Smart Office Solutions Market Expected to Grow $ 18.40 Billion from 2020 to 2025 | Growing Adoption of IoT in Business Solutions to Drive Market Growth
NEW YORK, December 7, 2021 / PRNewswire / – The “Intelligent Office Solutions Market by Product (Intelligent Security Systems, Intelligent EMS, HVAC Control Systems, Intelligent Lighting Systems, and Audio-Video Conferencing Systems) and Geography (APAC, North America, Europe, South America, and MEA) – Forecast and Analysis 2021-2025“has been added to Technavio’s offering. With ISO 9001: 2015 certification, Technavio is proud to partner with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the smart office solutions market between 2020 and 2025 is $ 18.40 billion. To get the exact annual growth variance and the growth rate YOY, Talk to our analyst.
Key market dynamics:
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Market Driver – Growing Adoption of IoT Devices
The global smart office solutions market is experiencing significant growth due to the increasing adoption of IoT devices in smart buildings and the implementation of automation technologies in end user industries. To analyze and understand the value of data, IoT is integrated with business solutions to leverage real-time data transmitted between IoT devices and increase the efficiency of business operations. -
Market challenges – Integrating smart offices with existing systems
The issues related to the integration of smart offices with existing systems are expected to hamper the growth of the smart office market during the forecast period. Organizations struggle to integrate smart offices into existing business applications due to the lack of expertise and knowledge of customizing according to business needs. Problems with smart office integration usually result from the presence of internal legacy systems that have varying structures and formats.
Find out more about the main drivers, trends and additional challenges available with Technavio. Read our FREE sample report now!
The Smart Office Solutions market report is segmented by Product (intelligent security systems, intelligent EMS, HVAC control systems, intelligent lighting systems and audio-video conference systems) and Geography (APAC, North America, Europe, South America, and MEA). APAC will be the leading region with 35% of the market growth during the forecast period.
See our sample report for additional information on the contribution of all segments and regional opportunities in the report.
Some companies mentioned
The smart office market is fragmented and suppliers deploy growth strategies such as mergers and acquisitions, divestitures and partnerships to be competitive in the market.
To access more supplier profiles with their key offers available with Technavio, Click here
Associated reports:
Smart hub market –The market size for smart poles has the potential to grow by USD 7.97 billion during the period 2020-2024, and the growth dynamics of the market will accelerate during the forecast period. Download a free sample now!
Smart Trackers Market –The smart trackers market share is expected to increase by USD 372.03 million from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 8.22%. Download a free sample now!
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Scope of the smart office solutions market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Accelerate to a CAGR of 11.07% |
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Market growth 2021-2025 |
$ 18.40 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
10.50 |
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Regional analysis |
APAC, North America, Europe, South America and MEA |
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Efficient contribution to the market |
APAC at 35% |
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Main consumer countries |
United States, China, Japan, United Kingdom and Germany |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
ABB Ltd., Cisco Systems Inc., Crestron Electronics Inc., Honeywell International Inc., Johnson Controls International Plc, Koninklijke Philips NV, Lutron Electronics Co. Inc., Schneider Electric SE, Siemens AG and Signify NV |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period. |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
Main topics covered:
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Abstract
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Market landscape
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Market sizing
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Five forces analysis
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Market segmentation
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Customer landscape
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Geographic landscape
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Supplier landscape
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Supplier analysis
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Annex
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