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Explore smart office market trends in 2018

(EstateNewsWire.com, March 23, 2018 ) The smart office market is expected to be valued at USD 46.11 Billion by 2023, at a CAGR of 12.94% between 2017 and 2023. The phenomenal growth in smart and connected products combined with IoT services results in the high growth of the smart office market.



The smart office market has been segmented on the basis of product into smart lighting/lighting controls, security systems, energy management systems (EMSs), HVAC control systems, and audio–video conferencing systems.



For complete update, download this PDF brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=254310598



The demand for services is expected to grow in the future owing to the benefits such as achieving critical targets and developing a skillset for improving the internal planning and control processes.



Moreover, services help in remotely managing customer's infrastructure and/or end-user systems.



The smart office market, on the basis of office type, has been segmented into retrofit offices and new construction offices. The market for the new construction offices segment is expected to grow at a high rate between 2017 and 2023.



New construction offices provide the ability to construct the new building with inbuilt smart office systems. Also, it helps in achieving eco-friendly operations due to economical use of the available resources resulting into the high demand for new construction office.



APAC is expected to be the fastest-growing region for products in the smart office market, followed by RoW during the forecast period. China and India are the fastest-growing economies that are witnessing a rapid penetration of Internet of Things (IoT) in APAC.



The high adoption of modern technologies for energy saving, reduce the operational cost, and to increase the security level at workplaces increases the demand for smart office solutions, thus making APAC the fastest-growing region for smart office product 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.









About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact:

Mr. Rohan

MarketsandMarkets™

701 Pike Street,

Suite 2175, Seattle,

WA 98101, United States

1-888-600-6441

Email: sales@marketsandmarkets.com

MarketsandMarkets

Mr. Rohan

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com


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