[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Smart Office Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 143 pages | ID: S63D4E17FA12EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global smart office market reached a value of US$ 35.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 73.8 Billion by 2027, exhibiting a CAGR of 13.14% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A smart office refers to an automated workplace equipped with sensors and other technologies to streamline business operations. It includes energy solutions, meeting room and space management, and smart security and access control systems. It assists in boosting productivity and efficiency, attracting and retaining talented individuals, and providing actionable insights. It also aids in improving communication and collaboration between employees. At present, there is an increase in the adoption of smart offices around the world on account of their ability to optimize space and asset usage.

Smart Office Market Trends:
Organizations require energy for operating modern computer equipment, telecom networks, data equipment, and optical transport networks. However, due to their corporate social responsibility and rising concerns about energy efficiency, there is a growing need for minimizing power consumption and overall costs. This represents one of the key factors strengthening the growth of the market. Smart offices provide automated workplace energy management platforms for lighting, heating, ventilation, and air conditioning (HVAC), plumbing systems, water management, and other workplace systems. Besides this, organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, smart offices are gaining immense popularity across the globe. Furthermore, leading players are integrating innovative solutions, such as the Internet of Things (IoT), in smart offices to enable internetworking of physical devices through sensors, actuators, network connectivity, and software. These technological developments also allow employers to improve employee productivity and increase the flexibility of the working environment. This, in confluence with considerable investments in research and development (R&D) activities to create cost-effective, reliable, and better software solutions, is creating a favorable market outlook. Other significant factors, including improving business infrastructure and rising utilization of wireless technology, are anticipated to drive the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart office market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, office type and technology.

Breakup by Component:

Hardware
Security System and Controls
Smart Lighting and Controls
Energy Management Systems
HVAC Control Systems
Audio-Video Conferencing Systems
Software
Service

Breakup by Office Type:

Retrofit
New Construction

Breakup by Technology:

Wireless Technology
Wired Technology

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Cisco Systems Inc., Crestron Electronics Inc., Enlighted Inc, Honeywell International Inc., Johnson Controls International PLC, Komstadt Systems Limited, Lutron Electronics Co. Inc., Schneider Electric SE, SensorSuite Inc., Siemens AG and Signify N.V.
Key Questions Answered in This Report:
How has the global smart office market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart office market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the office type?
What is the breakup of the market based on the technology?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart office market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SMART OFFICE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Hardware
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Security System and Controls
    6.1.2.2 Smart Lighting and Controls
    6.1.2.3 Energy Management Systems
    6.1.2.4 HVAC Control Systems
    6.1.2.5 Audio-Video Conferencing Systems
  6.1.3 Market Forecast
6.2 Software
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Service
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY OFFICE TYPE

7.1 Retrofit
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 New Construction
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY TECHNOLOGY

8.1 Wireless Technology
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Wired Technology
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 ABB Ltd
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Cisco Systems Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Crestron Electronics Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Enlighted Inc
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Honeywell International Inc.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Johnson Controls International PLC
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Komstadt Systems Limited
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Lutron Electronics Co. Inc.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 SWOT Analysis
  14.3.9 Schneider Electric SE
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10 SensorSuite Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11 Siemens AG
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12 Signify N.V.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Smart Office Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Office Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Smart Office Market Forecast: Breakup by Office Type (in Million US$), 2022-2027
Table 4: Global: Smart Office Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Smart Office Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Smart Office Market: Competitive Structure
Table 7: Global: Smart Office Market: Key Players

LIST OF FIGURES

Figure 1: Global: Smart Office Market: Major Drivers and Challenges
Figure 2: Global: Smart Office Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Office Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Office Market: Breakup by Component (in %), 2021
Figure 5: Global: Smart Office Market: Breakup by Office Type (in %), 2021
Figure 6: Global: Smart Office Market: Breakup by Technology (in %), 2021
Figure 7: Global: Smart Office Market: Breakup by Region (in %), 2021
Figure 8: Global: Smart Office (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Smart Office (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Smart Office (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Smart Office (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Office (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Office (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Smart Office (Retrofit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Smart Office (Retrofit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Smart Office (New Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Smart Office (New Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Smart Office (Wireless Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Smart Office (Wireless Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Office (Wired Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Office (Wired Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Canada: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Canada: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia-Pacific: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia-Pacific: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: China: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: China: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Japan: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Japan: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South Korea: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South Korea: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Indonesia: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Indonesia: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Brazil: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Brazil: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Mexico: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Mexico: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Middle East and Africa: Smart Office Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Middle East and Africa: Smart Office Market: Breakup by Country (in %), 2021
Figure 70: Middle East and Africa: Smart Office Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Global: Smart Office Industry: SWOT Analysis
Figure 72: Global: Smart Office Industry: Value Chain Analysis
Figure 73: Global: Smart Office Industry: Porter's Five Forces Analysis


More Publications