Smart Office Market: Introduction
Conventionally, office spaces were operated manually to control HVAC settings, lighting, surveillance, and safety & access control. With due course of time and changing workplace environments drive advancement towards the adoption of smart office infrastructures.
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The smart office systems deploy automated systems, sensors, and advanced communication infrastructure & networks, which assist in providing the centralized control and wireless data transfer for monitoring and data analysis. Advanced HVAC systems and automated lighting systems contributes the commercial places to manage energy in a better and systematic way, owing to various benefits associated with deploying smart office infrastructure the demand for smart devices for office and other commercial building spaces is projected to increase.
Smart Office Market: Drivers and Restraints
Increasing the demand for better commercial infrastructure to motivate employees for work is the major factor driving the growth of the smart office market during the forthcoming years. Owing to increase in inclination to adopt energy saving solution at offices is the other primary factor spurring the growth of the smart office market. Also, increasing internet penetration globally is influencing the installation of better and advance infrastructure, which provides more luxury at commercial places is also contributing to scale the demand for the smart office market.
Also, increase in demand for smart lighting in commercial sectors to save energy cost is another driver for the growth of Smart Office Markets during the forecast period.
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Global Smart Office Market: Market Segmentation
Global Smart Office Market can be divided into three segments, on the basis of Product, Building Type, and Region.
Segmentation on the basis of the Product of Smart Office Market as:-
The major segments of Smart Office Market on the basis of the Product include:-
- Smart Lighting
- Security and Access Control Systems
- Audio Video Conferencing Systems
- Energy Management Systems
- Smart HVAC Control Systems
- Fire and Safety Control Systems
Segmentation on the basis of the Building Type for Smart Office Market as:-
The major segments of Smart Office Market on the basis of the Building Type include:-
- Retrofits
- New Office Buildings
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Global Smart Office Market: Competitive Landscape
The major player operating in Smart Office Market includes United Technologies Corporation, Koninklijke Philips, Electric SA, Honeywell International, ABB Ltd., Schneider Siemens AG, Johnson Controls, Cisco Systems, Lutron Electronics and Creston Electronics.