Market Overview:
The global smart spaces market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 17% during 2021-2026. 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 on different end use industries. These insights are included in the report as a major market contributor.
Smart spaces, also known as connected places, are physical environments equipped with advanced technologies, such as network temperature and motion sensors, to enhance the connection between people, processes, and services. They reduce energy costs through adjustments of heating, cooling, and lighting in real-time based on changes in weather and building occupancy. They can be monitored and adjusted remotely, which minimizes carbon footprints. Moreover, they are incorporated with surveillance and security systems to improve the experience of occupants and provide a safe, protected place to live and work. Nowadays, locations like retail, cities, manufacturing, campuses, and transportation are becoming smart spaces worldwide to improve health, safety, operations, and customer experience.
Smart Spaces Market Trends:
Due to the coronavirus disease (COVID-19) outbreak, enterprises across the globe are focusing on creating a safe, digital workplace with a high standard of security. This represents one of the significant factors influencing the adoption of smart spaces to provide contactless access to individuals and protect against cybersecurity attacks. Apart from this, these organizations are recreating their existing physical infrastructure with an overlay of digital technologies to transform individual experiences, create a collaborative culture, and become sustainable. In addition, the emerging trends of automation and digitization are catalyzing the demand for smart spaces to modify manufacturing facilities into connected factories that allow seamless sharing of information between people, machines, and sensors. Moreover, the growing demand for smart homes on account of inflating per capita incomes and changing lifestyles is contributing to the market growth. Furthermore, governing agencies of various countries are investing in the construction of smart city spaces, which is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart spaces market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, space type, application and end user.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Space Type:
- Smart Indoor Space
- Smart Outdoor Space
Breakup by Application:
- Energy Management and Optimization
- Layout and Space Management
- Emergency and Disaster Management
- Security Management
- Others
Breakup by End User:
- Residential
- Commercial
- Utility
- Transportation and Logistic
- Healthcare
- Education
- Retail
- Manufacturing
- Government
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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., Coor Service Management AB, Eutech Cybernetic Pte. Ltd, Hitachi Vantara LLC (Hitachi Ltd.), International Business Machines Corporation, Microsoft Corporation, Schneider Electric, Siemens AG, SmartSpace Software PLC and Ubisense Limited.
Report Coverages:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Space Type, Application, End User, 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., Coor Service Management AB, Eutech Cybernetic Pte. Ltd, Hitachi Vantara LLC (Hitachi Ltd.), International Business Machines Corporation, Microsoft Corporation, Schneider Electric, Siemens AG, SmartSpace Software PLC and Ubisense Limited. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
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) |
Key Questions Answered in This Report:
- How has the global smart spaces 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 spaces 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 space type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- 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 spaces 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 Spaces 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 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Space Type
7.1 Smart Indoor Space
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Smart Outdoor Space
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Energy Management and Optimization
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Layout and Space Management
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Emergency and Disaster Management
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Security Management
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Key Segments
9.2.2.1 Utility
9.2.2.2 Transportation and Logistic
9.2.2.3 Healthcare
9.2.2.4 Education
9.2.2.5 Retail
9.2.2.6 Manufacturing
9.2.2.7 Government
9.2.2.8 Others
9.2.3 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cisco Systems Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Coor Service Management AB
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Eutech Cybernetic Pte. Ltd
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Hitachi Vantara LLC (Hitachi Ltd.)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 International Business Machines Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Microsoft Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Schneider Electric
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Siemens AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SmartSpace Software PLC
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Ubisense Limited
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Smart Spaces Market: Major Drivers and Challenges
Figure 2: Global: Smart Spaces Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Smart Spaces Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Smart Spaces Market: Breakup by Component (in %), 2020
Figure 5: Global: Smart Spaces Market: Breakup by Space Type (in %), 2020
Figure 6: Global: Smart Spaces Market: Breakup by Application (in %), 2020
Figure 7: Global: Smart Spaces Market: Breakup by End User (in %), 2020
Figure 8: Global: Smart Spaces Market: Breakup by Region (in %), 2020
Figure 9: Global: Smart Spaces (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Smart Spaces (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Smart Spaces (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Smart Spaces (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Smart Spaces (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Smart Spaces (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Smart Spaces (Smart Indoor Space) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Smart Spaces (Smart Indoor Space) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Smart Spaces (Smart Outdoor Space) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Smart Spaces (Smart Outdoor Space) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Smart Spaces (Energy Management and Optimization) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Smart Spaces (Energy Management and Optimization) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Smart Spaces (Layout and Space Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Smart Spaces (Layout and Space Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Smart Spaces (Emergency and Disaster Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Smart Spaces (Emergency and Disaster Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Smart Spaces (Security Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Smart Spaces (Security Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Smart Spaces (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Smart Spaces (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Smart Spaces (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Smart Spaces (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Smart Spaces (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Smart Spaces (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia-Pacific: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia-Pacific: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: China: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Smart Spaces Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Smart Spaces Market: Breakup by Country (in %), 2020
Figure 81: Middle East and Africa: Smart Spaces Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Global: Smart Spaces Industry: SWOT Analysis
Figure 83: Global: Smart Spaces Industry: Value Chain Analysis
Figure 84: Global: Smart Spaces Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Smart Spaces Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Smart Spaces Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Smart Spaces Market Forecast: Breakup by Space Type (in Million US$), 2021-2026
Table 4: Global: Smart Spaces Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Smart Spaces Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 6: Global: Smart Spaces Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Smart Spaces Market: Competitive Structure
Table 8: Global: Smart Spaces Market: Key Players