revenue; 12.4.2.3. Geographical Share; 12.4.2.4. Business Segment Share; 12.4.2.5. Recent Developments; 12.5. ABB Ltd; 12.5.1. Overview; 12.5.1.1. Key Management; 12.5.1.2. Headquarters; 12.5.1.3. Offerings/Business Segments; 12.5.2. Key Details (Key details are consolidated data and not product/service specific); 12.5.2.1. Employee Size; 12.5.2.2. Past and Current Revenue; 12.5.2.3. Geographical Share; 12.5.2.4. Business Segment Share; 12.5.2.5. Recent Developments; 12.6. Smarten Spaces; 12.6.1. Overview; 12.6.1.1. Key Management; 12.6.1.2. Headquarters; 12.6.1.3. Offerings/Business Segments; 12.6.2. Key Details (Key details are consolidated data and not product/service specific); 12.6.2.1. Employee Size; 12.6.2.2. Past and Current Revenue; 12.6.2.3. Geographical Share; 12.6.2.4. Business Segment Share; 12.6.2.5. Recent Developments; 12.7. Smart Spaces; 12.7.1. Overview; 12.7.1.1. Key Management; 12.7.1.2. Headquarters; 12.7.1.3. Offerings/Business Segments; 12.7.2. Key Details (Key details are consolidated data and not product/service specific); 12.7.2.1. Employee Size; 12.7.2.2. Past and Current Revenue; 12.7.2.3. Geographical Share; 12.7.2.4. Business Segment Share; 12.7.2.5. Recent Developments; 12.8. Adappt; 12.8.1. Overview; 12.8.1.1. Key Management; 12.8.1.2. Headquarters; 12.8.1.3. Offerings/Business Segments; 12.8.2. Key Details (Key details are consolidated data and not product/service specific); 12.8.2.1. Employee Size; 12.8.2.2. Past and Current Revenue; 12.8.2.3. Geographical Share; 12.8.2.4. Business Segment Share; 12.8.2.5. Recent Developments; 12.9. Spacewell; 12.9.1. Overview; 12.9.1.1. Key Management; 12.9.1.2. Headquarters; 12.9.1.3. Offerings/Business Segments; 12.9.2. Key Details (Key details are consolidated data and not product/service specific); 12.9.2.1. Employee Size; 12.9.2.2. Past and Current Revenue; 12.9.2.3. Geographical Share; 12.9.2.4. Business Segment Share; 12.9.2.5. Recent Developments; 12.10. ICONICS; 12.10.1. Overview; 12.10.1.1. Key Management; 12.10.1.2. Headquarters; 12.10.1.3. Offerings/Business Segments; 12.10.2. Key Details (Key details are consolidated data and not product/service specific); 12.10.2.1. Employee Size; 12.10.2.2. Past and Current Revenue; 12.10.2.3. Geographical Share; 12.10.2.4. Business Segment Share; 12.10.2.5. Recent Developments
13. Key Takeaways