It seeks to enhance employee convenience and the working environment. Automated sensors, systems, and cutting-edge communication networks and infrastructure are used by Smart Offices systems to provide wireless data transfer and centralized control for data analysis and monitoring. The use of energy-efficient HVAC and automatic lighting systems in commercial buildings is the main driver of the increasing demand for smart offices across the globe.
The term "Smart Office" refers to a modern phenomena that integrates technology into a physical workspace where the responsibilities of the organization are flexible and made easier via the use of network-based gadgets. A Smart Offices solution benefits the company in many ways, including supply connected, integrated systems, cloud storage, analytics, cooperative communication, precise time management, automation, greater customer satisfaction, risk management, resource utilization, and schedule management.
A computerized workspace equipped with sensors and other cutting-edge technologies is referred to as a "smart office." The package includes energy solutions, meeting room and space management, and intelligent security authentication technologies. It helps with boosting efficiency and productivity, luring in and keeping top talent, and providing insights that can be put to use. It also helps to improve teamwork and communication among employees. Because they can better utilize space and assets, smart offices are growing in popularity all over the world.
With the aid of network-based gadgets, the smart office is a technology that is used to make organizational activities simpler and more flexible. It consists of a number of technologies, including automated systems, sensors, and advanced communication systems, which are required to provide efficient assistance for organizing and carrying out tasks
According to a new market research report "Smart Office Market by Product (Smart Lighting/Lighting Controls, Security Systems, Energy Management Systems, HVAC Control Systems, Audio–Video Conferencing Systems), Software & Service, Office Type, and Geography - Global Forecast to 2023", the smart office market was valued at USD 22.21 Billion in 2017 and is expected to reach USD 46.11 Billion by 2023, at a CAGR of 12.94% between 2017 and 2023.
Browse 68 Market Data Tables and 44 Figures spread through 155 Pages and in-depth TOC on "Smart Office Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254310598 Early buyers will receive 10% customization on reports.
The rising energy consumption, energy price volatility, integration of applications over a single platform across the commercial sector, and increasing need for digitization of the energy infrastructure are the driving factors for the growth of the EMS in the smart office market.
The services segment is further divided into advisory and consulting services, installation and support services, and managed services that directly maximize the network performance and uptime, minimize the operational risk, and significantly reduce the capital and operational expenditures, thus resulting in a high demand for services in the smart office market.
The major players operating in the smart office market include ABB, Cisco Systems, Crestron Electronics, Honeywell, Johnson Controls, Philips Lighting, Lutron Electronics, Schneider Electric, Siemens, and United Technologies Corporation.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
