The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
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.
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:
Breakup by Office Type:
Breakup by Technology:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Office Type, Technology, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at