Smart Office Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Smart Office market is expected to grow at a CAGR of 13.6% over the forecast period. The market is primarily driven by factors such as the rise in demand for intelligent office solutions, sensor networks for energy efficiency, favorable government regulations, advancement of IoT in innovative office offerings, and the growing need for safety and security systems at the workplace.
Key HighlightsThe smart office market is highly competitive and consists of several major players. These companies leverage strategic collaborative initiatives and innovation to increase their market share and profitability. Major players include Johnson Controls International PLC, Cisco Systems Inc., United Technologies Corp., Siemens AG, and Schneider Electric SE.
In October 2022, Arthur, a leading virtual reality (VR) office supplier that allows businesses to establish large-scale virtual workplaces with innovative, truly realistic, and collaborative settings, announced the addition of 'New Realities' to its virtual office platform. In Arthur's virtual workplaces, the New Realities upgrade enables the initial generation of Mixed Reality (MR) functionality. These capabilities enable users to transport their actual desk and computer into VR and leverage the global passthrough functionality.
In September 2022, Huawei introduced its Next-Generation HUAWEI IdeaHub S2 - the sector's first intelligent device to operate on HarmonyOS - in an effort to revolutionize cooperation and connectivity for Saudi organizations. HUAWEI IdeaHub S2's Bring Your Own Meeting (BYOM) architecture enables it to provide creative and intelligent meeting experiences anytime and from any location, increasing consumer value and service effectiveness for organizations.
In September 2022, TD SYNNEX revealed the availability of IAconnects MobiusFlow Click-to-Run on Azure, which streamlines the difficult process of deploying a system that includes hardware, application, and infrastructure to operate smart buildings.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook