Smart Office Market: Increased Opportunities and Growth Factors

2018-03-20 16:25:58

  • According to a new report published by Reports Monitor titled, “Global Smart Office Market Growth, Opportunities and Forecast, 2017-2025,” the Smart Office market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. 

Smart Office is the integration of IoT and advanced communication methods for enhancing the operation efficiency. The main components in the smart office are: smart lighting, energy management system, HVAC system and audio-video conferencing system.

The Global Smart Office Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.

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As energy one of the significant factor in the development of any sector, achieving energy efficiency, thereby increasing the economic gains has resulted in boosting the growth of smart office market. Advancement in the IoT technology has led to the contribution of effective products for the smart office concept hence propelling the market growth. However the technical complexities involved in upgrading the system may slow the market growth.

The regional analysis of Smart Office market includes: North America, Europe, Asia-Pacific and Latin America. Among the above regions, North America is expected to dominate the market owing to the technological advancement and presence of the prominent players in the region. Asia-Pacific is projected to emerge as a fastest growing region mainly due to the expansion of IT and Telecom sector in the countries such as China, India, and others.

The major companies profiled in the report include : Siemens AG , Schneider Electric SA, Johnson Controls International PLC , Honeywell International Inc. , ABB Ltd. , Cisco Systems, Inc. , United Technologies Corporation , Lutron Electronics Co. Inc. , Creston Electronics, Inc. , Philips Lighting Holding B.V.

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